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2022
Flag → Flag
Exports $604MRnk 45 / 218
2022
Flag → Flag
Top Product $62.1MAir Conditioners
2022
Flag → Flag
Exports $751MRnk 37 / 217
2022
Flag → Flag
Top Product $180MGas Turbines
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag  
GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
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GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
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GDP PC $6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC$55,873CURRENT US$
Rnk 13 / 186
2012-2022
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GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186

About

Thailand-Sweden Trade: In 2022, Thailand exported $604M to Sweden. The main products that Thailand exported to Sweden were Air Conditioners ($62.1M), Refrigerators ($40M), and Audio Alarms ($30.5M). Over the past 5 years the exports of Thailand to Sweden have increased at an annualized rate of 2.41%, from $536M in 2017 to $604M in 2022.

In 2022, Thailand did not export any services to Sweden.

Sweden-Thailand Trade: In 2022, Sweden exported $751M to Thailand. The main products that Sweden exported to Thailand were Gas Turbines ($180M), Vaccines, blood, antisera, toxins and cultures ($92M), and Kaolin Coated Paper ($49.8M). Over the past 5 years the exports of Sweden to Thailand have increased at an annualized rate of 4.05%,  from $616M in 2017 to $751M in 2022.

In 2020, Sweden exported services to Thailand worth $209M, with Other business services ($82.1M), Computer and information services ($49.1M), and Personal, cultural, and recreational services ($27.2M) being the largest in terms of value.

Comparison: In 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $604M to Sweden. The main products exported from Thailand to Sweden were Air Conditioners ($62.1M), Refrigerators ($40M), and Audio Alarms ($30.5M). During the last 5 years the exports of Thailand to Sweden have increased at an annualized rate of 2.41%, from $536M in 2017 to $604M in 2022.

In 2017, Sweden exported $751M to Thailand. The main products exported from Sweden to Thailand were Gas Turbines ($180M), Vaccines, blood, antisera, toxins and cultures ($92M), and Kaolin Coated Paper ($49.8M). During the last 5 years the exports of Sweden to Thailand have increased at an annualized rate of 4.05%, from $616M in 2022 to $751M in 2017.

Exports from Thailand (Flag) to Sweden (Flag) (2022)

Exports from Sweden (Flag) to Thailand (Flag) (2022)

Latest Data

Trade between Thailand (Flag) and Sweden (Flag)

Thailand Exports

Sweden Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
Sweden
Top DestinationGermany$19.2B

This map shows whether countries import more from Thailand or Sweden. Each country is colored based on the difference in imports they receive from Thailand and Sweden or the difference in the growth in imports.

In 2022, countries that imported more from Thailand than Sweden included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

In 2022, countries that imported more from Sweden than Thailand included Norway ($18.7B), Denmark ($14.6B), and Finland ($13.4B).

Difference in imports from Sweden (Flag) and Thailand (Flag) (2022)

Comparative Advantage Thailand - Sweden

Flow
Scale

This chart compares trade between Thailand and Sweden by product, considering products traded by both, Thailand and Sweden.

During 2022, Thailand had a large net trade with Sweden in the exports of Machines ($329M), Foodstuffs ($73M), and Plastics and Rubbers ($41.8M).

During 2017, Sweden had a large net trade with Thailand in the exports of Machines ($388M), Chemical Products ($126M), and Paper Goods ($93.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Sweden+$43.1MTelephones
Top Product Potential Sweden Thailand+$26MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Sweden exported services to Thailand worth $209M, with Other business services ($82.1M), Computer and information services ($49.1M), and Personal, cultural, and recreational services ($27.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Sweden (Flag) to Thailand (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Thailand and Sweden. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Sweden. Similarly, a dot/product with the flag of Sweden indicates it has a comparative advantage over Thailand.

Product Space of Thailand (Flag) and Sweden (Flag) (2022)

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