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2022
Flag → Flag
Exports $1.66BRnk 33 / 218
2022
Flag → Flag
Top Product $335MCars
2022
Flag → Flag
Exports $330MRnk 94 / 219
2022
Flag → Flag
Top Product $67.6MCarbonates
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
GDP PC $6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Thailand-Turkey Trade: In 2022, Thailand exported $1.66B to Turkey. The main products that Thailand exported to Turkey were Cars ($335M), Rubber ($203M), and Air Conditioners ($102M). Over the past 5 years the exports of Thailand to Turkey have decreased at an annualized rate of 1.41%, from $1.78B in 2017 to $1.66B in 2022.

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

Turkey-Thailand Trade: In 2022, Turkey exported $330M to Thailand. The main products that Turkey exported to Thailand were Carbonates ($67.6M), Jewellery ($13.9M), and Non-fillet Frozen Fish ($12.4M). Over the past 5 years the exports of Turkey to Thailand have increased at an annualized rate of 9.45%,  from $210M in 2017 to $330M in 2022.

In 2009, Turkey exported services to Thailand worth $0, with 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $1.66B to Turkey. The main products exported from Thailand to Turkey were Cars ($335M), Rubber ($203M), and Air Conditioners ($102M). During the last 5 years the exports of Thailand to Turkey have decreased at an annualized rate of 1.41%, from $1.78B in 2017 to $1.66B in 2022.

In 2017, Turkey exported $330M to Thailand. The main products exported from Turkey to Thailand were Carbonates ($67.6M), Jewellery ($13.9M), and Non-fillet Frozen Fish ($12.4M). During the last 5 years the exports of Turkey to Thailand have increased at an annualized rate of 9.45%, from $210M in 2022 to $330M in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Turkey (Flag)

Thailand Exports

Turkey Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
Turkey
Top DestinationGermany$21.9B

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

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

In 2022, countries that imported more from Turkey than Thailand included Germany ($21.9B), Iraq ($13.7B), and Italy ($12.6B).

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

Comparative Advantage Thailand - Turkey

Flow
Scale

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

During 2022, Thailand had a large net trade with Turkey in the exports of Machines ($429M), Transportation ($401M), and Plastics and Rubbers ($389M).

During 2017, Turkey had a large net trade with Thailand in the exports of Chemical Products ($107M), Machines ($63M), and Textiles ($26.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Turkey+$118MCars
Top Product Potential Turkey Thailand+$14.9MJewellery

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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Economic Complexity

Competitive Landscape

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

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

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