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2023
Flag → Flag
Exports $201MRnk 69 / 216
2023
Flag → Flag
Top Product $30.8MDelivery Trucks
2023
Flag → Flag
Exports $53.6MRnk 62 / 193
2023
Flag → Flag
Top Product $29.9MWheat
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.39Rnk 47 / 132
2023
Flag  
GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
 GDP$179BCURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP GROWTH-6.16%CURRENT US$
Rnk 179 / 195
2023
Flag
GDP PC $7,182CURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195
2023
Flag
GDP PC$5,070CURRENT US$
Rnk 122 / 196
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 95 / 195

About

Thailand-Ukraine Trade: In 2023, Thailand exported $201M to Ukraine. The main products that Thailand exported to Ukraine were Delivery Trucks ($30.8M), Office Machine Parts ($13.7M), and Other Processed Fruits and Nuts ($13.4M). Over the past 5 years the exports of Thailand to Ukraine have increased at an annualized rate of 3.02%, from $173M in 2018 to $201M in 2023.

In 2023, Thailand did not export any services to Ukraine.

Ukraine-Thailand Trade: In 2023, Ukraine exported $53.6M to Thailand. The main products that Ukraine exported to Thailand were Wheat ($29.9M), Starches ($8.3M), and Insulated Wire ($2.84M). Over the past 5 years the exports of Ukraine to Thailand have decreased at an annualized rate of 26%,  from $242M in 2018 to $53.6M in 2023.

In 2023, Ukraine did not export any services to Thailand.

Comparison: In 2023,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). That same year, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Thailand exported $201M to Ukraine. The main products exported from Thailand to Ukraine were Delivery Trucks ($30.8M), Office Machine Parts ($13.7M), and Other Processed Fruits and Nuts ($13.4M). During the last 5 years the exports of Thailand to Ukraine have increased at an annualized rate of 3.02%, from $173M in 2018 to $201M in 2023.

In 2018, Ukraine exported $53.6M to Thailand. The main products exported from Ukraine to Thailand were Wheat ($29.9M), Starches ($8.3M), and Insulated Wire ($2.84M). During the last 5 years the exports of Ukraine to Thailand have decreased at an annualized rate of 26%, from $242M in 2023 to $53.6M in 2018.

Exports from Thailand (Flag) to Ukraine (Flag) (2023)

Exports from Ukraine (Flag) to Thailand (Flag) (2023)

Latest Data

Trade between Thailand (Flag) and Ukraine (Flag)

Thailand Exports

Ukraine Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$58.5B
Ukraine
Top DestinationPoland$4.83B

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

In 2023, countries that imported more from Thailand than Ukraine included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

In 2023, countries that imported more from Ukraine than Thailand included Poland ($4.83B), Romania ($3.56B), and Moldova ($1.13B).

Difference in imports from Ukraine (Flag) and Thailand (Flag) (2023)

Comparative Advantage Thailand - Ukraine

Flow
Scale

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

During 2023, Thailand had a large net trade with Ukraine in the exports of Machines ($57M), Transportation ($46.4M), and Foodstuffs ($30.1M).

During 2018, Ukraine had a large net trade with Thailand in the exports of Vegetable Products ($41.8M), Machines ($4.13M), and Animal and Vegetable Bi-Products ($2.24M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Ukraine+$16.6MCars
Top Product Potential Ukraine Thailand+$9.2MSemi-Finished Iron

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 Ukraine. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Ukraine. Similarly, a dot/product with the flag of Ukraine indicates it has a comparative advantage over Thailand.

Product Space of Thailand (Flag) and Ukraine (Flag) (2023)

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