Turkey (TUR) and Thailand (THA) Trade | The Observatory of Economic Complexity

About

Turkey-Thailand Trade: In 2023, Turkey exported $427M to Thailand. The main products that Turkey exported to Thailand were Carbonates ($60.1M), Jewellery ($38.4M), and Crude Petroleum ($35.7M). Over the past 5 years the exports of Turkey to Thailand have increased at an annualized rate of 3.93%, from $352M in 2018 to $427M in 2023.

In 2009, Turkey exported services to Thailand worth $0, with being the largest in terms of value.

Thailand-Turkey Trade: In 2023, Thailand exported $2.21B to Turkey. The main products that Thailand exported to Turkey were Delivery Trucks ($353M), Air Conditioners ($196M), and Cars ($176M). Over the past 5 years the exports of Thailand to Turkey have increased at an annualized rate of 8.98%, from $1.43B in 2018 to $2.21B in 2023.

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

Comparison: In 2023, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Turkey exported $427M to Thailand. The main products exported from Turkey to Thailand were Carbonates ($60.1M), Jewellery ($38.4M), and Crude Petroleum ($35.7M). During the last 5 years the exports of Turkey to Thailand have increased at an annualized rate of 3.93%, from $352M in 2018 to $427M in 2023.

In 2018, Thailand exported $2.21B to Turkey. The main products exported from Thailand to Turkey were Delivery Trucks ($353M), Air Conditioners ($196M), and Cars ($176M). During the last 5 years the exports of Thailand to Turkey have increased at an annualized rate of 8.98%, from $1.43B in 2023 to $2.21B in 2018.

Exports from Turkey () to Thailand () (2023)

Exports from Thailand () to Turkey () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$24.7B

Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Turkey than Thailand included Germany ($24.7B), Iraq ($12.8B), and Italy ($12.6B).

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

Difference in imports from Thailand () and Turkey () (2023)

Comparative Advantage Turkey - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Turkey had a large net trade with Thailand in the exports of Chemical Products ($96.4M), Machines ($71.9M), and Precious Metals ($58.5M).

During 2018, Thailand had a large net trade with Turkey in the exports of Machines ($751M), Transportation ($589M), and Plastics and Rubbers ($334M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Thailand+$14.9MJewellery

Top Product Potential Thailand Turkey+N/AN/A

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Turkey () to Thailand () (2023)

Exports from Thailand () to Turkey () (2023)

Market Competitiveness

Difference in imports from Thailand () and Turkey () (2023)

Comparative Advantage Turkey - Thailand

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Turkey () and Thailand () (2023)

Keep Exploring