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

About

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.

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.

Comparison: In 2022,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $330M in 2022.

In 2017, 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 2022 to $1.66B in 2017.

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

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

Latest Data

Trade between Turkey (Flag) and Thailand (Flag)

Turkey Exports

Thailand Exports

Market Competitiveness

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

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

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

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

Comparative Advantage Turkey - Thailand

Flow
Scale

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

During 2022, Turkey had a large net trade with Thailand in the exports of Chemical Products ($107M), Machines ($63M), and Textiles ($26.4M).

During 2017, Thailand had a large net trade with Turkey in the exports of Machines ($429M), Transportation ($401M), and Plastics and Rubbers ($389M).

Potential Exports

Potential Exports

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

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 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.

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

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