2022
Flag  
GDP
$406BCURRENT US$
Rnk 37 / 186
2012-2022
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GDP GROWTH
-6.57%CURRENT US$
Rnk 171 / 186
2022
Flag
 GDP
$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH
24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
GDP PC 
$6,776CURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP PC GROWTH
-17.1%CURRENT US$
Rnk 167 / 186
2022
Flag
GDP PC
$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH
20.2%CURRENT US$
Rnk 87 / 186

About

South Africa-Thailand Trade: In 2022, South Africa exported $740M to Thailand. The main products that South Africa exported to Thailand were Acyclic Hydrocarbons ($120M), Gold ($93.7M), and Raw Aluminium ($93M). Over the past 5 years the exports of South Africa to Thailand have decreased at an annualized rate of 2.41%, from $837M in 2017 to $740M in 2022.

In 2022, South Africa did not export any services to Thailand.

Thailand-South Africa Trade: In 2022, Thailand exported $2.36B to South Africa. The main products that Thailand exported to South Africa were Motor vehicles; parts and accessories (8701 to 8705) ($526M), Rice ($348M), and Combustion Engines ($163M). Over the past 5 years the exports of Thailand to South Africa have increased at an annualized rate of 0.24%,  from $2.33B in 2017 to $2.36B in 2022.

In 2022, Thailand did not export any services to South Africa.

Comparison: In 2022,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B). 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, South Africa exported $740M to Thailand. The main products exported from South Africa to Thailand were Acyclic Hydrocarbons ($120M), Gold ($93.7M), and Raw Aluminium ($93M). During the last 5 years the exports of South Africa to Thailand have decreased at an annualized rate of 2.41%, from $837M in 2017 to $740M in 2022.

In 2017, Thailand exported $2.36B to South Africa. The main products exported from Thailand to South Africa were Motor vehicles; parts and accessories (8701 to 8705) ($526M), Rice ($348M), and Combustion Engines ($163M). During the last 5 years the exports of Thailand to South Africa have increased at an annualized rate of 0.24%, from $2.33B in 2022 to $2.36B in 2017.

Exports from South Africa (Flag) to Thailand (Flag) (2022)

Exports from Thailand (Flag) to South Africa (Flag) (2022)

Market Competitiveness

Color
South Africa
Top Destination
China$23.4B
Thailand
Top Destination
United States$53.4B

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

In 2022, countries that imported more from South Africa than Thailand included Mozambique ($5.43B), Botswana ($4.74B), and Germany ($9.96B).

In 2022, countries that imported more from Thailand than South Africa included United States ($53.4B), Japan ($24.6B), and Vietnam ($13.4B).

Difference in imports from Thailand (Flag) and South Africa (Flag) (2022)

Comparative Advantage South Africa - Thailand

Flow
Scale

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

During 2022, South Africa had a large net trade with Thailand in the exports of Metals ($194M), Chemical Products ($137M), and Precious Metals ($127M).

During 2017, Thailand had a large net trade with South Africa in the exports of Transportation ($731M), Machines ($540M), and Vegetable Products ($358M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Africa Thailand+$107MGold
Top Product Potential Thailand South Africa+$55.7MCars

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

Product Space of South Africa (Flag) and Thailand (Flag) (2022)

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