Thailand (THA) and South Korea (KOR) Trade | The Observatory of Economic Complexity

About

Thailand-South Korea In 2022, Thailand exported $7.01B to South Korea. The main products that Thailand exported to South Korea are Refined Petroleum ($640M), Integrated Circuits ($490M), and Rubber ($388M). During the last 27 years the exports of Thailand to South Korea have increased at an annualized rate of 7.59%, from $973M in 1995 to $7.01B in 2022.

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

South Korea-Thailand In 2022, South Korea exported $8.92B to Thailand. The main products that South Korea exported to Thailand were Integrated Circuits ($981M), Coated Flat-Rolled Iron ($418M), and Cold-Rolled Iron ($352M). During the last 27 years the exports of South Korea to Thailand have increased at an annualized rate of 4.68%, from $2.6B in 1995 to $8.92B in 2022.

In 2005, South Korea exported services to Thailand worth $908M, with Services not allocated ($409M), Transportation ($342M), and Travel ($94.9M) being the largest in terms of value.

Comparison In 2022, Thailand ranked 29 in the Economic Complexity Index (ECI 0.88), and 27 in total exports ($312B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Thailand exported $7.01B to South Korea. The main products exported from Thailand to South Korea were Refined Petroleum ($640M), Integrated Circuits ($490M), and Rubber ($388M). During the last 27 years the exports of Thailand to South Korea have increased at an annualized rate of 7.59%, from $973M in 1995 to $7.01B in 2022.

In 2022, South Korea exported $8.92B to Thailand. The main products exported from South Korea to Thailand were Integrated Circuits ($981M), Coated Flat-Rolled Iron ($418M), and Cold-Rolled Iron ($352M). During the last 27 years the exports of South Korea to Thailand have increased at an annualized rate of 4.68%, from $2.6B in 1995 to $8.92B in 2022.

Exports from Thailand () to South Korea () (2022)

Exports from South Korea () to Thailand () (2022)

Latest Data

Trade between Thailand () and South Korea ()

Thailand Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$53.4B

South Korea
Top DestinationChina$150B

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

In 2021, countries that imported more from Thailand than South Korea were Cambodia ($8.63B), Laos ($4.5B), and Burma ($4.7B).

In 2021, countries that imported more from South Korea than Thailand were China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea () and Thailand () (2022)

Comparative Advantage Thailand - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Thailand had a large net trade with South Korea in the exports of Machines ($1.9B), Plastics and Rubbers ($1.03B), and Foodstuffs ($913M).

During 2022, South Korea had a large net trade with Thailand in the exports of Metals ($2.54B), Machines ($2.49B), and Plastics and Rubbers ($1.03B).

Service Trade

Bilateral Service Trade

In 2005, South Korea exported services to Thailand worth $908M, with Services not allocated ($409M), Transportation ($342M), and Travel ($94.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from South Korea () to Thailand () (N/A)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Thailand has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Thailand.

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to South Korea () (2022)

Exports from South Korea () to Thailand () (2022)

Latest Data

Trade between Thailand () and South Korea ()

Thailand Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Thailand () (2022)

Comparative Advantage Thailand - South Korea

Service Trade

Bilateral Service Trade

Services Exports from South Korea () to Thailand () (N/A)

Economic Complexity

Competitive Landscape

Product Space of Thailand () and South Korea () (2022)

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