Thailand-Bangladesh Bilateral Trade Analysis 2023
Complete trade statistics: $1.14B total volume •Thailand surplus: $1.14B
Thailand → Bangladesh
$1.14B
Exports (2023)
Bangladesh → Thailand
$0
Imports (2023)
Trade Balance
$1.14B
Surplus for Thailand
Total Trade
$1.14B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Thailand and Bangladesh. Green line shows exports from Thailand, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Thailand-Bangladesh commercial relationship and competitive positioning in global markets.
Thailand → Bangladesh Exports
Export Market Intelligence
🎯 Strategic Export Focus
Thailand's export portfolio to Bangladesh demonstrates strategic specialization, with petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils representing a key competitive advantage in this bilateral market.
Bangladesh → Thailand Imports
Import Dependency Profile
📦 Import Strategy Analysis
Thailand's import pattern from Bangladesh reveals significant dependencyin t-shirts, singlets and other vests: of cotton, knitted or crocheted, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Thailand demonstrates competitive strength in exportingpetroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils to Bangladesh, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $1.14B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Thailand-Bangladesh Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $1.14 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Thailand maintains a surplus of $1.14 billion
- Export Focus: Thailand's primary exports include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, cement clinkers (whether or not coloured), cereals: rice, semi-milled or wholly milled, whether or not polished or glazed
- Import Dependencies: Key imports from Bangladesh include t-shirts, singlets and other vests: of cotton, knitted or crocheted, trousers, bib and brace overalls, breeches and shorts: men's or boys', of cotton (not knitted or crocheted), trousers, bib and brace overalls, breeches and shorts: women's or girls', of cotton (not knitted or crocheted)
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $1.14B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Thailand leveraging its comparative advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Thailand's specialization in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oilscomplements Bangladesh's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in t-shirts, singlets and other vests: of cotton, knitted or crocheted.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $1.14B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $1.14B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $1.14 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils and t-shirts, singlets and other vests: of cotton, knitted or crocheted demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Thailand's trade surplus of $1.14 billion strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Thailand and Bangladesh represents a total trade volume of $1.14 billion in 2023. This partnership demonstrates a favorable trade balance for Thailand, with exports exceeding importsby $1.14 billion.
Export Strengths
Thailand's exports to Bangladesh total $1.14 billion, with competitive advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, representing $242.78M or21.3% of bilateral exports.
Import Dependencies
Imports from Bangladesh amount to $0.00, highlighting economic interdependence in t-shirts, singlets and other vests: of cotton, knitted or crocheted, with T-shirts, singlets and other vests: of cotton, knitted or crocheted comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Thailand's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Thailand and Bangladesh in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023