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Thailand-China, Hong Kong SAR Bilateral Trade Analysis 2023

Complete trade statistics: $14.68B total volume •Thailand surplus: $9.48B

Thailand → China, Hong Kong SAR

$12.08B

Exports (2023)

China, Hong Kong SAR → Thailand

$2.60B

Imports (2023)

Trade Balance

$9.48B

Surplus for Thailand

Total Trade

$14.68B

Combined Volume

Trade Flow Visualization

Direct trade relationship between Thailand and China, Hong Kong SAR. 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-China, Hong Kong SAR commercial relationship and competitive positioning in global markets.

Thailand → China, Hong Kong SAR Exports

$12.08B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
14.3% top product
1Electronic integrated circuits: n.e.c. in heading no. 8542
$1.72B
14.3% of exports
2Units of automatic data processing machines: storage units
$1.39B
11.5% of exports
3Stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set
$672.76M
5.6% of exports
4Metals: gold, non-monetary, unwrought (but not powder)
$620.36M
5.1% of exports
5Turbo-jets: of a thrust exceeding 25kN
$573.92M
4.8% of exports
6Diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set
$561.75M
4.7% of exports
7Engines: for aircraft, spark-ignition reciprocating or rotary internal combustion piston engines
$517.85M
4.3% of exports
8Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof
$387.82M
3.2% of exports
9Telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts
$386.29M
3.2% of exports
10Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus
$370.80M
3.1% of exports

🎯 Strategic Export Focus

Thailand's export portfolio to China, Hong Kong SAR demonstrates strong diversification across multiple sectors, with electronic integrated circuits: n.e.c. in heading no. 8542 representing a key competitive advantage in this bilateral market.

China, Hong Kong SAR → Thailand Imports

$2.60B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
65.7% concentration
1Metals: gold, non-monetary, unwrought (but not powder)
$1.71B
65.7% of imports
2Diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set
$104.58M
4.0% of imports
3Stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set
$85.12M
3.3% of imports
4Stones: precious (other than diamonds) and semi-precious stones, (other than rubies, sapphires and emeralds), worked other than simply sawn or roughly shaped, not strung, mounted or set
$68.02M
2.6% of imports
5Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof
$66.50M
2.6% of imports
6Metals: silver, unwrought, (but not powder)
$44.35M
1.7% of imports
7Turbo-jets: of a thrust exceeding 25kN
$35.45M
1.4% of imports
8Boards, panels, consoles, desks and other bases: for electric control or the distribution of electricity, (other than switching apparatus of heading no. 8517), for a voltage not exceeding 1000 volts
$31.36M
1.2% of imports
9Aluminium: plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)
$28.27M
1.1% of imports
10Gold compounds
$17.51M
0.7% of imports

📦 Import Strategy Analysis

Thailand's import pattern from China, Hong Kong SAR reveals significant dependencyin metals: gold, non-monetary, unwrought (but not powder), highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Thailand demonstrates competitive strength in exportingelectronic integrated circuits: n.e.c. in heading no. 8542 to China, Hong Kong SAR, leveraging comparative advantages.

Export Leader in 20+ Categories
🔄

Trade Complementarity

The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.

Specialized Exchange
📈

Growth Potential

The $14.68B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

Executive Summary: Thailand-China, Hong Kong SAR Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $14.68 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: Thailand maintains a surplus of $9.48 billion
  • Export Focus: Thailand's primary exports include electronic integrated circuits: n.e.c. in heading no. 8542, units of automatic data processing machines: storage units, stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set
  • Import Dependencies: Key imports from China, Hong Kong SAR include metals: gold, non-monetary, unwrought (but not powder), diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set, stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationDiversified
Trade Balance HealthImbalanced

📈 Market Position: This bilateral trade relationship represents a significant global 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 $14.68B 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 electronic integrated circuits: n.e.c. in heading no. 8542.

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

1

Comparative Advantage

Thailand's specialization in electronic integrated circuits: n.e.c. in heading no. 8542complements China, Hong Kong SAR's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in metals: gold, non-monetary, unwrought (but not powder).

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $14.68B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyHigh
🔮

Trade Relationship Outlook

The $14.68B 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 $14.68 billion bilateral trade volume represents a significant economic factorfor both economies.

Economic Significance: High
🏭

Industrial Integration

Trade flows in electronic integrated circuits: n.e.c. in heading no. 8542 and metals: gold, non-monetary, unwrought (but not powder) demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

Thailand's trade surplus of $9.48 billion strengthens its overall economic position in this bilateral relationship.

Balance Impact: Export Advantage

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in units of automatic data processing machines: storage units present expansion opportunities.
Market Diversification
Beyond current focus on metals: gold, non-monetary, unwrought (but not powder), new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
High trade imbalance may create supply chain risks
Market Competition
Global competition in electronic integrated circuits: n.e.c. in heading no. 8542 may affect future market positioning.

🎯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 China, Hong Kong SAR represents a total trade volume of $14.68 billion in 2023. This partnership demonstrates a favorable trade balance for Thailand, with exports exceeding importsby $9.48 billion.

Export Strengths

Thailand's exports to China, Hong Kong SAR total $12.08 billion, with competitive advantages in electronic integrated circuits: n.e.c. in heading no. 8542, representing $1.72B or14.3% of bilateral exports.

Import Dependencies

Imports from China, Hong Kong SAR amount to $2.60 billion, highlighting economic interdependence in metals: gold, non-monetary, unwrought (but not powder), with Metals: gold, non-monetary, unwrought (but not powder) comprising65.7% 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 China, Hong Kong SAR in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023