Thailand-China, Macao SAR Bilateral Trade Analysis 2023
Complete trade statistics: $119.16M total volume •Thailand surplus: $104.13M
Thailand → China, Macao SAR
$111.65M
Exports (2023)
China, Macao SAR → Thailand
$7.51M
Imports (2023)
Trade Balance
$104.13M
Surplus for Thailand
Total Trade
$119.16M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Thailand and China, Macao 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, Macao SAR commercial relationship and competitive positioning in global markets.
Thailand → China, Macao SAR Exports
Export Market Intelligence
🎯 Strategic Export Focus
Thailand's export portfolio to China, Macao SAR demonstrates strategic specialization, with electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led) representing a key competitive advantage in this bilateral market.
China, Macao SAR → Thailand Imports
Import Dependency Profile
📦 Import Strategy Analysis
Thailand's import pattern from China, Macao SAR reveals significant dependencyin copper: foil, backed with paper, paperboard, plastics or similar backing material, of a thickness (excluding any backing) not exceeding 0.15mm, of refined copper, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Thailand demonstrates competitive strength in exportingelectrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led) to China, Macao SAR, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $119.16M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Thailand-China, Macao SAR Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $119.16 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Thailand maintains a surplus of $104.13 million
- Export Focus: Thailand's primary exports include electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led), jackets and blazers: women's or girls', of synthetic fibres (not knitted or crocheted), telephones for cellular networks or for other wireless networks
- Import Dependencies: Key imports from China, Macao SAR include copper: foil, backed with paper, paperboard, plastics or similar backing material, of a thickness (excluding any backing) not exceeding 0.15mm, of refined copper, copper: plates, sheets and strip, of a thickness exceeding 0.15mm, of copper alloys (other than copper-zinc base alloys, copper-tin base alloys, copper-nickel base alloys or copper-nickel-zinc base alloys), electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543
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 $119.16M 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 electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led).
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 electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led)complements China, Macao SAR's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in copper: foil, backed with paper, paperboard, plastics or similar backing material, of a thickness (excluding any backing) not exceeding 0.15mm, of refined copper.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $119.16M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $119.16M 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 $119.16 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led) and copper: foil, backed with paper, paperboard, plastics or similar backing material, of a thickness (excluding any backing) not exceeding 0.15mm, of refined copper demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Thailand's trade surplus of $104.13 million 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 China, Macao SAR represents a total trade volume of $119.16 million in 2023. This partnership demonstrates a favorable trade balance for Thailand, with exports exceeding importsby $104.13 million.
Export Strengths
Thailand's exports to China, Macao SAR total $111.65 million, with competitive advantages in electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led), representing $22.91M or20.5% of bilateral exports.
Import Dependencies
Imports from China, Macao SAR amount to $7.51 million, highlighting economic interdependence in copper: foil, backed with paper, paperboard, plastics or similar backing material, of a thickness (excluding any backing) not exceeding 0.15mm, of refined copper, with Copper: foil, backed with paper, paperboard, plastics or similar backing material, of a thickness (excluding any backing) not exceeding 0.15mm, of refined copper comprising40.9% 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, Macao SAR in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023