Thailand-Iran Bilateral Trade Analysis 2023
Complete trade statistics: $135.09M total volume •Thailand surplus: $135.09M
Thailand → Iran
$135.09M
Exports (2023)
Iran → Thailand
$0
Imports (2023)
Trade Balance
$135.09M
Surplus for Thailand
Total Trade
$135.09M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Thailand and Iran. 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-Iran commercial relationship and competitive positioning in global markets.
Thailand → Iran Exports
Export Market Intelligence
🎯 Strategic Export Focus
Thailand's export portfolio to Iran demonstrates strategic specialization, with rubber: natural rubber latex, whether or not pre-vulcanised, in primary forms or in plates, sheets or strip representing a key competitive advantage in this bilateral market.
Iran → Thailand Imports
Import Dependency Profile
📦 Import Strategy Analysis
Thailand's import pattern from Iran reveals significant dependencyin fish: frozen, n.e.c. in heading 0303, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Thailand demonstrates competitive strength in exportingrubber: natural rubber latex, whether or not pre-vulcanised, in primary forms or in plates, sheets or strip to Iran, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $135.09M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Thailand-Iran Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $135.09 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Thailand maintains a surplus of $135.09 million
- Export Focus: Thailand's primary exports include rubber: natural rubber latex, whether or not pre-vulcanised, in primary forms or in plates, sheets or strip, fruit: pineapples, prepared or preserved in ways n.e.c. in heading no. 2007, whether or not containing added sugar, other sweetening matter or spirit, motorcycles (including mopeds) and cycles: fitted with an auxiliary motor, reciprocating internal combustion piston engine, of cylinder capacity exceeding 50cc but not exceeding 250cc, with or without side-cars: side-cars
- Import Dependencies: Key imports from Iran include fish: frozen, n.e.c. in heading 0303, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, fish: frozen, n.e.c. in item no. 0303.5, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, fruit, edible: grapes, dried
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 $135.09M 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 rubber: natural rubber latex, whether or not pre-vulcanised, in primary forms or in plates, sheets or strip.
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 rubber: natural rubber latex, whether or not pre-vulcanised, in primary forms or in plates, sheets or stripcomplements Iran's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in fish: frozen, n.e.c. in heading 0303, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $135.09M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $135.09M 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 $135.09 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in rubber: natural rubber latex, whether or not pre-vulcanised, in primary forms or in plates, sheets or strip and fish: frozen, n.e.c. in heading 0303, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Thailand's trade surplus of $135.09 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 Iran represents a total trade volume of $135.09 million in 2023. This partnership demonstrates a favorable trade balance for Thailand, with exports exceeding importsby $135.09 million.
Export Strengths
Thailand's exports to Iran total $135.09 million, with competitive advantages in rubber: natural rubber latex, whether or not pre-vulcanised, in primary forms or in plates, sheets or strip, representing $11.46M or8.5% of bilateral exports.
Import Dependencies
Imports from Iran amount to $0.00, highlighting economic interdependence in fish: frozen, n.e.c. in heading 0303, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, with Fish: frozen, n.e.c. in heading 0303, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 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 Iran in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023