Thailand-Japan Bilateral Trade Analysis 2023
Complete trade statistics: $53.86B total volume •Thailand deficit: $3.97B
Thailand → Japan
$24.94B
Exports (2023)
Japan → Thailand
$28.92B
Imports (2023)
Trade Balance
$3.97B
Deficit for Thailand
Total Trade
$53.86B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Thailand and Japan. 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-Japan commercial relationship and competitive positioning in global markets.
Thailand → Japan Exports
Export Market Intelligence
🎯 Strategic Export Focus
Thailand's export portfolio to Japan demonstrates strong diversification across multiple sectors, with meat preparations: of the poultry of heading no. 0105, (i.e. of fowls of the species gallus domesticus) representing a key competitive advantage in this bilateral market.
Japan → Thailand Imports
Import Dependency Profile
📦 Import Strategy Analysis
Thailand's import pattern from Japan reveals strategic sourcingin vehicle parts: gear boxes and parts thereof, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Thailand demonstrates competitive strength in exportingmeat preparations: of the poultry of heading no. 0105, (i.e. of fowls of the species gallus domesticus) to Japan, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $53.86B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Thailand-Japan Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $53.86 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Thailand maintains a deficit of $3.97 billion
- Export Focus: Thailand's primary exports include meat preparations: of the poultry of heading no. 0105, (i.e. of fowls of the species gallus domesticus), electronic integrated circuits: n.e.c. in heading no. 8542, television cameras, digital cameras and video camera recorders
- Import Dependencies: Key imports from Japan include vehicle parts: gear boxes and parts thereof, electronic integrated circuits: n.e.c. in heading no. 8542, copper: refined, unwrought, cathodes and sections of cathodes
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents one of the world's largest 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 $53.86B 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 meat preparations: of the poultry of heading no. 0105, (i.e. of fowls of the species gallus domesticus).
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 meat preparations: of the poultry of heading no. 0105, (i.e. of fowls of the species gallus domesticus)complements Japan's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in vehicle parts: gear boxes and parts thereof.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $53.86B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $53.86B 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 $53.86 billion bilateral trade volume represents a major economic driverfor both economies.
Industrial Integration
Trade flows in meat preparations: of the poultry of heading no. 0105, (i.e. of fowls of the species gallus domesticus) and vehicle parts: gear boxes and parts thereof demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Thailand's trade deficit of $3.97 billion impacts 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 Japan represents a total trade volume of $53.86 billion in 2023. This partnership demonstrates an unfavorable trade balance for Thailand, with imports exceeding exportsby $3.97 billion.
Export Strengths
Thailand's exports to Japan total $24.94 billion, with competitive advantages in meat preparations: of the poultry of heading no. 0105, (i.e. of fowls of the species gallus domesticus), representing $1.43B or5.7% of bilateral exports.
Import Dependencies
Imports from Japan amount to $28.92 billion, highlighting economic interdependence in vehicle parts: gear boxes and parts thereof, with Vehicle parts: gear boxes and parts thereof comprising4.6% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Thailand's strategic sourcing from Japan. 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 Japan in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023