Thailand-Mongolia Bilateral Trade Analysis 2023
Complete trade statistics: $67.09M total volume •Thailand deficit: $67.09M
Thailand → Mongolia
$0
Exports (2023)
Mongolia → Thailand
$67.09M
Imports (2023)
Trade Balance
$67.09M
Deficit for Thailand
Total Trade
$67.09M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Thailand and Mongolia. 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-Mongolia commercial relationship and competitive positioning in global markets.
Thailand → Mongolia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Thailand's export portfolio to Mongolia demonstrates strategic specialization, with uncoated paper and paperboard (not 4801 or 4803): printing, writing or graphic, 10% or less by weight of mechanical or chemi-mechanical processed fibre, weight 40-150g/m2, in sheets 435mm or less by 297mm or less (unfolded) representing a key competitive advantage in this bilateral market.
Mongolia → Thailand Imports
Import Dependency Profile
📦 Import Strategy Analysis
Thailand's import pattern from Mongolia reveals significant dependencyin molybdenum ores and concentrates: other than roasted, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Thailand demonstrates competitive strength in exportinguncoated paper and paperboard (not 4801 or 4803): printing, writing or graphic, 10% or less by weight of mechanical or chemi-mechanical processed fibre, weight 40-150g/m2, in sheets 435mm or less by 297mm or less (unfolded) to Mongolia, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $67.09M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Thailand-Mongolia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $67.09 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Thailand maintains a deficit of $67.09 million
- Export Focus: Thailand's primary exports include uncoated paper and paperboard (not 4801 or 4803): printing, writing or graphic, 10% or less by weight of mechanical or chemi-mechanical processed fibre, weight 40-150g/m2, in sheets 435mm or less by 297mm or less (unfolded), sugars: sucrose, chemically pure, in solid form, not containing added flavouring or colouring matter, waters: including mineral and aerated, containing added sugar or other sweetening matter or flavoured
- Import Dependencies: Key imports from Mongolia include molybdenum ores and concentrates: other than roasted, vodka, rubber: used pneumatic tyres
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 $67.09M 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 uncoated paper and paperboard (not 4801 or 4803): printing, writing or graphic, 10% or less by weight of mechanical or chemi-mechanical processed fibre, weight 40-150g/m2, in sheets 435mm or less by 297mm or less (unfolded).
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 uncoated paper and paperboard (not 4801 or 4803): printing, writing or graphic, 10% or less by weight of mechanical or chemi-mechanical processed fibre, weight 40-150g/m2, in sheets 435mm or less by 297mm or less (unfolded)complements Mongolia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in molybdenum ores and concentrates: other than roasted.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $67.09M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $67.09M 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 $67.09 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in uncoated paper and paperboard (not 4801 or 4803): printing, writing or graphic, 10% or less by weight of mechanical or chemi-mechanical processed fibre, weight 40-150g/m2, in sheets 435mm or less by 297mm or less (unfolded) and molybdenum ores and concentrates: other than roasted demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Thailand's trade deficit of $67.09 million 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 Mongolia represents a total trade volume of $67.09 million in 2023. This partnership demonstrates an unfavorable trade balance for Thailand, with imports exceeding exportsby $67.09 million.
Export Strengths
Thailand's exports to Mongolia total $0.00, with competitive advantages in uncoated paper and paperboard (not 4801 or 4803): printing, writing or graphic, 10% or less by weight of mechanical or chemi-mechanical processed fibre, weight 40-150g/m2, in sheets 435mm or less by 297mm or less (unfolded), representing $3.64M orInfinity% of bilateral exports.
Import Dependencies
Imports from Mongolia amount to $67.09 million, highlighting economic interdependence in molybdenum ores and concentrates: other than roasted, with Molybdenum ores and concentrates: other than roasted comprising99.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Thailand's strategic sourcing from Mongolia. 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 Mongolia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023