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United Kingdom-Thailand Bilateral Trade Analysis 2023

Complete trade statistics: $7.91B total volume •United Kingdom deficit: $2.69B

United Kingdom → Thailand

$2.61B

Exports (2023)

Thailand → United Kingdom

$5.30B

Imports (2023)

Trade Balance

$2.69B

Deficit for United Kingdom

Total Trade

$7.91B

Combined Volume

Trade Flow Visualization

Direct trade relationship between United Kingdom and Thailand. Green line shows exports from United Kingdom, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the United Kingdom-Thailand commercial relationship and competitive positioning in global markets.

United Kingdom → Thailand Exports

$2.61B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
27.8% top product
1Turbo-jets: of a thrust exceeding 25kN
$725.41M
27.8% of exports
2Electronic integrated circuits: n.e.c. in heading no. 8542
$209.94M
8.0% of exports
3Engines: compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of a kind used for the propulsion of vehicles of chapter 87
$199.70M
7.7% of exports
4Aluminium: waste and scrap
$70.33M
2.7% of exports
5Whiskies
$65.11M
2.5% of exports
6Iron or steel: articles n.e.c. in heading 7326
$54.82M
2.1% of exports
7Vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 3000cc
$41.79M
1.6% of exports
8Paper or paperboard: waste and scrap, of unbleached kraft paper or paperboard or corrugated paper or paperboard
$37.38M
1.4% of exports
9Turbines: parts of turbo-jets and turbo-propellers
$37.32M
1.4% of exports
10Vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, capable of being charged by plugging to external source of electric power
$32.39M
1.2% of exports

🎯 Strategic Export Focus

United Kingdom's export portfolio to Thailand demonstrates strong diversification across multiple sectors, with turbo-jets: of a thrust exceeding 25kn representing a key competitive advantage in this bilateral market.

Thailand → United Kingdom Imports

$5.30B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
14.0% concentration
1Meat preparations: of the poultry of heading no. 0105, (i.e. of fowls of the species Gallus domesticus)
$743.41M
14.0% of imports
2Aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg
$216.23M
4.1% of imports
3Vehicles: spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. not exceeding 5 tonnes), n.e.c. in item no 8704.1
$205.64M
3.9% of imports
4Communication 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
$194.74M
3.7% of imports
5Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof
$167.70M
3.2% of imports
6Units of automatic data processing machines: storage units
$162.29M
3.1% of imports
7Jewellery: of silver, whether or not plated or clad with other precious metal, and parts thereof
$154.93M
2.9% of imports
8Motorcycles (including mopeds) and cycles: fitted with auxiliary motor, with reciprocating internal combustion piston engine of a cylinder capacity exceeding 800cc, with or without side-cars: side-cars
$148.10M
2.8% of imports
9Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1
$138.37M
2.6% of imports
10Television cameras, digital cameras and video camera recorders
$125.48M
2.4% of imports

📦 Import Strategy Analysis

United Kingdom's import pattern from Thailand reveals significant dependencyin meat preparations: of the poultry of heading no. 0105, (i.e. of fowls of the species gallus domesticus), highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

United Kingdom demonstrates competitive strength in exportingturbo-jets: of a thrust exceeding 25kn to Thailand, 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 $7.91B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Significant Partnership

Executive Summary: United Kingdom-Thailand Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $7.91 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: United Kingdom maintains a deficit of $2.69 billion
  • Export Focus: United Kingdom's primary exports include turbo-jets: of a thrust exceeding 25kn, electronic integrated circuits: n.e.c. in heading no. 8542, engines: compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of a kind used for the propulsion of vehicles of chapter 87
  • Import Dependencies: Key imports from Thailand include meat preparations: of the poultry of heading no. 0105, (i.e. of fowls of the species gallus domesticus), aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg, vehicles: spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. not exceeding 5 tonnes), n.e.c. in item no 8704.1

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationDiversified
Trade Balance HealthImbalanced

📈 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 $7.91B 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 United Kingdom leveraging its comparative advantages in turbo-jets: of a thrust exceeding 25kn.

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

United Kingdom's specialization in turbo-jets: of a thrust exceeding 25kncomplements Thailand's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in meat preparations: of the poultry of heading no. 0105, (i.e. of fowls of the species gallus domesticus).

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $7.91B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyHigh
🔮

Trade Relationship Outlook

The $7.91B 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 $7.91 billion bilateral trade volume represents a important trade relationshipfor both economies.

Economic Significance: Moderate
🏭

Industrial Integration

Trade flows in turbo-jets: of a thrust exceeding 25kn and meat preparations: of the poultry of heading no. 0105, (i.e. of fowls of the species gallus domesticus) demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

United Kingdom's trade deficit of $2.69 billion impacts its overall economic position in this bilateral relationship.

Balance Impact: Import Dependency

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in electronic integrated circuits: n.e.c. in heading no. 8542 present expansion opportunities.
Market Diversification
Beyond current focus on meat preparations: of the poultry of heading no. 0105, (i.e. of fowls of the species gallus domesticus), new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
Moderate concentration in key sectors requires monitoring
Market Competition
Global competition in turbo-jets: of a thrust exceeding 25kn 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 United Kingdom and Thailand represents a total trade volume of $7.91 billion in 2023. This partnership demonstrates an unfavorable trade balance for United Kingdom, with imports exceeding exportsby $2.69 billion.

Export Strengths

United Kingdom's exports to Thailand total $2.61 billion, with competitive advantages in turbo-jets: of a thrust exceeding 25kn, representing $725.41M or27.8% of bilateral exports.

Import Dependencies

Imports from Thailand amount to $5.30 billion, highlighting economic interdependence in meat preparations: of the poultry of heading no. 0105, (i.e. of fowls of the species gallus domesticus), with Meat preparations: of the poultry of heading no. 0105, (i.e. of fowls of the species Gallus domesticus) comprising14.0% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates United Kingdom's strategic sourcing from Thailand. 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 United Kingdom and Thailand in multiple formats.

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