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Trade between Spain and Thailand

In 2024, Spain exported $776 million to Thailand and imported $1.8 billion. Spain ran a deficit of $998 million with Thailand, compared with a deficit of $597 million in 2019. Thailand was Spain’s 49th largest trading partner (0.3% of its trade), and Spain was Thailand’s 31st (0.4%).

Summary

Spain → Thailand
$776million
Thailand → Spain
$1.8billion
Spain’s balance
-$998million

Balance

Spain’s trade balance with Thailand

Trade between Spain and Thailand grew 2.9-fold since 1995

USD billions (current). Spain’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 0.8
  • Imports 1.8
  • Balance -1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$311 million$557 million-$246 million
1996$371 million$623 million-$252 million
1997$311 million$640 million-$328 million
1998$175 million$737 million-$563 million
1999$172 million$877 million-$705 million
2000$186 million$878 million-$692 million
2001$287 million$870 million-$584 million
2002$237 million$815 million-$577 million
2003$257 million$1.1 billion-$802 million
2004$308 million$1.2 billion-$923 million
2005$363 million$1.5 billion-$1.1 billion
2006$377 million$1.5 billion-$1.1 billion
2007$445 million$1.7 billion-$1.3 billion
2008$559 million$2 billion-$1.5 billion
2009$431 million$1.3 billion-$830 million
2010$490 million$1.5 billion-$1 billion
2011$607 million$1.6 billion-$989 million
2012$647 million$1.1 billion-$471 million
2013$712 million$1.1 billion-$367 million
2014$648 million$1.2 billion-$502 million
2015$525 million$1.1 billion-$561 million
2016$656 million$1.3 billion-$663 million
2017$733 million$1.3 billion-$602 million
2018$802 million$1.5 billion-$659 million
2019$799 million$1.4 billion-$597 million
2020$687 million$1.2 billion-$478 million
2021$728 million$1.5 billion-$797 million
2022$747 million$1.7 billion-$934 million
2023$786 million$1.5 billion-$742 million
2024$776 million$1.8 billion-$998 million

What they sell each other

What Spain sells to Thailand

The top 10 headings in 2024, with their share of the total.

  1. Medicines in measured doses or retail packs$47 million · 6%
    593 tonnes · Spain’s destinations
  2. Aluminum scrap$33 million · 4.3%
    22 thousand tonnes
  3. Olive oil$30 million · 3.8%
    3 thousand tonnes · Spain’s destinations
  4. Auto parts$26 million · 3.3%
    2 thousand tonnes · Spain’s destinations
  5. Unwrought zinc$24 million · 3.2%
    9 thousand tonnes · Spain’s destinations
  6. Bags, suitcases and cases$22 million · 2.9%
    114 tonnes
  7. Meat and fish meal$22 million · 2.8%
    39 thousand tonnes
  8. Spark-ignition engines$20 million · 2.5%
    1 thousand tonnes
  9. Vaccines, blood and antisera$15 million · 2%
    426 tonnes · Spain’s destinations
  10. Perfumes$14 million · 1.7%
    250 tonnes · Spain’s destinations

What Thailand sells to Spain

The top 10 headings in 2024, with their share of the total.

  1. Air conditioners$203 million · 11.4%
    15 thousand tonnes · Thailand’s destinations
  2. Jewelry$157 million · 8.8%
    26 tonnes · Thailand’s destinations
  3. Computer and office machine parts$120 million · 6.8%
    3 thousand tonnes
  4. Natural rubber$119 million · 6.7%
    61 thousand tonnes · Thailand’s destinations
  5. Motorcycles$98 million · 5.5%
    4 thousand tonnes · Thailand’s destinations
  6. Computers$94 million · 5.3%
    444 tonnes · Thailand’s destinations
  7. New tires$64 million · 3.6%
    17 thousand tonnes · Thailand’s destinations
  8. Cameras and broadcast equipment$51 million · 2.9%
    234 tonnes
  9. T-shirts$50 million · 2.8%
    429 tonnes
  10. Citric, lactic and other carboxylic acids$47 million · 2.7%
    40 thousand tonnes

How it travels

Estimated sea route from Valencia to Laem Chabang.

The estimated sea route between Valencia and Laem Chabang is 12,117 nautical miles (22,441 km) long: ≈ 28–36 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Gibraltar, the Cape of Good Hope and the Strait of Malacca and Singapore (12,117 nautical miles); and 15% via the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (7,720 nautical miles).

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$1.7 billion · 68.6%
  2. Air$802 million · 31.4%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Thailand was Spain’s 49th largest trading partner (0.3% of its trade), and Spain was Thailand’s 31st (0.4%).

Thailand in Spain’s trade
0.3%
Thailand’s rank among Spain’s partners
49th
Spain in Thailand’s trade
0.4%
Spain’s rank among Thailand’s partners
31st

Compare with

Other partners of Spain

Other partners of Thailand

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.