Thailand and Russia Strengthen Trade Ties, Advancing Strategic Economic Cooperation

Thailand and Russia are moving to deepen their economic partnership with a joint objective to expand bilateral trade, currently valued at around USD 1.5 billion. Both sides recognize significant growth potential, particularly in Thai exports such as agricultural products, processed foods, pharmaceuticals, and high-value goods like gems and jewelry, which continue to perform well in the
Russian market.

The two countries are also exploring ways to enhance trade facilitation, including smoother customs procedures and improved logistics connections. These measures aim to widen market access for Thai exporters and strengthen distribution channels across key Russian cities, ensuring that quality Thai products reach consumers more efficiently amid shifting global economic conditions.

Investment cooperation has emerged as another promising area, with opportunities identified in hospitality, restaurants, technology, innovation, filmmaking, and creative industries. Both sides view these sectors as high-potential fields that could support long-term economic growth, paving the way for deeper strategic collaboration beyond traditional trade.