Donald Trump, the presumptive next U.S. President, has pledged to negotiate an end to the Russia-Ukraine war, potentially affecting global trade dynamics.

Trump plans to engage with Russian President Vladimir Putin to bring about peace, though the specifics remain unclear.

Russia is a vital trade partner for Thailand, and an end to the conflict could bolster their economic relations.

Before the war, Thai-Russian trade was thriving.

In 2022, trade was valued at 64.6 billion baht, marking Thailand as an importer of 44.3 billion baht and an exporter of 20.3 billion, resulting in a 24 billion baht trade deficit.

However, by 2023, due to the conflict, trade fell 18.47% to 52.6 billion baht, shifting to a 4.2 billion baht surplus, as exports soared by 40.10% and imports plummeted by 45.32%.

In 2024, trade increased by 15.12% in the first nine months to 42.5 billion baht.

Major Thai exports included rubber products and processed seafood, while imports mainly consisted of fertilizers and chemicals.

Trade data suggests recovery amid ongoing conflict; however, peace could further enhance this relationship.

Ending the war may lead to broader economic opportunities between Thailand and Russia, significantly benefiting Thailand’s trade spectrum.