diff --git a/all.jsonnet b/all.jsonnet
index 7f34237d..d9e73f54 100644
--- a/all.jsonnet
+++ b/all.jsonnet
@@ -27,10 +27,25 @@ local commonConfig = {
       },
     },
   },
+  // This enables jaeger tracing for all components, as commonConfig is shared
+  tracing+: {
+    type: 'JAEGER',
+    config+: {
+      sampler_type: 'ratelimiting',
+      sampler_param: 2,
+    },
+  },
 };
 
 local b = t.bucket(commonConfig {
   replicas: 1,
+
+  // Example on how to overwrite the tracing config on a per component basis
+  // tracing+: {
+  //   config+: {
+  //     service_name: 'awesome-thanos-bucket',
+  //   },
+  // },
 });
 
 local c = t.compact(commonConfig {
diff --git a/examples/all/manifests/thanos-bucket-deployment.yaml b/examples/all/manifests/thanos-bucket-deployment.yaml
index 684e9a90..afca65a9 100644
--- a/examples/all/manifests/thanos-bucket-deployment.yaml
+++ b/examples/all/manifests/thanos-bucket-deployment.yaml
@@ -30,6 +30,12 @@ spec:
         - web
         - --log.level=info
         - --objstore.config=$(OBJSTORE_CONFIG)
+        - |-
+          --tracing.config="config":
+            "sampler_param": 2
+            "sampler_type": "ratelimiting"
+            "service_name": "thanos-bucket"
+          "type": "JAEGER"
         env:
         - name: OBJSTORE_CONFIG
           valueFrom:
diff --git a/examples/all/manifests/thanos-compact-statefulSet.yaml b/examples/all/manifests/thanos-compact-statefulSet.yaml
index 361c5273..afd8e85f 100644
--- a/examples/all/manifests/thanos-compact-statefulSet.yaml
+++ b/examples/all/manifests/thanos-compact-statefulSet.yaml
@@ -39,6 +39,12 @@ spec:
         - --downsampling.disable
         - --deduplication.replica-label=prometheus_replica
         - --deduplication.replica-label=rule_replica
+        - |-
+          --tracing.config="config":
+            "sampler_param": 2
+            "sampler_type": "ratelimiting"
+            "service_name": "thanos-compact"
+          "type": "JAEGER"
         env:
         - name: OBJSTORE_CONFIG
           valueFrom:
diff --git a/examples/all/manifests/thanos-query-deployment.yaml b/examples/all/manifests/thanos-query-deployment.yaml
index 32d44704..eb242038 100644
--- a/examples/all/manifests/thanos-query-deployment.yaml
+++ b/examples/all/manifests/thanos-query-deployment.yaml
@@ -50,6 +50,12 @@ spec:
         - --store=dnssrv+_grpc._tcp.thanos-store.thanos.svc.cluster.local
         - --query.timeout=5m
         - --query.lookback-delta=15m
+        - |-
+          --tracing.config="config":
+            "sampler_param": 2
+            "sampler_type": "ratelimiting"
+            "service_name": "thanos-query"
+          "type": "JAEGER"
         image: quay.io/thanos/thanos:v0.16.0
         livenessProbe:
           failureThreshold: 4
diff --git a/examples/all/manifests/thanos-query-frontend-deployment.yaml b/examples/all/manifests/thanos-query-frontend-deployment.yaml
index 6038b205..1e08b629 100644
--- a/examples/all/manifests/thanos-query-frontend-deployment.yaml
+++ b/examples/all/manifests/thanos-query-frontend-deployment.yaml
@@ -72,6 +72,12 @@ spec:
             "max_idle_connections": 100
             "timeout": "500ms"
           "type": "memcached"
+        - |-
+          --tracing.config="config":
+            "sampler_param": 2
+            "sampler_type": "ratelimiting"
+            "service_name": "thanos-query-frontend"
+          "type": "JAEGER"
         image: quay.io/thanos/thanos:v0.16.0
         livenessProbe:
           failureThreshold: 4
diff --git a/examples/all/manifests/thanos-receive-statefulSet.yaml b/examples/all/manifests/thanos-receive-statefulSet.yaml
index 2f18c809..6441450f 100644
--- a/examples/all/manifests/thanos-receive-statefulSet.yaml
+++ b/examples/all/manifests/thanos-receive-statefulSet.yaml
@@ -72,6 +72,12 @@ spec:
         - --tsdb.retention=15d
         - --receive.local-endpoint=$(NAME).thanos-receive.$(NAMESPACE).svc.cluster.local:10901
         - --receive.hashrings-file=/var/lib/thanos-receive/hashrings.json
+        - |-
+          --tracing.config="config":
+            "sampler_param": 2
+            "sampler_type": "ratelimiting"
+            "service_name": "thanos-receive"
+          "type": "JAEGER"
         env:
         - name: NAME
           valueFrom:
diff --git a/examples/all/manifests/thanos-rule-statefulSet.yaml b/examples/all/manifests/thanos-rule-statefulSet.yaml
index 55940889..cc47d944 100644
--- a/examples/all/manifests/thanos-rule-statefulSet.yaml
+++ b/examples/all/manifests/thanos-rule-statefulSet.yaml
@@ -37,6 +37,12 @@ spec:
         - --query=dnssrv+_http._tcp.thanos-query.thanos.svc.cluster.local
         - --alertmanagers.url=alertmanager:9093
         - --rule-file=/etc/thanos/rules/test/test
+        - |-
+          --tracing.config="config":
+            "sampler_param": 2
+            "sampler_type": "ratelimiting"
+            "service_name": "thanos-rule"
+          "type": "JAEGER"
         env:
         - name: NAME
           valueFrom:
diff --git a/examples/all/manifests/thanos-store-statefulSet.yaml b/examples/all/manifests/thanos-store-statefulSet.yaml
index 525cbcf6..96d13d21 100644
--- a/examples/all/manifests/thanos-store-statefulSet.yaml
+++ b/examples/all/manifests/thanos-store-statefulSet.yaml
@@ -87,6 +87,12 @@ spec:
           "metafile_exists_ttl": "2h"
           "metafile_max_size": "1MiB"
           "type": "memcached"
+        - |-
+          --tracing.config="config":
+            "sampler_param": 2
+            "sampler_type": "ratelimiting"
+            "service_name": "thanos-store"
+          "type": "JAEGER"
         env:
         - name: OBJSTORE_CONFIG
           valueFrom:
diff --git a/jsonnet/kube-thanos/kube-thanos-bucket.libsonnet b/jsonnet/kube-thanos/kube-thanos-bucket.libsonnet
index a6519a40..db159503 100644
--- a/jsonnet/kube-thanos/kube-thanos-bucket.libsonnet
+++ b/jsonnet/kube-thanos/kube-thanos-bucket.libsonnet
@@ -10,6 +10,7 @@ local defaults = {
   ports: {
     http: 10902,
   },
+  tracing: {},
 
   commonLabels:: {
     'app.kubernetes.io/name': 'thanos-bucket',
@@ -69,7 +70,13 @@ function(params) {
         'web',
         '--log.level=' + tb.config.logLevel,
         '--objstore.config=$(OBJSTORE_CONFIG)',
-      ],
+      ] + (
+        if std.length(tb.config.tracing) > 0 then [
+          '--tracing.config=' + std.manifestYamlDoc(
+            { config+: { service_name: defaults.name } } + tb.config.tracing
+          ),
+        ] else []
+      ),
       env: [
         { name: 'OBJSTORE_CONFIG', valueFrom: { secretKeyRef: {
           key: tb.config.objectStorageConfig.key,
diff --git a/jsonnet/kube-thanos/kube-thanos-compact.libsonnet b/jsonnet/kube-thanos/kube-thanos-compact.libsonnet
index aade9f0d..afe18b9d 100644
--- a/jsonnet/kube-thanos/kube-thanos-compact.libsonnet
+++ b/jsonnet/kube-thanos/kube-thanos-compact.libsonnet
@@ -18,6 +18,7 @@ local defaults = {
   ports: {
     http: 10902,
   },
+  tracing: {},
 
   commonLabels:: {
     'app.kubernetes.io/name': 'thanos-compact',
@@ -93,6 +94,12 @@ function(params) {
             '--deduplication.replica-label=' + l
             for l in tc.config.deduplicationReplicaLabels
           ] else []
+      ) + (
+        if std.length(tc.config.tracing) > 0 then [
+          '--tracing.config=' + std.manifestYamlDoc(
+            { config+: { service_name: defaults.name } } + tc.config.tracing
+          ),
+        ] else []
       ),
       env: [
         { name: 'OBJSTORE_CONFIG', valueFrom: { secretKeyRef: {
diff --git a/jsonnet/kube-thanos/kube-thanos-query-frontend.libsonnet b/jsonnet/kube-thanos/kube-thanos-query-frontend.libsonnet
index 4ad48a20..67ad75e8 100644
--- a/jsonnet/kube-thanos/kube-thanos-query-frontend.libsonnet
+++ b/jsonnet/kube-thanos/kube-thanos-query-frontend.libsonnet
@@ -17,7 +17,7 @@ local defaults = {
       max_size: '0',  // Don't limit maximum item size.
       max_size_items: 2048,
       validity: '6h',
-    }
+    },
   },
   queryRangeCache: {},
   labelsCache: {},
@@ -27,6 +27,7 @@ local defaults = {
   ports: {
     http: 9090,
   },
+  tracing: {},
 
   memcachedDefaults+:: {
     config+: {
@@ -72,7 +73,7 @@ function(params) {
       if std.objectHas(params, 'labelsCache') && params.labelsCache.type == 'memcached' then
         defaults.memcachedDefaults + params.labelsCache
       else if std.objectHas(params, 'labelsCache') && params.labelsCache.type == 'in-memory' then
-        defaults.fifoCache + params.labelsCache   
+        defaults.fifoCache + params.labelsCache
       else {},
   },
   // Safety checks for combined config of defaults and params
@@ -132,6 +133,12 @@ function(params) {
             tqf.config.labelsCache
           ),
         ] else []
+      ) + (
+        if std.length(tqf.config.tracing) > 0 then [
+          '--tracing.config=' + std.manifestYamlDoc(
+            { config+: { service_name: defaults.name } } + tqf.config.tracing
+          ),
+        ] else []
       ),
       ports: [
         { name: name, containerPort: tqf.config.ports[name] }
diff --git a/jsonnet/kube-thanos/kube-thanos-query.libsonnet b/jsonnet/kube-thanos/kube-thanos-query.libsonnet
index 3ebec306..ac2cf4bb 100644
--- a/jsonnet/kube-thanos/kube-thanos-query.libsonnet
+++ b/jsonnet/kube-thanos/kube-thanos-query.libsonnet
@@ -20,6 +20,7 @@ local defaults = {
   },
   serviceMonitor: false,
   logLevel: 'info',
+  tracing: {},
 
   commonLabels:: {
     'app.kubernetes.io/name': 'thanos-query',
@@ -104,6 +105,12 @@ function(params) {
           if tq.config.lookbackDelta != '' then [
             '--query.lookback-delta=' + tq.config.lookbackDelta,
           ] else []
+        ) + (
+          if std.length(tq.config.tracing) > 0 then [
+            '--tracing.config=' + std.manifestYamlDoc(
+              { config+: { service_name: defaults.name } } + tq.config.tracing
+            ),
+          ] else []
         ),
       ports: [
         { name: port.name, containerPort: port.port }
diff --git a/jsonnet/kube-thanos/kube-thanos-receive.libsonnet b/jsonnet/kube-thanos/kube-thanos-receive.libsonnet
index 186ecd89..972a9363 100644
--- a/jsonnet/kube-thanos/kube-thanos-receive.libsonnet
+++ b/jsonnet/kube-thanos/kube-thanos-receive.libsonnet
@@ -22,6 +22,7 @@ local defaults = {
     http: 10902,
     'remote-write': 19291,
   },
+  tracing: {},
 
   commonLabels:: {
     'app.kubernetes.io/name': 'thanos-receive',
@@ -101,6 +102,12 @@ function(params) {
         if tr.config.hashringConfigMapName != '' then [
           '--receive.hashrings-file=/var/lib/thanos-receive/hashrings.json',
         ] else []
+      ) + (
+        if std.length(tr.config.tracing) > 0 then [
+          '--tracing.config=' + std.manifestYamlDoc(
+            { config+: { service_name: defaults.name } } + tr.config.tracing
+          ),
+        ] else []
       ),
       env: [
         { name: 'NAME', valueFrom: { fieldRef: { fieldPath: 'metadata.name' } } },
diff --git a/jsonnet/kube-thanos/kube-thanos-rule.libsonnet b/jsonnet/kube-thanos/kube-thanos-rule.libsonnet
index dbc084ab..bf036ce3 100644
--- a/jsonnet/kube-thanos/kube-thanos-rule.libsonnet
+++ b/jsonnet/kube-thanos/kube-thanos-rule.libsonnet
@@ -20,6 +20,7 @@ local defaults = {
     grpc: 10901,
     http: 10902,
   },
+  tracing: {},
 
   commonLabels:: {
     'app.kubernetes.io/name': 'thanos-rule',
@@ -93,10 +94,19 @@ function(params) {
         (['--query=%s' % querier for querier in tr.config.queriers]) +
         (['--rule-file=%s' % path for path in tr.config.ruleFiles]) +
         (['--alertmanagers.url=%s' % url for url in tr.config.alertmanagersURLs]) +
-        (if std.length(tr.config.rulesConfig) > 0 then [
-           '--rule-file=/etc/thanos/rules/' + ruleConfig.name + '/' + ruleConfig.key
-           for ruleConfig in tr.config.rulesConfig
-         ] else []),
+        (
+          if std.length(tr.config.rulesConfig) > 0 then [
+            '--rule-file=/etc/thanos/rules/' + ruleConfig.name + '/' + ruleConfig.key
+            for ruleConfig in tr.config.rulesConfig
+          ]
+          else []
+        ) + (
+          if std.length(tr.config.tracing) > 0 then [
+            '--tracing.config=' + std.manifestYamlDoc(
+              { config+: { service_name: defaults.name } } + tr.config.tracing
+            ),
+          ] else []
+        ),
       env: [
         { name: 'NAME', valueFrom: { fieldRef: { fieldPath: 'metadata.name' } } },
         { name: 'OBJSTORE_CONFIG', valueFrom: { secretKeyRef: {
diff --git a/jsonnet/kube-thanos/kube-thanos-store.libsonnet b/jsonnet/kube-thanos/kube-thanos-store.libsonnet
index 472a2234..ca3f4925 100644
--- a/jsonnet/kube-thanos/kube-thanos-store.libsonnet
+++ b/jsonnet/kube-thanos/kube-thanos-store.libsonnet
@@ -20,6 +20,7 @@ local defaults = {
     grpc: 10901,
     http: 10902,
   },
+  tracing: {},
 
   memcachedDefaults+:: {
     config+: {
@@ -134,6 +135,12 @@ function(params) {
         if std.length(ts.config.bucketCache) > 0 then [
           '--store.caching-bucket.config=' + std.manifestYamlDoc(ts.config.bucketCache),
         ] else []
+      ) + (
+        if std.length(ts.config.tracing) > 0 then [
+          '--tracing.config=' + std.manifestYamlDoc(
+            { config+: { service_name: defaults.name } } + ts.config.tracing
+          ),
+        ] else []
       ),
       env: [
         { name: 'OBJSTORE_CONFIG', valueFrom: { secretKeyRef: {