Australia (AUS) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Australia-Thailand Trade: In 2022, Australia exported $3.69B to Thailand. The main products that Australia exported to Thailand were Petroleum Gas ($1.71B), Crude Petroleum ($1.33B), and Coal Briquettes ($559M). Over the past 5 years the exports of Australia to Thailand have increased at an annualized rate of 19.7%, from $1.5B in 2017 to $3.69B in 2022.

In 2009, Australia exported services to Thailand worth $790M, with Travel ($641M), Transportation ($114M), and Other business services ($23M) being the largest in terms of value.

Thailand-Australia Trade: In 2022, Thailand exported $11.2B to Australia. The main products that Thailand exported to Australia were Delivery Trucks ($3.66B), Cars ($2.3B), and Air Conditioners ($752M). Over the past 5 years the exports of Thailand to Australia have increased at an annualized rate of 68.5%, from $823M in 2017 to $11.2B in 2022.

In 2022, Thailand did not export any services to Australia.

Comparison: In 2022, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Australia exported $3.69B to Thailand. The main products exported from Australia to Thailand were Petroleum Gas ($1.71B), Crude Petroleum ($1.33B), and Coal Briquettes ($559M). During the last 5 years the exports of Australia to Thailand have increased at an annualized rate of 19.7%, from $1.5B in 2017 to $3.69B in 2022.

In 2017, Thailand exported $11.2B to Australia. The main products exported from Thailand to Australia were Delivery Trucks ($3.66B), Cars ($2.3B), and Air Conditioners ($752M). During the last 22 years the exports of Thailand to Australia have increased at an annualized rate of 68.5%, from $823M in 1995 to $11.2B in 2017.

Exports from Australia () to Thailand () (2022)

Exports from Thailand () to Australia () (2022)

Latest Data

Trade between Australia () and Thailand ()

Australia Exports

Date

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$123B

Thailand
Top DestinationUnited States$53.4B

This map shows whether countries import more from Australia or Thailand. Each country is colored based on the difference in imports they receive from Australia and Thailand or the difference in the growth in imports.

In 2022, countries that imported more from Australia than Thailand included China ($123B), Japan ($80.1B), and South Korea ($41B).

In 2022, countries that imported more from Thailand than Australia included United States ($53.4B), Cambodia ($8.63B), and Hong Kong ($10.9B).

Difference in imports from Thailand () and Australia () (2022)

Comparative Advantage Australia - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Australia and Thailand by product, considering products traded by both, Australia and Thailand.

During 2022, Australia had a large net trade with Thailand in the exports of Mineral Products ($3.66B), Metals ($1.03B), and Precious Metals ($547M).

During 2017, Thailand had a large net trade with Australia in the exports of Transportation ($6.46B), Machines ($2.01B), and Plastics and Rubbers ($947M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Australia Thailand+$171MPetroleum Gas

Top Product Potential Thailand Australia+$90.6MComputers

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Australia and Thailand. This means that a dot/product with the flag of Australia indicates it has a comparative advantage over Thailand. Similarly, a dot/product with the flag of Thailand indicates it has a comparative advantage over Australia.

About

Historical Data

Bilateral Trade by Products

Exports from Australia () to Thailand () (2022)

Exports from Thailand () to Australia () (2022)

Latest Data

Trade between Australia () and Thailand ()

Australia Exports

Thailand Exports

Market Competitiveness

Difference in imports from Thailand () and Australia () (2022)

Comparative Advantage Australia - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Australia () and Thailand () (2022)

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