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

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Australia-Thailand Trade: In 2023, Australia exported $6.71B to Thailand. The main products that Australia exported to Thailand were Petroleum Gas ($2.22B), Crude Petroleum ($1.16B), and Wheat ($575M). Over the past 5 years the exports of Australia to Thailand have increased at an annualized rate of 2.28%, from $5.99B in 2018 to $6.71B in 2023.

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 In N/A, Thailand did not export any products to Australia.

In 2023, Thailand did not export any services to Australia.

Comparison: In 2023, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Australia exported $6.71B to Thailand. The main products exported from Australia to Thailand were Petroleum Gas ($2.22B), Crude Petroleum ($1.16B), and Wheat ($575M). During the last 5 years the exports of Australia to Thailand have increased at an annualized rate of 9.88%, from $1.61B in 2018 to $6.71B in 2023.

Thailand does not register exports to Australia. The main products exported from Thailand to Australia were Delivery Trucks ($5.59B), Cars ($1.61B), and Air Conditioners ($957M).

Exports from Australia () to Thailand () (2023)

Exports from Thailand () to Australia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$137B

Thailand
Top DestinationUnited States$58.5B

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 2023, countries that imported more from Australia than Thailand included China ($137B), Japan ($59B), and South Korea ($20.9B).

In 2023, countries that imported more from Thailand than Australia included United States ($58.5B), Mexico ($7.46B), and Cambodia ($6.19B).

Difference in imports from Thailand () and Australia () (2023)

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 2023, Australia had a large net trade with Thailand in the exports of Mineral Products ($3.92B), Vegetable Products ($947M), and Metals ($731M).

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 () (2023)

Exports from Thailand () to Australia () (2023)

Market Competitiveness

Difference in imports from Thailand () and Australia () (2023)

Comparative Advantage Australia - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Australia () and Thailand () (2023)

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