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2023
Flag → Flag
Exports $423MRnk 48 / 213
2023
Flag → Flag
Top Product $22.3MPrecious Metal Compounds
2023
Flag → Flag
Exports $836MRnk 40 / 216
2023
Flag → Flag
Top Product $84.5MMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag
Economic Complexity (ECI) ECI 1.56Rnk 8 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH20%CURRENT US$
Rnk 141 / 195
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
GDP PC $56,034CURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP PC GROWTH11.4%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC$7,182CURRENT US$
Rnk 102 / 196
2013-2023
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GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Austria-Thailand Trade: In 2023, Austria exported $423M to Thailand. The main products that Austria exported to Thailand were Precious Metal Compounds ($22.3M), Rubberworking Machinery ($22.1M), and Synthetic Reconstructed Jewellery Stones ($21.1M). Over the past 5 years the exports of Austria to Thailand have increased at an annualized rate of 1.59%, from $391M in 2018 to $423M in 2023.

In 2020, Austria exported services to Thailand worth $46.8M, with Other business services ($13.7M), Transportation ($11.4M), and Travel ($8M) being the largest in terms of value.

Thailand-Austria Trade: In 2023, Thailand exported $836M to Austria. The main products that Thailand exported to Austria were Motor vehicles; parts and accessories (8701 to 8705) ($84.5M), Cars ($57.1M), and Integrated Circuits ($53.1M). Over the past 5 years the exports of Thailand to Austria have increased at an annualized rate of 2.95%,  from $723M in 2018 to $836M in 2023.

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

Comparison: In 2023,  Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). 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
Value

In 2023, Austria exported $423M to Thailand. The main products exported from Austria to Thailand were Precious Metal Compounds ($22.3M), Rubberworking Machinery ($22.1M), and Synthetic Reconstructed Jewellery Stones ($21.1M). During the last 5 years the exports of Austria to Thailand have increased at an annualized rate of 1.59%, from $391M in 2018 to $423M in 2023.

In 2018, Thailand exported $836M to Austria. The main products exported from Thailand to Austria were Motor vehicles; parts and accessories (8701 to 8705) ($84.5M), Cars ($57.1M), and Integrated Circuits ($53.1M). During the last 5 years the exports of Thailand to Austria have increased at an annualized rate of 2.95%, from $723M in 2023 to $836M in 2018.

Exports from Austria (Flag) to Thailand (Flag) (2023)

Exports from Thailand (Flag) to Austria (Flag) (2023)

Latest Data

Trade between Austria (Flag) and Thailand (Flag)

Austria Exports

Thailand Exports

Market Competitiveness

Color
Austria
Top DestinationGermany$51B
Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Austria than Thailand included Germany ($51B), Italy ($13.5B), and Hungary ($8.42B).

In 2023, countries that imported more from Thailand than Austria included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

Difference in imports from Thailand (Flag) and Austria (Flag) (2023)

Comparative Advantage Austria - Thailand

Flow
Scale

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

During 2023, Austria had a large net trade with Thailand in the exports of Machines ($142M), Chemical Products ($62.7M), and Transportation ($57.5M).

During 2018, Thailand had a large net trade with Austria in the exports of Machines ($252M), Transportation ($179M), and Precious Metals ($125M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Thailand+$22.6MTelephones
Top Product Potential Thailand Austria+$43.2MMotor vehicles; parts and accessories (8701 to 8705)

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

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

Product Space of Austria (Flag) and Thailand (Flag) (2023)

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