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Pricing

2022
Flag → Flag
Exports $356MRnk 47 / 217
2022
Flag → Flag
Top Product $23.1MIntegrated Circuits
2022
Flag → Flag
Exports $422MRnk 53 / 218
2022
Flag → Flag
Top Product $59.9MScented Mixtures
2022
Flag
Economic Complexity (ECI) ECI 1.5Rnk 8 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
GDP PC $52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH7.34%CURRENT US$
Rnk 124 / 186
2022
Flag
GDP PC$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Austria-Thailand Trade: In 2022, Austria exported $356M to Thailand. The main products that Austria exported to Thailand were Integrated Circuits ($23.1M), Broadcasting Equipment ($21.3M), and Synthetic Reconstructed Jewellery Stones ($19.2M). Over the past 5 years the exports of Austria to Thailand have increased at an annualized rate of 0.88%, from $341M in 2017 to $356M in 2022.

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 2022, Thailand exported $422M to Austria. The main products that Thailand exported to Austria were Scented Mixtures ($59.9M), Imitation Jewellery ($29.6M), and Motor vehicles; parts and accessories (8701 to 8705) ($29.4M). Over the past 5 years the exports of Thailand to Austria have decreased at an annualized rate of 1.37%,  from $465M in 2017 to $422M in 2022.

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

Comparison: In 2022,  Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). 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
Value

In 2022, Austria exported $356M to Thailand. The main products exported from Austria to Thailand were Integrated Circuits ($23.1M), Broadcasting Equipment ($21.3M), and Synthetic Reconstructed Jewellery Stones ($19.2M). During the last 5 years the exports of Austria to Thailand have increased at an annualized rate of 0.88%, from $341M in 2017 to $356M in 2022.

In 2017, Thailand exported $422M to Austria. The main products exported from Thailand to Austria were Scented Mixtures ($59.9M), Imitation Jewellery ($29.6M), and Motor vehicles; parts and accessories (8701 to 8705) ($29.4M). During the last 5 years the exports of Thailand to Austria have decreased at an annualized rate of 1.37%, from $465M in 2022 to $422M in 2017.

Exports from Austria (Flag) to Thailand (Flag) (2022)

Exports from Thailand (Flag) to Austria (Flag) (2022)

Latest Data

Trade between Austria (Flag) and Thailand (Flag)

Austria Exports

Thailand Exports

Market Competitiveness

Color
Austria
Top DestinationGermany$57.7B
Thailand
Top DestinationUnited States$53.4B

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 2022, countries that imported more from Austria than Thailand included Germany ($57.7B), Italy ($13.6B), and Hungary ($10.4B).

In 2022, countries that imported more from Thailand than Austria included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

Difference in imports from Thailand (Flag) and Austria (Flag) (2022)

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 2022, Austria had a large net trade with Thailand in the exports of Machines ($124M), Transportation ($53M), and Chemical Products ($50.3M).

During 2017, Thailand had a large net trade with Austria in the exports of Machines ($125M), Precious Metals ($90.1M), and Chemical Products ($63.3M).

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) (2022)

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