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2023
Flag → Flag
Exports $2.59BRnk 46 / 219
2023
Flag → Flag
Top Product $214MTrunks and Cases
2023
Flag → Flag
Exports $2.3BRnk 25 / 216
2023
Flag → Flag
Top Product $268MAir Conditioners
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$7,182CURRENT US$
Rnk 102 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Italy-Thailand Trade: In 2023, Italy exported $2.59B to Thailand. The main products that Italy exported to Thailand were Trunks and Cases ($214M), Jewellery ($142M), and Packaged Medicaments ($113M). Over the past 5 years the exports of Italy to Thailand have increased at an annualized rate of 6.24%, from $1.91B in 2018 to $2.59B in 2023.

In 2020, Italy exported services to Thailand worth $76.3M, with Other business services ($17.2M), Construction services ($15.4M), and Travel ($12.7M) being the largest in terms of value.

Thailand-Italy Trade: In 2023, Thailand exported $2.3B to Italy. The main products that Thailand exported to Italy were Air Conditioners ($268M), Electrical Transformers ($196M), and Precious Stones ($152M). Over the past 5 years the exports of Thailand to Italy have increased at an annualized rate of 4.04%,  from $1.88B in 2018 to $2.3B in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €117M and imported €126M from Thailand, resulting in a negative trade balance of €9.59M. Between October 2023 and October 2024 the exports of Italy have decreased by €-4.84M (-3.98%) from €122M to €117M, while imports decreased by €-16.1M (-11.3%) from €143M to €126M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-4.84M(-3.98%)
IMPORT GROWTH (October 2023 - October 2024)€-16.1M(-11.3%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Thailand and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Thailand and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $2.59B to Thailand. The main products exported from Italy to Thailand were Trunks and Cases ($214M), Jewellery ($142M), and Packaged Medicaments ($113M). During the last 5 years the exports of Italy to Thailand have increased at an annualized rate of 6.24%, from $1.91B in 2018 to $2.59B in 2023.

In 2018, Thailand exported $2.3B to Italy. The main products exported from Thailand to Italy were Air Conditioners ($268M), Electrical Transformers ($196M), and Precious Stones ($152M). During the last 5 years the exports of Thailand to Italy have increased at an annualized rate of 4.04%, from $1.88B in 2023 to $2.3B in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Italy than Thailand included Germany ($71.4B), France ($61.1B), and Spain ($30.1B).

In 2023, countries that imported more from Thailand than Italy included China ($44.1B), Japan ($24.9B), and Malaysia ($12.5B).

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

Comparative Advantage Italy - Thailand

Flow
Scale

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

During 2023, Italy had a large net trade with Thailand in the exports of Machines ($767M), Chemical Products ($292M), and Animal Hides ($248M).

During 2018, Thailand had a large net trade with Italy in the exports of Machines ($923M), Precious Metals ($268M), and Transportation ($261M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Thailand+$49MPackaged Medicaments
Top Product Potential Thailand Italy+$64.7MMotor 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 Italy and Thailand. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Thailand. Similarly, a dot/product with the flag of Thailand indicates it has a comparative advantage over Italy.

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

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