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Pricing

2022
Flag → Flag
Exports $2.06BRnk 49 / 221
2022
Flag → Flag
Top Product $93.1MTrunks and Cases
2022
Flag → Flag
Exports $2.46BRnk 25 / 218
2022
Flag → Flag
Top Product $248MAir Conditioners
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI 0.88Rnk 29 / 124
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
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GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$6,909CURRENT US$
Rnk 93 / 186
2012-2022
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GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Italy-Thailand In 2022, Italy exported $2.06B to Thailand. The main products that Italy exported to Thailand are Trunks and Cases ($93.1M), Valves ($79.9M), and Integrated Circuits ($79.3M). During the last 27 years the exports of Italy to Thailand have increased at an annualized rate of 1.8%, from $1.27B in 1995 to $2.06B in 2022.

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 In 2022, Thailand exported $2.46B to Italy. The main products that Thailand exported to Italy were Air Conditioners ($248M), Animal Food ($183M), and Electrical Transformers ($147M). During the last 27 years the exports of Thailand to Italy have increased at an annualized rate of 4.88%, from $680M in 1995 to $2.46B in 2022.

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

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.88), and 27 in total exports ($312B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €127M and imported €86.9M from Thailand, resulting in a positive trade balance of €40.3M. Between December 2022 and December 2023 the exports of Italy have increased by €10.9M (9.38%) from €116M to €127M, while imports decreased by €-65.8M (-43.1%) from €153M to €86.9M.

Trade In December 2023, the top exports of Italy to Thailand were Jewellery (€23.7M), Trunks and Cases (€7.75M), Cars (€6.29M), Integrated Circuits (€5.64M), and Packaged Medicaments (€4.21M). In December 2023 the top imports of Italy from Thailand were Air Conditioners (€19.5M), Electrical Transformers (€14.2M), Telephones (€11.5M), Precious Stones (€10.2M), and Motorcycles and cycles (€7.06M).

Growth In December 2023, the increase in Italy's year-by-year exports to Thailand was explained primarily by an increase in product exports in Jewellery (€20.3M or 603%), Cars (€4.78M or 316%), and Trunks and Cases (€4.01M or 107%). In December 2023, the decrease in Italy's year-by-year imports  from Thailand was explained primarily by an decrease in product imports  in Animal Food (€-3.95M or -40.7%), Molluscs (€-3.15M or -42.2%), and Cars (€-1.97M or -70.9%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€10.9M(9.38%)
IMPORT GROWTH (December 2022 - December 2023)€-65.8M(-43.1%)

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.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $2.06B to Thailand. The main products exported from Italy to Thailand were Trunks and Cases ($93.1M), Valves ($79.9M), and Integrated Circuits ($79.3M). During the last 27 years the exports of Italy to Thailand have increased at an annualized rate of 1.8%, from $1.27B in 1995 to $2.06B in 2022.

In 2022, Thailand exported $2.46B to Italy. The main products exported from Thailand to Italy were Air Conditioners ($248M), Animal Food ($183M), and Electrical Transformers ($147M). During the last 27 years the exports of Thailand to Italy have increased at an annualized rate of 4.88%, from $680M in 1995 to $2.46B in 2022.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Thailand
Top DestinationUnited States$53.4B

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 2021, countries that imported more from Italy than Thailand were Germany ($78.5B), France ($63.8B), and Spain ($32.8B).

In 2021, countries that imported more from Thailand than Italy were China ($35.3B), Japan ($24.6B), and Vietnam ($13.4B).

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

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 2022, Italy had a large net trade with Thailand in the exports of Machines ($746M), Chemical Products ($213M), and Transportation ($182M).

During 2022, Thailand had a large net trade with Italy in the exports of Machines ($848M), Plastics and Rubbers ($325M), and Precious Metals ($241M).

Service Trade

Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to Thailand (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Thailand. Similarly, the more yellow a dot/product is, the more Thailand has comparative advantage over Italy.

Product Space of Italy (Flag) and Thailand (Flag) (2022)

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