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2023
Flag → Flag
Exports $13.5BRnk 4 / 216
2023
Flag → Flag
Top Product $5.59BDelivery Trucks
2023
Flag → Flag
Exports $6.71BRnk 12 / 211
2023
Flag → Flag
Top Product $2.22BPetroleum Gas
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.28Rnk 75 / 132
2023
Flag  
GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
 GDP$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC $7,182CURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195
2023
Flag
GDP PC$64,821CURRENT US$
Rnk 16 / 196
2013-2023
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GDP PC GROWTH-4.94%CURRENT US$
Rnk 159 / 195

About

Thailand-Australia Trade: In 2023, Thailand exported $13.5B to Australia. The main products that Thailand exported to Australia were Delivery Trucks ($5.59B), Cars ($1.61B), and Air Conditioners ($957M). Over the past 5 years the exports of Thailand to Australia have increased at an annualized rate of 3.29%, from $11.5B in 2018 to $13.5B in 2023.

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

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Thailand exported $13.5B to Australia. The main products exported from Thailand to Australia were Delivery Trucks ($5.59B), Cars ($1.61B), and Air Conditioners ($957M). During the last 5 years the exports of Thailand to Australia have increased at an annualized rate of 3.29%, from $11.5B in 2018 to $13.5B in 2023.

In 2018, 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 2.28%, from $5.99B in 2023 to $6.71B in 2018.

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

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

Latest Data

Trade between Thailand (Flag) and Australia (Flag)

Thailand Exports

Australia Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$58.5B
Australia
Top DestinationChina$137B

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

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

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

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

Comparative Advantage Thailand - Australia

Flow
Scale

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

During 2023, Thailand had a large net trade with Australia in the exports of Transportation ($7.62B), Machines ($2.12B), and Plastics and Rubbers ($825M).

During 2018, Australia had a large net trade with Thailand in the exports of Mineral Products ($3.92B), Vegetable Products ($947M), and Metals ($731M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Australia+$90.6MComputers
Top Product Potential Australia Thailand+$171MPetroleum Gas

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 Thailand and Australia. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over Thailand.

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

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