Flag Thailand / Australia Flag

2019
Flag β†’ Flag  
Exports
: $10B, Rnk 7 / 217

2019
Flag β†’ Flag
Top Product
: $2.71B, Delivery Trucks

2019
Flag β†’ Flag
Exports
: $3.15B, Rnk 15 / 208

2019
Flag β†’ Flag
Top Product
: $442M, Crude Petroleum

2019
Flag
Economic Complexity (ECI)
: ECI 1.05, Rnk 31 / 157

2019
Flag
Economic Complexity (ECI)
: ECI -0.16, Rnk 82 / 157

2019
Flag  
GDP
: $544B, CURRENT US$
Rnk 22 / 187

2009-2019
Flag
GDP GROWTH
: 92.9%, CURRENT US$
Rnk 35 / 187

2019
Flag
 GDP
: $1.4T, CURRENT US$
Rnk 13 / 187

2009-2019
Flag
GDP GROWTH
: 50.5%, CURRENT US$
Rnk 93 / 187

2019
Flag
GDP PC 
: $7,807, CURRENT US$
Rnk 84 / 187

2009-2019
Flag
GDP PC GROWTH
: 85.3%, CURRENT US$
Rnk 22 / 187

2019
Flag
GDP PC 
: $55,060, CURRENT US$
Rnk 12 / 187

2009-2019
Flag
GDP PC GROWTH
: 28.7%, CURRENT US$
Rnk 95 / 187

Thailand-Australia: In 2019, Thailand exported $10B to Australia. The main products that Thailand exported to Australia are Delivery Trucks ($2.71B), Cars ($1.88B), and Gold ($778M). During the last 24 years the exports of Thailand to Australia have increased at an annualized rate of 11%, from $810M in 1995 to $10B in 2019.

In 2019, Thailand did not exported services to Australia.

Australia-Thailand: In 2019, Australia exported $3.15B to Thailand . The main products that Australia exported to Thailand were Crude Petroleum ($442M), Petroleum Gas ($347M), and Coal Briquettes ($288M). During the last 24 years the exports of Australia to Thailand have increased at an annualized rate of 3.2%, from $1.48B in 1995 to $3.15B in 2019.

In 2018, Australia exported services to Thailand worth $922M, with Travel ($769M), Transportation ($83.6M), and Financial services ($21.7M) being the largest in terms of value.

Comparison: In 2019,  Thailand ranked 31 in the Economic Complexity Index (ECI 1.05), and 23 in total exports ($249B). That same year, Australia ranked 82 in the Economic Complexity Index (ECI -0.16), and 19 in total exports ($284B).

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2019, Thailand exported $10B to Australia. The main products exported from Thailand to Australia were Delivery Trucks ($2.71B), Cars ($1.88B), and Gold ($778M). During the last 24 years the exports of Thailand to Australia have increased at an annualized rate of 11%, from $810M in 1995 to $10B in 2019.

In 2019, Australia exported $3.15B to Thailand. The main products exported from Australia to Thailand were Crude Petroleum ($442M), Petroleum Gas ($347M), and Coal Briquettes ($288M). During the last 24 years the exports of Australia to Thailand have increased at an annualized rate of 3.2%, from $1.48B in 1995 to $3.15B in 2019.

Market Competitiveness

#permalink to section
Measure

Thailand
Top Destination
: United States, $32.2B

Australia
Top Destination
: China, $111B

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 2019, countries that imported more from Thailand than Australia were United States ($32.2B), Vietnam ($11.8B), and Cambodia ($6.96B).

In 2019, countries that imported more from Australia than Thailand were China ($111B), Japan ($41.5B), and South Korea ($18.9B).

Comparative Advantage Thailand - Australia

#permalink to section
Depth

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

During 2019, Thailand had a large net trade with Australia in the exports of Transportation ($4.84B), Machines ($1.43B), and Precious Metals ($924M).

During 2019, Australia had a large net trade with Thailand in the exports of Mineral Products ($1.13B), Metals ($673M), and Vegetable Products ($325M).

Tariff Section

#permalink to section

This section shows import tariffs for products traded between Thailand and Australia (using the HS6 product classification and the last year reported).

In 2015, the products from Thailand that paid the highest import tariffs to enter Australia were Milk powder < 1.5% fat (216%) and Potatoes seed, fresh or chilled (125%).

In 2018, the products from Australia that paid the highest import tariffs to enter Thailand were Horses: live, pure-bred breeding animals (0%) and Horses: live, other than pure-bred breeding animals (0%).

Explore Tariff Data

*The tariffs present between Thailand and Australia are:
1: AANZFTA ASEAN - Australia - New Zealand Free Trade Area
136: Most Favoured Nation duty rate treatement
165: Preferential tariff for Australia

Bilateral Service Trade

#permalink to section

In 2018, Australia exported services to Thailand worth $922M, with Travel ($769M), Transportation ($83.6M), and Financial services ($21.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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