2022
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GDP
$495BCURRENT US$
Rnk 29 / 186
2012-2022
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GDP GROWTH
24.6%CURRENT US$
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2022
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 GDP
$1.68TCURRENT US$
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2012-2022
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GDP GROWTH
8.3%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 GROWTH
20.2%CURRENT US$
Rnk 87 / 186
2022
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GDP PC
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
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GDP PC GROWTH
-5.23%CURRENT US$
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About

Thailand-Australia Trade: In 2022, Thailand exported $12.6B to Australia. The main products that Thailand exported to Australia were Delivery Trucks ($3.66B), Cars ($2.3B), and Air Conditioners ($752M). Over the past 5 years the exports of Thailand to Australia have increased at an annualized rate of 2.42%, from $11.2B in 2017 to $12.6B in 2022.

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

Australia-Thailand Trade: In 2022, Australia exported $7B to Thailand. The main products that Australia exported to Thailand were Petroleum Gas ($1.71B), Crude Petroleum ($1.33B), and Coal Briquettes ($559M). Over the past 5 years the exports of Australia to Thailand have increased at an annualized rate of 13.7%,  from $3.69B in 2017 to $7B in 2022.

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 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $12.6B to Australia. The main products exported from Thailand to Australia were Delivery Trucks ($3.66B), Cars ($2.3B), and Air Conditioners ($752M). During the last 5 years the exports of Thailand to Australia have increased at an annualized rate of 2.42%, from $11.2B in 2017 to $12.6B in 2022.

In 2017, Australia exported $7B to Thailand. The main products exported from Australia to Thailand were Petroleum Gas ($1.71B), Crude Petroleum ($1.33B), and Coal Briquettes ($559M). During the last 5 years the exports of Australia to Thailand have increased at an annualized rate of 13.7%, from $3.69B in 2022 to $7B in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Australia (Flag)

Thailand Exports

Australia Exports

Market Competitiveness

Color
Thailand
Top Destination
United States$53.4B
Australia
Top Destination
China$123B

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 2022, countries that imported more from Thailand than Australia included United States ($53.4B), Cambodia ($8.63B), and Hong Kong ($10.9B).

In 2022, countries that imported more from Australia than Thailand included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

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 2022, Thailand had a large net trade with Australia in the exports of Transportation ($6.46B), Machines ($2.01B), and Plastics and Rubbers ($947M).

During 2017, Australia had a large net trade with Thailand in the exports of Mineral Products ($3.66B), Metals ($1.03B), and Precious Metals ($547M).

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) (2022)

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