2023
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GDP
$515BCURRENT US$
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2013-2023
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GDP GROWTH
22.5%CURRENT US$
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2023
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 GDP
$512BCURRENT US$
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2013-2023
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GDP GROWTH
20%CURRENT US$
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2023
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GDP PC 
$7,182CURRENT US$
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2013-2023
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GDP PC GROWTH
19.3%CURRENT US$
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2023
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GDP PC
$56,034CURRENT US$
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2013-2023
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GDP PC GROWTH
11.4%CURRENT US$
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About

Thailand-Austria Trade: In 2023, Thailand exported $836M to Austria. The main products that Thailand exported to Austria were Motor vehicles; parts and accessories (8701 to 8705) ($84.5M), Cars ($57.1M), and Integrated Circuits ($53.1M). Over the past 5 years the exports of Thailand to Austria have increased at an annualized rate of 2.95%, from $723M in 2018 to $836M in 2023.

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

Austria-Thailand Trade: In 2023, Austria exported $423M to Thailand. The main products that Austria exported to Thailand were Precious Metal Compounds ($22.3M), Rubberworking Machinery ($22.1M), and Synthetic Reconstructed Jewellery Stones ($21.1M). Over the past 5 years the exports of Austria to Thailand have increased at an annualized rate of 1.59%,  from $391M in 2018 to $423M in 2023.

In 2020, Austria exported services to Thailand worth $46.8M, with Other business services ($13.7M), Transportation ($11.4M), and Travel ($8M) 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, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Thailand exported $836M to Austria. The main products exported from Thailand to Austria were Motor vehicles; parts and accessories (8701 to 8705) ($84.5M), Cars ($57.1M), and Integrated Circuits ($53.1M). During the last 5 years the exports of Thailand to Austria have increased at an annualized rate of 2.95%, from $723M in 2018 to $836M in 2023.

In 2018, Austria exported $423M to Thailand. The main products exported from Austria to Thailand were Precious Metal Compounds ($22.3M), Rubberworking Machinery ($22.1M), and Synthetic Reconstructed Jewellery Stones ($21.1M). During the last 5 years the exports of Austria to Thailand have increased at an annualized rate of 1.59%, from $391M in 2023 to $423M in 2018.

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

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

Latest Data

Trade between Thailand (Flag) and Austria (Flag)

Thailand Exports

Austria Exports

Market Competitiveness

Color
Thailand
Top Destination
United States$58.5B
Austria
Top Destination
Germany$51B

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

In 2023, countries that imported more from Thailand than Austria included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

In 2023, countries that imported more from Austria than Thailand included Germany ($51B), Italy ($13.5B), and Hungary ($8.42B).

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

Comparative Advantage Thailand - Austria

Flow
Scale

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

During 2023, Thailand had a large net trade with Austria in the exports of Machines ($252M), Transportation ($179M), and Precious Metals ($125M).

During 2018, Austria had a large net trade with Thailand in the exports of Machines ($142M), Chemical Products ($62.7M), and Transportation ($57.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Austria+$43.2MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Austria Thailand+$22.6MTelephones

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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Bilateral Service Trade

In 2020, Austria exported services to Thailand worth $46.8M, with Other business services ($13.7M), Transportation ($11.4M), and Travel ($8M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Thailand and Austria. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Austria. Similarly, a dot/product with the flag of Austria indicates it has a comparative advantage over Thailand.

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

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