Australia-Thailand Bilateral Trade Analysis 2023
Complete trade statistics: $20.19B total volume •Australia deficit: $6.52B
Australia → Thailand
$6.84B
Exports (2023)
Thailand → Australia
$13.36B
Imports (2023)
Trade Balance
$6.52B
Deficit for Australia
Total Trade
$20.19B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Australia and Thailand. Green line shows exports from Australia, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Australia-Thailand commercial relationship and competitive positioning in global markets.
Australia → Thailand Exports
Export Market Intelligence
🎯 Strategic Export Focus
Australia's export portfolio to Thailand demonstrates strong diversification across multiple sectors, with petroleum gases and other gaseous hydrocarbons: liquefied, natural gas representing a key competitive advantage in this bilateral market.
Thailand → Australia Imports
Import Dependency Profile
📦 Import Strategy Analysis
Australia's import pattern from Thailand reveals strategic sourcingin vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Australia demonstrates competitive strength in exportingpetroleum gases and other gaseous hydrocarbons: liquefied, natural gas to Thailand, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $20.19B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Australia-Thailand Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $20.19 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Australia maintains a deficit of $6.52 billion
- Export Focus: Australia's primary exports include petroleum gases and other gaseous hydrocarbons: liquefied, natural gas, oils: petroleum oils and oils obtained from bituminous minerals, crude, cereals: wheat and meslin, other than durum wheat, other than seed
- Import Dependencies: Key imports from Thailand include vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1, vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 2500cc, vehicles: spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. not exceeding 5 tonnes), n.e.c. in item no 8704.1
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $20.19B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Australia leveraging its comparative advantages in petroleum gases and other gaseous hydrocarbons: liquefied, natural gas.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Australia's specialization in petroleum gases and other gaseous hydrocarbons: liquefied, natural gascomplements Thailand's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $20.19B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $20.19B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $20.19 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in petroleum gases and other gaseous hydrocarbons: liquefied, natural gas and vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Australia's trade deficit of $6.52 billion impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Australia and Thailand represents a total trade volume of $20.19 billion in 2023. This partnership demonstrates an unfavorable trade balance for Australia, with imports exceeding exportsby $6.52 billion.
Export Strengths
Australia's exports to Thailand total $6.84 billion, with competitive advantages in petroleum gases and other gaseous hydrocarbons: liquefied, natural gas, representing $2.16B or31.6% of bilateral exports.
Import Dependencies
Imports from Thailand amount to $13.36 billion, highlighting economic interdependence in vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1, with Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1 comprising35.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Australia's strategic sourcing from Thailand. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Australia and Thailand in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023