Thailand-Australia Bilateral Trade Analysis 2023
Complete trade statistics: $20.19B total volume •Thailand surplus: $6.52B
Thailand → Australia
$13.36B
Exports (2023)
Australia → Thailand
$6.84B
Imports (2023)
Trade Balance
$6.52B
Surplus for Thailand
Total Trade
$20.19B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Thailand and Australia. Green line shows exports from Thailand, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Thailand-Australia commercial relationship and competitive positioning in global markets.
Thailand → Australia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Thailand's export portfolio to Australia demonstrates strong diversification across multiple sectors, 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 representing a key competitive advantage in this bilateral market.
Australia → Thailand Imports
Import Dependency Profile
📦 Import Strategy Analysis
Thailand's import pattern from Australia reveals significant dependencyin petroleum gases and other gaseous hydrocarbons: liquefied, natural gas, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Thailand demonstrates competitive strength in exportingvehicles: 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 to Australia, 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: Thailand-Australia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $20.19 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Thailand maintains a surplus of $6.52 billion
- Export Focus: Thailand's primary exports 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
- Import Dependencies: Key imports from Australia 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
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 Thailand leveraging its comparative advantages 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.
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
Thailand's specialization 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 8704.1complements Australia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum gases and other gaseous hydrocarbons: liquefied, natural gas.
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 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 and petroleum gases and other gaseous hydrocarbons: liquefied, natural gas demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Thailand's trade surplus of $6.52 billion strengthens 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 Thailand and Australia represents a total trade volume of $20.19 billion in 2023. This partnership demonstrates a favorable trade balance for Thailand, with exports exceeding importsby $6.52 billion.
Export Strengths
Thailand's exports to Australia total $13.36 billion, with competitive advantages 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, representing $4.78B or35.8% of bilateral exports.
Import Dependencies
Imports from Australia amount to $6.84 billion, highlighting economic interdependence in petroleum gases and other gaseous hydrocarbons: liquefied, natural gas, with Petroleum gases and other gaseous hydrocarbons: liquefied, natural gas comprising31.6% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Thailand's competitive position in this bilateral relationship. 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 Thailand and Australia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023