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2022
Flag → Flag
Exports $2.46BRnk 25 / 218
2022
Flag → Flag
Top Product $248MAir Conditioners
2022
Flag → Flag
Exports $2.06BRnk 49 / 221
2022
Flag → Flag
Top Product $93.1MTrunks and Cases
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag  
GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC $6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Thailand-Italy Trade: In 2022, Thailand exported $2.46B to Italy. The main products that Thailand exported to Italy were Air Conditioners ($248M), Animal Food ($183M), and Electrical Transformers ($147M). Over the past 5 years the exports of Thailand to Italy have increased at an annualized rate of 6.18%, from $1.82B in 2017 to $2.46B in 2022.

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

Italy-Thailand Trade: In 2022, Italy exported $2.06B to Thailand. The main products that Italy exported to Thailand were Trunks and Cases ($93.1M), Valves ($79.9M), and Integrated Circuits ($79.3M). Over the past 5 years the exports of Italy to Thailand have increased at an annualized rate of 3.19%,  from $1.65B in 2017 to $2.06B in 2022.

In 2020, Italy exported services to Thailand worth $76.3M, with Other business services ($17.2M), Construction services ($15.4M), and Travel ($12.7M) 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $2.46B to Italy. The main products exported from Thailand to Italy were Air Conditioners ($248M), Animal Food ($183M), and Electrical Transformers ($147M). During the last 5 years the exports of Thailand to Italy have increased at an annualized rate of 6.18%, from $1.82B in 2017 to $2.46B in 2022.

In 2017, Italy exported $2.06B to Thailand. The main products exported from Italy to Thailand were Trunks and Cases ($93.1M), Valves ($79.9M), and Integrated Circuits ($79.3M). During the last 5 years the exports of Italy to Thailand have increased at an annualized rate of 3.19%, from $1.65B in 2022 to $2.06B in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Italy (Flag)

Thailand Exports

Italy Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Thailand than Italy included China ($35.3B), Japan ($24.6B), and Vietnam ($13.4B).

In 2022, countries that imported more from Italy than Thailand included Germany ($78.5B), France ($63.8B), and Spain ($32.8B).

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

Comparative Advantage Thailand - Italy

Flow
Scale

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

During 2022, Thailand had a large net trade with Italy in the exports of Machines ($848M), Plastics and Rubbers ($325M), and Precious Metals ($241M).

During 2017, Italy had a large net trade with Thailand in the exports of Machines ($746M), Chemical Products ($213M), and Transportation ($182M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Italy+$64.7MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Italy Thailand+$49MPackaged Medicaments

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, Italy exported services to Thailand worth $76.3M, with Other business services ($17.2M), Construction services ($15.4M), and Travel ($12.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (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 Italy. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Thailand.

Product Space of Thailand (Flag) and Italy (Flag) (2022)

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