Thailand (THA) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Thailand-Austria Trade: In 2022, Thailand exported $422M to Austria. The main products that Thailand exported to Austria were Scented Mixtures ($59.9M), Imitation Jewellery ($29.6M), and Motor vehicles; parts and accessories (8701 to 8705) ($29.4M). Over the past 5 years the exports of Thailand to Austria have decreased at an annualized rate of 1.91%, from $465M in 2017 to $422M in 2022.

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

Austria-Thailand Trade: In 2022, Austria exported $356M to Thailand. The main products that Austria exported to Thailand were Integrated Circuits ($23.1M), Broadcasting Equipment ($21.3M), and Synthetic Reconstructed Jewellery Stones ($19.2M). Over the past 5 years the exports of Austria to Thailand have increased at an annualized rate of 0.88%, from $341M in 2017 to $356M in 2022.

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 2022, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Thailand exported $422M to Austria. The main products exported from Thailand to Austria were Scented Mixtures ($59.9M), Imitation Jewellery ($29.6M), and Motor vehicles; parts and accessories (8701 to 8705) ($29.4M). During the last 5 years the exports of Thailand to Austria have decreased at an annualized rate of 1.91%, from $465M in 2017 to $422M in 2022.

In 2017, Austria exported $356M to Thailand. The main products exported from Austria to Thailand were Integrated Circuits ($23.1M), Broadcasting Equipment ($21.3M), and Synthetic Reconstructed Jewellery Stones ($19.2M). During the last 5 years the exports of Austria to Thailand have increased at an annualized rate of 0.88%, from $341M in 2022 to $356M in 2017.

Exports from Thailand () to Austria () (2022)

Exports from Austria () to Thailand () (2022)

Latest Data

Trade between Thailand () and Austria ()

Thailand Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$53.4B

Austria
Top DestinationGermany$57.7B

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 2022, countries that imported more from Thailand than Austria included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

In 2022, countries that imported more from Austria than Thailand included Germany ($57.7B), Italy ($13.6B), and Hungary ($10.4B).

Difference in imports from Austria () and Thailand () (2022)

Comparative Advantage Thailand - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Thailand had a large net trade with Austria in the exports of Machines ($125M), Precious Metals ($90.1M), and Chemical Products ($63.3M).

During 2017, Austria had a large net trade with Thailand in the exports of Machines ($124M), Transportation ($53M), and Chemical Products ($50.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Aut Year

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 () to Thailand () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Austria () (2022)

Exports from Austria () to Thailand () (2022)

Latest Data

Trade between Thailand () and Austria ()

Thailand Exports

Austria Exports

Market Competitiveness

Difference in imports from Austria () and Thailand () (2022)

Comparative Advantage Thailand - Austria

Potential Exports

Potential Exports

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Bilateral Service Trade

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Thailand () and Austria () (2022)

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