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How dependent is Australia on Thailand?

In 2024, Thailand sold $14 billion to Australia, 4.9% of its imports, ranking 5th among its suppliers. Its share was 4.8% in 2019 and 1.4% in 1995. In 6 products it sells more than 50% of what Australia buys of them (in 1, more than 75%); what Australia buys from Thailand in those products (dominated value) adds up to $1.5 billion, 0.52% of its imports.

Summary

Share of its imports
4.9%
Value imported
$14billion
Rank among its suppliers
5th
Products where it sells over 50%
6
Products where it sells over 75%
1
Dominated value
$1.5billion
Share of total imports
0.5%

Trend

Trend in shares

Thailand went from 1.4% to 4.9% of what Australia buys

Share (%)

  • Thailand 4.9%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
19958021.4%18
19968801.4%17
19979891.6%15
19981,0511.7%14
19991,4502.2%13
20001,7932.5%12
20011,5572.4%13
20021,7872.4%14
20032,4932.8%13
20042,9672.7%12
20054,0193.2%10
20065,1103.7%8
20077,3834.5%6
20089,0624.6%6
20098,3895.2%6
201010,4885.3%4
20118,7373.8%6
201210,4664.3%6
201311,0794.9%6
20149,6484.4%8
201510,3135.3%5
201611,6656.3%4
201711,4455.2%5
201811,4595%5
201910,5784.8%4
202010,3284.9%4
202111,7754.6%4
202212,8144.2%6
202313,4794.7%5
202414,0024.9%5

Products where Thailand sells more than half

ProductSupplierShareSecondValue
Air conditionersThailand60.4%China · 21.9%$1.1 billion
Prepared fish and caviarThailand50.9%China · 10.3%$259 million
Toothpaste and oral careThailand52.4%United States · 12.7%$103 million
Quicklime and slaked limeThailand51.4%Malaysia · 42%$28 million
Boiler auxiliary equipmentThailand50.1%China · 24.6%$9 million
Lead oxides and red leadThailand77.1%over 75%South Korea · 5.8%$8 million

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Are there other suppliers in the world?

Exports from the rest of the world already have buyers; the figure shows scale, not availability.

Seen from Thailand

Australia is Thailand’s 4th-largest customer, with 4.1% of its exports.

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.