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Trade between Italy and Thailand

In 2024, Italy exported $2.5 billion to Thailand and imported $2.1 billion. Italy ran a surplus of $448 million with Thailand, compared with a surplus of $702 million in 2019. Thailand was Italy’s 49th largest trading partner (0.4% of its trade), and Italy was Thailand’s 26th (0.7%).

Summary

Italy → Thailand
$2.5billion
Thailand → Italy
$2.1billion
Italy’s balance
$448million

Balance

Italy’s trade balance with Thailand

Trade between Italy and Thailand grew 2.3-fold since 1995

USD billions (current). Italy’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 2.5
  • Imports 2.1
  • Balance +0.4

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$1.3 billion$707 million$567 million
1996$1.4 billion$749 million$635 million
1997$894 million$724 million$170 million
1998$480 million$897 million-$418 million
1999$426 million$850 million-$424 million
2000$618 million$996 million-$378 million
2001$738 million$795 million-$57 million
2002$776 million$851 million-$75 million
2003$884 million$1.1 billion-$238 million
2004$1.1 billion$1.6 billion-$485 million
2005$1.2 billion$1.5 billion-$250 million
2006$1.5 billion$1.6 billion-$132 million
2007$1.4 billion$2.2 billion-$764 million
2008$1.8 billion$2.2 billion-$388 million
2009$1.4 billion$1.4 billion-$16 million
2010$1.5 billion$1.8 billion-$274 million
2011$2.1 billion$2 billion$113 million
2012$2.3 billion$1.4 billion$894 million
2013$2.4 billion$1.5 billion$874 million
2014$2.2 billion$1.7 billion$524 million
2015$1.8 billion$1.4 billion$458 million
2016$1.8 billion$1.6 billion$235 million
2017$1.9 billion$1.8 billion$153 million
2018$2 billion$1.9 billion$85 million
2019$2.4 billion$1.7 billion$702 million
2020$2 billion$1.5 billion$490 million
2021$2.3 billion$2.2 billion$113 million
2022$2.5 billion$2.5 billion-$19 million
2023$2.7 billion$2.3 billion$381 million
2024$2.5 billion$2.1 billion$448 million

What they sell each other

What Italy sells to Thailand

The top 10 headings in 2024, with their share of the total.

  1. Bags, suitcases and cases$189 million · 7.5%
    265 tonnes
  2. Jewelry$148 million · 5.9%
    19 tonnes · Italy’s destinations
  3. Medicines in measured doses or retail packs$124 million · 5%
    2 thousand tonnes · Italy’s destinations
  4. Leather footwear$61 million · 2.4%
    160 tonnes
  5. Dishwashers and packing machines$52 million · 2.1%
    783 tonnes
  6. Motorcycle and bicycle parts$50 million · 2%
    1 thousand tonnes
  7. Valves and taps$49 million · 1.9%
    1 thousand tonnes
  8. Other iron or steel articles$45 million · 1.8%
    2 thousand tonnes
  9. Cars$38 million · 1.5%
    325 tonnes · Italy’s destinations
  10. Water heaters and industrial dryers$37 million · 1.5%
    748 tonnes

What Thailand sells to Italy

The top 10 headings in 2024, with their share of the total.

  1. Air conditioners$249 million · 12.1%
    20 thousand tonnes · Thailand’s destinations
  2. Pet and animal feed$138 million · 6.7%
    30 thousand tonnes
  3. Trucks$115 million · 5.6%
    11 thousand tonnes · Thailand’s destinations
  4. Cameras and broadcast equipment$93 million · 4.5%
    185 tonnes
  5. Motorcycles$93 million · 4.5%
    3 thousand tonnes · Thailand’s destinations
  6. Transformers and power supplies$92 million · 4.5%
    2 thousand tonnes
  7. Gemstones$79 million · 3.9%
    4 tonnes
  8. Jewelry$79 million · 3.8%
    12 tonnes · Thailand’s destinations
  9. Natural rubber$78 million · 3.8%
    38 thousand tonnes · Thailand’s destinations
  10. Mollusks (squid, mussels, oysters)$66 million · 3.2%
    7 thousand tonnes

How it travels

Estimated sea route from Genoa to Laem Chabang.

The estimated sea route between Genoa and Laem Chabang is 12,598 nautical miles (23,331 km) long: ≈ 29–37.5 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Gibraltar, the Cape of Good Hope and the Strait of Malacca and Singapore (12,598 nautical miles); and 15% via the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (7,428 nautical miles).

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$2.5 billion · 54.7%
  2. Air$2.1 billion · 45.3%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Thailand was Italy’s 49th largest trading partner (0.4% of its trade), and Italy was Thailand’s 26th (0.7%).

Thailand in Italy’s trade
0.4%
Thailand’s rank among Italy’s partners
49th
Italy in Thailand’s trade
0.7%
Italy’s rank among Thailand’s partners
26th

Compare with

Other partners of Italy

Other partners of Thailand

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.