Indonesia (IDN) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Indonesia-Thailand Trade: In 2023, Indonesia exported $8.21B to Thailand. The main products that Indonesia exported to Thailand were Crude Petroleum ($1.5B), Coal Briquettes ($1.11B), and Cars ($442M). Over the past 5 years the exports of Indonesia to Thailand have increased at an annualized rate of 0.49%, from $8.01B in 2018 to $8.21B in 2023.

In 2023, Indonesia did not export any services to Thailand.

Thailand-Indonesia Trade: In 2023, Thailand exported $10.4B to Indonesia. The main products that Thailand exported to Indonesia were Raw Sugar ($1.26B), Motor vehicles; parts and accessories (8701 to 8705) ($822M), and Rice ($796M). Over the past 5 years the exports of Thailand to Indonesia have decreased at an annualized rate of 0.86%, from $10.9B in 2018 to $10.4B in 2023.

In 2023, Thailand did not export any services to Indonesia.

Comparison: In 2023, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Indonesia exported $8.21B to Thailand. The main products exported from Indonesia to Thailand were Crude Petroleum ($1.5B), Coal Briquettes ($1.11B), and Cars ($442M). During the last 5 years the exports of Indonesia to Thailand have increased at an annualized rate of 0.49%, from $8.01B in 2018 to $8.21B in 2023.

In 2018, Thailand exported $10.4B to Indonesia. The main products exported from Thailand to Indonesia were Raw Sugar ($1.26B), Motor vehicles; parts and accessories (8701 to 8705) ($822M), and Rice ($796M). During the last 5 years the exports of Thailand to Indonesia have decreased at an annualized rate of 0.86%, from $10.9B in 2023 to $10.4B in 2018.

Exports from Indonesia () to Thailand () (2023)

Exports from Thailand () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Thailand ()

Indonesia Exports

Date

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$70.7B

Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Indonesia than Thailand included China ($70.7B), India ($24B), and South Korea ($10.3B).

In 2023, countries that imported more from Thailand than Indonesia included United States ($58.5B), Hong Kong ($12.6B), and Australia ($13.5B).

Difference in imports from Thailand () and Indonesia () (2023)

Comparative Advantage Indonesia - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Indonesia had a large net trade with Thailand in the exports of Mineral Products ($2.95B), Transportation ($1.19B), and Machines ($1.16B).

During 2018, Thailand had a large net trade with Indonesia in the exports of Machines ($2.43B), Transportation ($1.93B), and Foodstuffs ($1.56B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Indonesia Thailand+$151MPetroleum Gas

Top Product Potential Thailand Indonesia+$160MRefined Petroleum

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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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Indonesia and Thailand. This means that a dot/product with the flag of Indonesia indicates it has a comparative advantage over Thailand. Similarly, a dot/product with the flag of Thailand indicates it has a comparative advantage over Indonesia.

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Historical Data

Bilateral Trade by Products

Exports from Indonesia () to Thailand () (2023)

Exports from Thailand () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Thailand ()

Indonesia Exports

Thailand Exports

Market Competitiveness

Difference in imports from Thailand () and Indonesia () (2023)

Comparative Advantage Indonesia - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Indonesia () and Thailand () (2023)

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