Flag Malaysia / Thailand Flag

2020
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Exports
: $10.5B, Rnk 6 / 215

2020
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Top Product
: $1.5B, Integrated Circuits

2020
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Exports
: $8.78B, Rnk 8 / 214

2020
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Top Product
: $716M, Rubber

2020
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Economic Complexity (ECI)
: ECI 1.02, Rnk 25 / 127

2020
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Economic Complexity (ECI)
: ECI 0.91, Rnk 30 / 127

2020
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GDP
: $337B, CURRENT US$
Rnk 37 / 195

2010-2020
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GDP GROWTH
: 32.2%, CURRENT US$
Rnk 93 / 195

2020
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 GDP
: $502B, CURRENT US$
Rnk 24 / 195

2010-2020
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GDP GROWTH
: 47.1%, CURRENT US$
Rnk 61 / 195

2020
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GDP PC 
: $10,412, CURRENT US$
Rnk 69 / 195

2010-2020
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GDP PC GROWTH
: 15.2%, CURRENT US$
Rnk 95 / 195

2020
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GDP PC
: $7,187, CURRENT US$
Rnk 85 / 195

2010-2020
Flag
GDP PC GROWTH
: 41.6%, CURRENT US$
Rnk 39 / 195

Malaysia-Thailand In 2020, Malaysia exported $10.5B to Thailand. The main products that Malaysia exported to Thailand are Integrated Circuits ($1.5B), Blank Audio Media ($886M), and Crude Petroleum ($840M). During the last 25 years the exports of Malaysia to Thailand have increased at an annualized rate of 4.94%, from $3.14B in 1995 to $10.5B in 2020.

In 2020, Malaysia did not export any services to Thailand.

Thailand-Malaysia In 2020, Thailand exported $8.78B to Malaysia . The main products that Thailand exported to Malaysia were Rubber ($716M), Vehicle Parts ($567M), and Refined Petroleum ($502M). During the last 25 years the exports of Thailand to Malaysia have increased at an annualized rate of 6.74%, from $1.72B in 1995 to $8.78B in 2020.

In 2020, Thailand did not export any services to Malaysia.

Comparison In 2020,  Malaysia ranked 25 in the Economic Complexity Index (ECI 1.02), and 20 in total exports ($266B). That same year, Thailand ranked 30 in the Economic Complexity Index (ECI 0.91), and 23 in total exports ($243B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2020, Malaysia exported $10.5B to Thailand. The main products exported from Malaysia to Thailand were Integrated Circuits ($1.5B), Blank Audio Media ($886M), and Crude Petroleum ($840M). During the last 25 years the exports of Malaysia to Thailand have increased at an annualized rate of 4.94%, from $3.14B in 1995 to $10.5B in 2020.

In 2020, Thailand exported $8.78B to Malaysia. The main products exported from Thailand to Malaysia were Rubber ($716M), Vehicle Parts ($567M), and Refined Petroleum ($502M). During the last 25 years the exports of Thailand to Malaysia have increased at an annualized rate of 6.74%, from $1.72B in 1995 to $8.78B in 2020.

Market Competitiveness

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Measure

Malaysia
Top Destination
: China, $38.7B

Thailand
Top Destination
: United States, $35.3B

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

In 2019, countries that imported more from Malaysia than Thailand were Singapore ($36.5B), China ($38.7B), and Mexico ($10.2B).

In 2019, countries that imported more from Thailand than Malaysia were Japan ($23.2B), Switzerland ($8.03B), and Cambodia ($5.74B).

Comparative Advantage Malaysia - Thailand

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Flow

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

During 2020, Malaysia had a large net trade with Thailand in the exports of Machines ($4.55B), Mineral Products ($1.44B), and Chemical Products ($907M).

During 2020, Thailand had a large net trade with Malaysia in the exports of Machines ($2.68B), Plastics and Rubbers ($1.58B), and Transportation ($1.14B).

Tariff Section

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This section shows import tariffs for products traded between Malaysia and Thailand (using the HS6 product classification and the last year reported).

In 2016, the products from Malaysia that paid the highest import tariffs to enter Thailand were Tobacco refuse (1.33k%)and Undenatured ethyl alcohol > 80% by volume (898%).

In 2015, the products from Thailand that paid the highest import tariffs to enter Malaysia were Flowers, cut: roses, flowers and buds of a kind suitable for bouquets or ornamental purposes, fresh (5%)and Flowers, cut: carnations, flowers and buds of a kind suitable for bouquets or ornamental purposes, fresh (5%).

*The tariffs present between Malaysia and Thailand are:
136: Most Favoured Nation duty rate treatement

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Malaysia has comparative advantage over Thailand. Similarly, the more red a dot/product is, the more Thailand has comparative advantage over Malaysia.