Malaysia (MYS) and Thailand (THA) Trade

About

Malaysia-Thailand: In 2018, Malaysia exported $13.9B to Thailand. The main products exported from Malaysia to Thailand were Office Machine Parts ($1.68B), Crude Petroleum ($1.66B), and Integrated Circuits ($1.54B). During the last 23 years the exports of Malaysia to Thailand have increased at an annualized rate of 6.42%, from $3.33B in 1995 to $13.9B in 2018.

Thailand-Malaysia: In 2018, Thailand exported $11.8B to Malaysia. The main products exported from Thailand to Malaysia were Office Machine Parts ($1.21B), Vehicle Parts ($802M), and Rubber ($666M). During the last 23 years the exports of Thailand to Malaysia have increased at an annualized rate of 8.2%, from $1.93B in 1995 to $11.8B in 2018.

Comparison: In 2018, Malaysia ranked 26 in the Economic Complexity Index (ECI 0.97), and 20 in total exports ($270B). That same year, Thailand ranked 28 in the Economic Complexity Index (ECI 0.93), and 22 in total exports ($262B). In terms of GDP Per Capita, Malaysia was ranked 68 with a GDP Per Capita of $11,373, and Thailand was ranked 91 with a GDP Per Capita of $7,274.

Product Trade

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Bilateral Trade by Products

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Depth

Value

Year

In 2018, Malaysia exported $13.9B to Thailand. The main products exported from Malaysia to Thailand were Office Machine Parts ($1.68B), Crude Petroleum ($1.66B), and Integrated Circuits ($1.54B). During the last 23 years the exports of Malaysia to Thailand have increased at an annualized rate of 6.42%, from $3.33B in 1995 to $13.9B in 2018.

In 2018, Thailand exported $11.8B to Malaysia. The main products exported from Thailand to Malaysia were Office Machine Parts ($1.21B), Vehicle Parts ($802M), and Rubber ($666M). During the last 23 years the exports of Thailand to Malaysia have increased at an annualized rate of 8.2%, from $1.93B in 1995 to $11.8B in 2018.

Latest Data

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Date

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Market Competitiveness

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Measure

SectionYear

Malaysia
Top Destination: Singapore, $36.8B

Thailand
Top Destination: China, $31B

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 2018, countries that imported more from Malaysia than Thailand were Singapore ($36.8B), Hong Kong ($19.5B), and China ($36.1B).

In 2018, countries that imported more from Thailand than Malaysia were Japan ($24.9B), Cambodia ($7.62B), and Vietnam ($13B).

Comparative Advantage Malaysia - Thailand

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Depth

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

During 2018, Malaysia had a large net trade with Thailand in the exports of Machines ($6.14B), Mineral Products ($2.45B), and Metals ($1.09B).

During 2018, Thailand had a large net trade with Malaysia in the exports of Machines ($4B), Plastics and Rubbers ($1.78B), and Transportation ($1.65B).

Tariff Section

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Tariffs

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This sections 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%).

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

Forecasts

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Trade Forecasts

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This section shows a forecast for total trade between Malaysia and Thailand. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Economic Complexity

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Competitive Landscape

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Year

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.

About

Product Trade

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage Malaysia - Thailand

Tariff Section

Tariffs

Forecasts

Trade Forecasts

Economic Complexity

Competitive Landscape

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