Malaysia (MYS) and Thailand (THA) Trade | OEC - The Observatory of Economic Complexity

About

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).

Latest Trends

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September, 2020

About

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Overview In September 2020 Malaysia exported MYR4B and imported MYR3.13B from Thailand, resulting in a positive trade balance of MYR875M. Between September 2019 and September 2020 the exports of Malaysia have decreased by MYR-14.7M (-0.37%) from MYR4.02B to MYR4B, while imports decreased by MYR-413M (-11.7%) from MYR3.54B to MYR3.13B.

Trade In September 2020, the top exports of Malaysia to Thailand were Integrated Circuits (MYR987M), Blank Audio Media (MYR375M), Crude Petroleum (MYR336M), Office Machine Parts (MYR159M), and Computers (MYR98.1M). In September 2020 the top imports of Malaysia from Thailand were Rubber (MYR280M), Vehicle Parts (MYR249M), Integrated Circuits (MYR216M), Refined Petroleum (MYR85M), and Rubber Tires (MYR79.5M).

Growth In September 2020, the decrease in Malaysia's year-by-year exports to Thailand was explained primarily by an decrease in product exports in Refined Petroleum (MYR-96.2M or -57.9%), Office Machine Parts (MYR-69.4M or -34.5%), and Semiconductor Devices (MYR-41.4M or -47.5%). In September 2020, the decrease in Malaysia's year-by-year imports from Thailand was explained primarily by an decrease in product imports in Refined Petroleum (MYR-167M or -91.6%), Rubber (MYR-91.8M or -28%), and Unsaturated Acyclic Monocarboxylic Acids (MYR-39.9M or -87.6%).

Latest Trade

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Time Scale

Flow

Depth

Value

EXPORT GROWTH (September 2019 - September 2020): MYR-14.7M, (-0.37%)

IMPORT GROWTH (September 2019 - September 2020): MYR-413M, (-11.7%)

This section shows exports and imports data at subnational level for Malaysia. Click any date in the line plot or any product to explore the exports or imports behavior of Malaysia over time.

To check Thailand and Malaysia trade dynamics, check the bilateral page.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Compare to

Year

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

SectionYear

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

Year

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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Tariffs

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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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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

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Malaysia - Thailand

Tariff Section

Tariffs

Economic Complexity

Competitive Landscape

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