Singapore (SGP) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Singapore-Thailand Trade: In 2022, Singapore exported $10.4B to Thailand. The main products that Singapore exported to Thailand were Integrated Circuits ($1.27B), Refined Petroleum ($1.07B), and Blank Audio Media ($979M). Over the past 5 years the exports of Singapore to Thailand have decreased at an annualized rate of 3.46%, from $12.4B in 2017 to $10.4B in 2022.

In 2022, Singapore did not export any services to Thailand.

Thailand-Singapore Trade: In 2022, Thailand exported $11B to Singapore. The main products that Thailand exported to Singapore were Integrated Circuits ($2.23B), Refined Petroleum ($1.54B), and Gold ($1.34B). Over the past 5 years the exports of Thailand to Singapore have increased at an annualized rate of 4.09%, from $9.02B in 2017 to $11B in 2022.

In 2020, Thailand exported services to Singapore worth $2.58B, with Other business services ($1.82B), Transportation ($316M), and Travel ($230M) being the largest in terms of value.

Comparison: In 2022, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Singapore exported $10.4B to Thailand. The main products exported from Singapore to Thailand were Integrated Circuits ($1.27B), Refined Petroleum ($1.07B), and Blank Audio Media ($979M). During the last 5 years the exports of Singapore to Thailand have decreased at an annualized rate of 3.46%, from $12.4B in 2017 to $10.4B in 2022.

In 2017, Thailand exported $11B to Singapore. The main products exported from Thailand to Singapore were Integrated Circuits ($2.23B), Refined Petroleum ($1.54B), and Gold ($1.34B). During the last 5 years the exports of Thailand to Singapore have increased at an annualized rate of 4.09%, from $9.02B in 2022 to $11B in 2017.

Exports from Singapore () to Thailand () (2022)

Exports from Thailand () to Singapore () (2022)

Latest Data

Trade between Singapore () and Thailand ()

Singapore Exports

Date

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from Singapore than Thailand included Hong Kong ($51.6B), Malaysia ($35.9B), and China ($51.2B).

In 2022, countries that imported more from Thailand than Singapore included United States ($53.4B), Japan ($24.6B), and Laos ($4.5B).

Difference in imports from Thailand () and Singapore () (2022)

Comparative Advantage Singapore - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with Thailand in the exports of Machines ($4.06B), Chemical Products ($1.57B), and Mineral Products ($1.17B).

During 2017, Thailand had a large net trade with Singapore in the exports of Machines ($4.92B), Mineral Products ($2.02B), and Precious Metals ($1.63B).

Bilateral Service Trade

Tha Year

In 2020, Thailand exported services to Singapore worth $2.58B, with Other business services ($1.82B), Transportation ($316M), and Travel ($230M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Thailand () to Singapore () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Singapore () to Thailand () (2022)

Exports from Thailand () to Singapore () (2022)

Latest Data

Trade between Singapore () and Thailand ()

Singapore Exports

Thailand Exports

Market Competitiveness

Difference in imports from Thailand () and Singapore () (2022)

Comparative Advantage Singapore - Thailand

Bilateral Service Trade

Services Exports from Thailand () to Singapore () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Singapore () and Thailand () (2022)

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