Singapore (SGP) and Thailand (THA) Trade

About

Singapore-Thailand: In 2018, Singapore exported $9.86B to Thailand. The main products exported from Singapore to Thailand were Integrated Circuits ($1.06B), Blank Audio Media ($942M), and Refined Petroleum ($872M). During the last 23 years the exports of Singapore to Thailand have increased at an annualized rate of 3.43%, from $4.53B in 1995 to $9.86B in 2018.

Thailand-Singapore: In 2018, Thailand exported $8.98B to Singapore. The main products exported from Thailand to Singapore were Refined Petroleum ($2.24B), Integrated Circuits ($1.01B), and Special Purpose Ships ($721M). During the last 23 years the exports of Thailand to Singapore have increased at an annualized rate of 1.09%, from $7B in 1995 to $8.98B in 2018.

Comparison: In 2018, Singapore ranked 6 in the Economic Complexity Index (ECI 1.71), and 17 in total exports ($323B). 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, Singapore was ranked 9 with a GDP Per Capita of $64,582, 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, Singapore exported $9.86B to Thailand. The main products exported from Singapore to Thailand were Integrated Circuits ($1.06B), Blank Audio Media ($942M), and Refined Petroleum ($872M). During the last 23 years the exports of Singapore to Thailand have increased at an annualized rate of 3.43%, from $4.53B in 1995 to $9.86B in 2018.

In 2018, Thailand exported $8.98B to Singapore. The main products exported from Thailand to Singapore were Refined Petroleum ($2.24B), Integrated Circuits ($1.01B), and Special Purpose Ships ($721M). During the last 23 years the exports of Thailand to Singapore have increased at an annualized rate of 1.09%, from $7B in 1995 to $8.98B in 2018.

Latest Data

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Date

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Date

Market Competitiveness

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Measure

SectionYear

Singapore
Top Destination: China, $44.3B

Thailand
Top Destination: China, $31B

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 2018, countries that imported more from Singapore than Thailand were Hong Kong ($41.5B), Malaysia ($32.3B), and Indonesia ($24.8B).

In 2018, countries that imported more from Thailand than Singapore were Japan ($24.9B), United States ($29.3B), and Laos ($4.12B).

Comparative Advantage Singapore - Thailand

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Depth

Year

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

During 2018, Singapore had a large net trade with Thailand in the exports of Machines ($3.98B), Chemical Products ($1.48B), and Mineral Products ($951M).

During 2018, Thailand had a large net trade with Singapore in the exports of Machines ($2.87B), Mineral Products ($2.45B), and Transportation ($1.05B).

Forecasts

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Trade Forecasts

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This section shows a forecast for total trade between Singapore 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.

Explore Forecasts

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 Singapore has comparative advantage over Thailand. Similarly, the more red a dot/product is, the more Thailand has comparative advantage over Singapore.

About

Product Trade

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage Singapore - Thailand

Forecasts

Trade Forecasts

Economic Complexity

Competitive Landscape

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