Flag Singapore / Thailand Flag

2020
FlagFlag
Exports
: $9.32B, Rnk 10 / 212

2020
FlagFlag
Top Product
: $1.42B, Gold

2020
FlagFlag
Exports
: $10.6B, Rnk 6 / 214

2020
FlagFlag
Top Product
: $4.69B, Gold

2020
Flag
Economic Complexity (ECI)
: ECI 1.84, Rnk 6 / 127

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

2020
Flag  
GDP
: $345B, CURRENT US$
Rnk 36 / 204

2010-2020
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GDP GROWTH
: 44%, CURRENT US$
Rnk 68 / 204

2020
Flag
 GDP
: $500B, CURRENT US$
Rnk 24 / 204

2010-2020
Flag
GDP GROWTH
: 46.5%, CURRENT US$
Rnk 61 / 204

2020
Flag
GDP PC 
: $60,729, CURRENT US$
Rnk 11 / 204

2010-2020
Flag
GDP PC GROWTH
: 28.6%, CURRENT US$
Rnk 68 / 204

2020
Flag
GDP PC
: $7,159, CURRENT US$
Rnk 95 / 204

2010-2020
Flag
GDP PC GROWTH
: 41%, CURRENT US$
Rnk 41 / 204

Singapore-Thailand In 2020, Singapore exported $9.32B to Thailand. The main products that Singapore exported to Thailand are Gold ($1.42B), Blank Audio Media ($1.05B), and Integrated Circuits ($918M). During the last 25 years the exports of Singapore to Thailand have increased at an annualized rate of 2.41%, from $5.14B in 1995 to $9.32B in 2020.

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

Thailand-Singapore In 2020, Thailand exported $10.6B to Singapore. The main products that Thailand exported to Singapore were Gold ($4.69B), Integrated Circuits ($1.15B), and Refined Petroleum ($627M). During the last 25 years the exports of Thailand to Singapore have increased at an annualized rate of 1.48%, from $7.36B in 1995 to $10.6B in 2020.

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 2020,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.84), and 19 in total exports ($281B). 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

In 2020, Singapore exported $9.32B to Thailand. The main products exported from Singapore to Thailand were Gold ($1.42B), Blank Audio Media ($1.05B), and Integrated Circuits ($918M). During the last 25 years the exports of Singapore to Thailand have increased at an annualized rate of 2.41%, from $5.14B in 1995 to $9.32B in 2020.

In 2020, Thailand exported $10.6B to Singapore. The main products exported from Thailand to Singapore were Gold ($4.69B), Integrated Circuits ($1.15B), and Refined Petroleum ($627M). During the last 25 years the exports of Thailand to Singapore have increased at an annualized rate of 1.48%, from $7.36B in 1995 to $10.6B in 2020.

Singapore Exports

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Thailand Exports

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Market Competitiveness

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Measure

Singapore
Top Destination
: China, $42.9B

Thailand
Top Destination
: United States, $35.3B

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 2019, countries that imported more from Singapore than Thailand were Hong Kong ($41.7B), Malaysia ($22.9B), and China ($42.9B).

In 2019, countries that imported more from Thailand than Singapore were Japan ($23.2B), United States ($35.3B), and Cambodia ($5.74B).

Comparative Advantage Singapore - Thailand

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Flow

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

During 2020, Singapore had a large net trade with Thailand in the exports of Machines ($3.51B), Precious Metals ($1.47B), and Chemical Products ($1.31B).

During 2020, Thailand had a large net trade with Singapore in the exports of Precious Metals ($4.93B), Machines ($3.01B), and Mineral Products ($762M).

Bilateral Service Trade

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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.

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 yellow.  This mean that the more blue a dot/product is, the more Singapore has comparative advantage over Thailand. Similarly, the more yellow a dot/product is, the more Thailand has comparative advantage over Singapore.