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

About

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

Year

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.

Latest Data

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Singapore Exports

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Date

Thailand Exports

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Date

Market Competitiveness

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Measure

SectionYear

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

Year

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).

Service Trade

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Bilateral Service Trade

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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.

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 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.

About

Historical Data

Bilateral Trade by Products

Latest Data

Singapore Exports

Thailand Exports

Market Competitiveness

Comparative Advantage Singapore - Thailand

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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