Flag Thailand / Malaysia Flag

Exports Flag β†’ Flag  (2018): $11.8B, Rnk 6 / 217

Top Product Flag β†’ Flag (2018): $1.21B, Office Machine Parts

Exports Flag β†’ Flag (2018): $13.9B, Rnk 6 / 208

Top Product Flag β†’ Flag (2018): $1.68B, Office Machine Parts

Economic Complexity of Flag (2018): ECI 0.93, Rnk 28 / 137

Economic Complexity of Flag (2018): ECI 0.97, Rnk 26 / 137

GDP Flag (2018): $505B, CURRENT US$
Rnk 25 / 196

GDP GROWTH Flag (2008-2018): 73.3%, CURRENT US$
Rnk 51 / 196

GDP Flag (2018): $359B, CURRENT US$
Rnk 35 / 196

GDP GROWTH Flag (2008-2018): 55.4%, CURRENT US$
Rnk 74 / 196

GDP PC Flag (2018): $7,274, CURRENT US$
Rnk 91 / 196

GDP PC GROWTH Flag (2008-2018): 66.1%, CURRENT US$
Rnk 31 / 196

GDP PC Flag (2018): $11,373, CURRENT US$
Rnk 68 / 196

GDP PC GROWTH Flag (2008-2018): 34.2%, CURRENT US$
Rnk 73 / 196

Thailand-Malaysia: In 2018, Thailand exported $11.8B to Malaysia. The main products exported from Thailand to Malaysia were Office Machine Parts ($1.21B), Vehicle Parts ($802M), and Rubber ($666M). During the last 23 years the exports of Thailand to Malaysia have increased at an annualized rate of 8.2%, from $1.93B in 1995 to $11.8B in 2018.

Malaysia-Thailand: In 2018, Malaysia exported $13.9B to Thailand. The main products exported from Malaysia to Thailand were Office Machine Parts ($1.68B), Crude Petroleum ($1.66B), and Integrated Circuits ($1.54B). During the last 23 years the exports of Malaysia to Thailand have increased at an annualized rate of 6.42%, from $3.33B in 1995 to $13.9B in 2018.

Comparison: In 2018, Thailand ranked 28 in the Economic Complexity Index (ECI 0.93), and 22 in total exports ($262B). That same year, Malaysia ranked 26 in the Economic Complexity Index (ECI 0.97), and 20 in total exports ($270B). In terms of GDP Per Capita, Thailand was ranked 91 with a GDP Per Capita of $7,274, and Malaysia was ranked 68 with a GDP Per Capita of $11,373.

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, Thailand exported $11.8B to Malaysia. The main products exported from Thailand to Malaysia were Office Machine Parts ($1.21B), Vehicle Parts ($802M), and Rubber ($666M). During the last 23 years the exports of Thailand to Malaysia have increased at an annualized rate of 8.2%, from $1.93B in 1995 to $11.8B in 2018.

In 2018, Malaysia exported $13.9B to Thailand. The main products exported from Malaysia to Thailand were Office Machine Parts ($1.68B), Crude Petroleum ($1.66B), and Integrated Circuits ($1.54B). During the last 23 years the exports of Malaysia to Thailand have increased at an annualized rate of 6.42%, from $3.33B in 1995 to $13.9B in 2018.

Market Competitiveness

#permalink to section
Measure

Thailand
Top Destination
: China, $31B

Malaysia
Top Destination
: Singapore, $36.8B

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

In 2018, countries that imported more from Thailand than Malaysia were Japan ($24.9B), Cambodia ($7.62B), and Vietnam ($13B).

In 2018, countries that imported more from Malaysia than Thailand were Singapore ($36.8B), Hong Kong ($19.5B), and China ($36.1B).

Comparative Advantage Thailand - Malaysia

#permalink to section
Depth

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

During 2018, Thailand had a large net trade with Malaysia in the exports of Machines ($4B), Plastics and Rubbers ($1.78B), and Transportation ($1.65B).

During 2018, Malaysia had a large net trade with Thailand in the exports of Machines ($6.14B), Mineral Products ($2.45B), and Metals ($1.09B).

Tariff Section

#permalink to section

This sections shows import tariffs for products traded between Thailand and Malaysia (using the HS6 product classification and the last year reported).

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%).

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%).

Explore Tariff Data

*The tariffs present between Thailand and Malaysia are:
1: AANZFTA ASEAN - Australia - New Zealand Free Trade Area
84: Association of Southeast Asian Nations (ASEAN ) Free Trade Area
136: Most Favoured Nation duty rate treatement

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between Thailand and Malaysia. 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

#permalink to section

Competitive Landscape

#permalink to section

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