Flag Thailand / Singapore Flag

2021
FlagFlag
Exports
: $8.92B, Rnk 8 / 217

2021
FlagFlag
Top Product
: $1.52B, Integrated Circuits

2021
FlagFlag
Exports
: $9.05B, Rnk 12 / 211

2021
FlagFlag
Top Product
: $1.12B, Blank Audio Media

2021
Flag
Economic Complexity (ECI)
: ECI 0.97, Rnk 29 / 131

2021
Flag
Economic Complexity (ECI)
: ECI 1.74, Rnk 6 / 131

2021
Flag  
GDP
: $506B, CURRENT US$
Rnk 24 / 182

2011-2021
Flag
GDP GROWTH
: 36.4%, CURRENT US$
Rnk 76 / 182

2021
Flag
 GDP
: $397B, CURRENT US$
Rnk 35 / 182

2011-2021
Flag
GDP GROWTH
: 42.1%, CURRENT US$
Rnk 67 / 182

2021
Flag
GDP PC 
: $7,233, CURRENT US$
Rnk 84 / 182

2011-2021
Flag
GDP PC GROWTH
: 31.7%, CURRENT US$
Rnk 57 / 182

2021
Flag
GDP PC
: $72,794, CURRENT US$
Rnk 6 / 182

2011-2021
Flag
GDP PC GROWTH
: 35.1%, CURRENT US$
Rnk 51 / 182

Thailand-Singapore In 2021, Thailand exported $8.92B to Singapore. The main products that Thailand exported to Singapore are Integrated Circuits ($1.52B), Gold ($1.46B), and Refined Petroleum ($1.09B). During the last 26 years the exports of Thailand to Singapore have increased at an annualized rate of 0.73%, from $7.38B in 1995 to $8.92B in 2021.

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.

Singapore-Thailand In 2021, Singapore exported $9.05B to Thailand. The main products that Singapore exported to Thailand were Blank Audio Media ($1.12B), Integrated Circuits ($1.07B), and Refined Petroleum ($657M). During the last 26 years the exports of Singapore to Thailand have increased at an annualized rate of 2.19%, from $5.15B in 1995 to $9.05B in 2021.

In 2021, Singapore did not export any services to Thailand.

Comparison In 2021,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.97), and 25 in total exports ($285B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.74), and 19 in total exports ($351B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Thailand exported $8.92B to Singapore. The main products exported from Thailand to Singapore were Integrated Circuits ($1.52B), Gold ($1.46B), and Refined Petroleum ($1.09B). During the last 26 years the exports of Thailand to Singapore have increased at an annualized rate of 0.73%, from $7.38B in 1995 to $8.92B in 2021.

In 2021, Singapore exported $9.05B to Thailand. The main products exported from Singapore to Thailand were Blank Audio Media ($1.12B), Integrated Circuits ($1.07B), and Refined Petroleum ($657M). During the last 26 years the exports of Singapore to Thailand have increased at an annualized rate of 2.19%, from $5.15B in 1995 to $9.05B in 2021.

Thailand Exports

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Singapore Exports

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Market Competitiveness

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Color

Thailand
Top Destination
: United States, $45.3B

Singapore
Top Destination
: China, $56.8B

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

In 2021, countries that imported more from Thailand than Singapore were United States ($45.3B), Japan ($25.1B), and Vietnam ($12.5B).

In 2021, countries that imported more from Singapore than Thailand were Hong Kong ($54.5B), China ($56.8B), and Malaysia ($27.7B).

Comparative Advantage Thailand - Singapore

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Flow
Scale

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

During 2021, Thailand had a large net trade with Singapore in the exports of Machines ($3.75B), Precious Metals ($1.56B), and Mineral Products ($1.3B).

During 2021, Singapore had a large net trade with Thailand in the exports of Machines ($3.75B), Chemical Products ($1.57B), and Mineral Products ($861M).

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