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

About

Thailand-Singapore In 2020, Thailand exported $10.6B to Singapore. The main products that Thailand exported to Singapore are 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 did not export any services to Singapore.

Singapore-Thailand In 2020, Singapore exported $9.32B to Thailand . The main products that Singapore exported 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, Singapore did not export any services to Thailand.

Comparison In 2020, Thailand ranked 30 in the Economic Complexity Index (ECI 0.91), and 23 in total exports ($243B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.84), and 19 in total exports ($281B).

Historical Data

Bilateral Trade by Products

Depth

Value

Compare to

Year

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.

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.

Latest Data

Thailand Exports

Date

Singapore Exports

Date

Market Competitiveness

Measure

SectionYear

Thailand
Top Destination: United States, $35.3B

Singapore
Top Destination: China, $42.9B

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

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

Comparative Advantage Thailand - Singapore

Flow

Year

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

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).

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).

Economic Complexity

Competitive Landscape

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

About

Historical Data

Bilateral Trade by Products

Latest Data

Thailand Exports

Singapore Exports

Market Competitiveness

Comparative Advantage Thailand - Singapore

Economic Complexity

Competitive Landscape

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