Thailand-Singapore Trade: In 2022, Thailand exported $11B to Singapore. The main products that Thailand exported to Singapore were Integrated Circuits ($2.23B), Refined Petroleum ($1.54B), and Gold ($1.34B). Over the past 5 years the exports of Thailand to Singapore have increased at an annualized rate of 4.09%, from $9.02B in 2017 to $11B in 2022.
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 Trade: In 2022, Singapore exported $10.4B to Thailand. The main products that Singapore exported to Thailand were Integrated Circuits ($1.27B), Refined Petroleum ($1.07B), and Blank Audio Media ($979M). Over the past 5 years the exports of Singapore to Thailand have decreased at an annualized rate of 3.46%, from $12.4B in 2017 to $10.4B in 2022.
In 2022, Singapore did not export any services to Thailand.
Comparison: In 2022, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).