2022
Flag  
GDP
$495BCURRENT US$
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2012-2022
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GDP GROWTH
24.6%CURRENT US$
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2022
Flag
 GDP
$467BCURRENT US$
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2012-2022
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GDP GROWTH
58.2%CURRENT US$
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2022
Flag
GDP PC 
$6,909CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
20.2%CURRENT US$
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2022
Flag
GDP PC
$82,808CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
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About

Thailand-Singapore In 2022, Thailand exported $11B to Singapore. The main products that Thailand exported to Singapore are Integrated Circuits ($2.23B), Refined Petroleum ($1.54B), and Gold ($1.34B). During the last 27 years the exports of Thailand to Singapore have increased at an annualized rate of 1.54%, from $7.3B in 1995 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 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). During the last 27 years the exports of Singapore to Thailand have increased at an annualized rate of 2.62%, from $5.18B in 1995 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 0.88), and 27 in total exports ($312B). That same year, Singapore ranked 5 in the Economic Complexity Index (ECI 1.53), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $11B to Singapore. The main products exported from Thailand to Singapore were Integrated Circuits ($2.23B), Refined Petroleum ($1.54B), and Gold ($1.34B). During the last 27 years the exports of Thailand to Singapore have increased at an annualized rate of 1.54%, from $7.3B in 1995 to $11B in 2022.

In 2022, Singapore exported $10.4B to Thailand. The main products exported from Singapore to Thailand were Integrated Circuits ($1.27B), Refined Petroleum ($1.07B), and Blank Audio Media ($979M). During the last 27 years the exports of Singapore to Thailand have increased at an annualized rate of 2.62%, from $5.18B in 1995 to $10.4B in 2022.

Exports from Thailand (Flag) to Singapore (Flag) (2022)

Exports from Singapore (Flag) to Thailand (Flag) (2022)

Latest Data

Trade between Thailand (Flag) and Singapore (Flag)

Thailand Exports

Singapore Exports

Market Competitiveness

Color
Thailand
Top Destination
United States$53.4B
Singapore
Top Destination
Hong Kong$51.6B

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 ($53.4B), Japan ($24.6B), and Laos ($4.5B).

In 2021, countries that imported more from Singapore than Thailand were Hong Kong ($51.6B), Malaysia ($35.9B), and China ($51.2B).

Difference in imports from Singapore (Flag) and Thailand (Flag) (2022)

Comparative Advantage Thailand - Singapore

Flow
Scale

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

During 2022, Thailand had a large net trade with Singapore in the exports of Machines ($4.92B), Mineral Products ($2.02B), and Precious Metals ($1.63B).

During 2022, Singapore had a large net trade with Thailand in the exports of Machines ($4.06B), Chemical Products ($1.57B), and Mineral Products ($1.17B).

Service Trade

Bilateral Service Trade

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.

Services Exports from Thailand (Flag) to Singapore (Flag) (2020)

Economic Complexity

Competitive Landscape

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.

Product Space of Thailand (Flag) and Singapore (Flag) (2022)

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