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
$409BCURRENT US$
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2012-2022
Flag
GDP GROWTH
109%CURRENT US$
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2022
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GDP PC 
$6,909CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
20.2%CURRENT US$
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2022
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GDP PC
$4,164CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
90.1%CURRENT US$
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About

Thailand-Vietnam In 2022, Thailand exported $13.4B to Vietnam. The main products that Thailand exported to Vietnam are Refined Petroleum ($1.2B), Cars ($1.17B), and Semiconductor Devices ($554M). During the last 27 years the exports of Thailand to Vietnam have increased at an annualized rate of 13.2%, from $466M in 1995 to $13.4B in 2022.

In 2022, Thailand did not export any services to Vietnam.

Vietnam-Thailand In 2022, Vietnam exported $7.58B to Thailand. The main products that Vietnam exported to Thailand were Broadcasting Equipment ($861M), Crude Petroleum ($714M), and Telephones ($386M). During the last 27 years the exports of Vietnam to Thailand have increased at an annualized rate of 21.4%, from $40.6M in 1995 to $7.58B in 2022.

In 2022, Vietnam 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, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.062), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $13.4B to Vietnam. The main products exported from Thailand to Vietnam were Refined Petroleum ($1.2B), Cars ($1.17B), and Semiconductor Devices ($554M). During the last 27 years the exports of Thailand to Vietnam have increased at an annualized rate of 13.2%, from $466M in 1995 to $13.4B in 2022.

In 2022, Vietnam exported $7.58B to Thailand. The main products exported from Vietnam to Thailand were Broadcasting Equipment ($861M), Crude Petroleum ($714M), and Telephones ($386M). During the last 27 years the exports of Vietnam to Thailand have increased at an annualized rate of 21.4%, from $40.6M in 1995 to $7.58B in 2022.

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

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

Latest Data

Trade between Thailand (Flag) and Vietnam (Flag)

Thailand Exports

Market Competitiveness

Color
Thailand
Top Destination
United States$53.4B
Vietnam
Top Destination
United States$117B

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

In 2021, countries that imported more from Thailand than Vietnam were Malaysia ($12.7B), Australia ($12.6B), and Singapore ($11B).

In 2021, countries that imported more from Vietnam than Thailand were United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

Comparative Advantage Thailand - Vietnam

Flow
Scale

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

During 2022, Thailand had a large net trade with Vietnam in the exports of Machines ($3.19B), Transportation ($1.96B), and Plastics and Rubbers ($1.66B).

During 2022, Vietnam had a large net trade with Thailand in the exports of Machines ($2.81B), Metals ($892M), and Mineral Products ($754M).

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

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

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