Flag Vietnam / Thailand Flag

Exports Flag β†’ Flag  (2018): $5.63B, Rnk 12 / 126

Top Product Flag β†’ Flag (2018): $977M, Broadcasting Equipment

Exports Flag β†’ Flag (2018): $13B, Rnk 4 / 217

Top Product Flag β†’ Flag (2018): $1.07B, Refined Petroleum

Economic Complexity of Flag (2018): ECI -0.28, Rnk 81 / 137

Economic Complexity of Flag (2018): ECI 0.93, Rnk 28 / 137

GDP Flag (2018): $245B, CURRENT US$
Rnk 45 / 196

GDP GROWTH Flag (2008-2018): 147%, CURRENT US$
Rnk 10 / 196

GDP Flag (2018): $505B, CURRENT US$
Rnk 25 / 196

GDP GROWTH Flag (2008-2018): 73.3%, CURRENT US$
Rnk 51 / 196

GDP PC Flag (2018): $2,567, CURRENT US$
Rnk 141 / 196

GDP PC GROWTH Flag (2008-2018): 123%, CURRENT US$
Rnk 8 / 196

GDP PC Flag (2018): $7,274, CURRENT US$
Rnk 91 / 196

GDP PC GROWTH Flag (2008-2018): 66.1%, CURRENT US$
Rnk 31 / 196

Vietnam-Thailand: In 2018, Vietnam exported $5.63B to Thailand. The main products exported from Vietnam to Thailand were Broadcasting Equipment ($977M), Crude Petroleum ($504M), and Video Displays ($207M). During the last 23 years the exports of Vietnam to Thailand have increased at an annualized rate of 23.9%, from $41.1M in 1995 to $5.63B in 2018.

Thailand-Vietnam: In 2018, Thailand exported $13B to Vietnam. The main products exported from Thailand to Vietnam were Refined Petroleum ($1.07B), Cars ($677M), and Other Fruits ($636M). During the last 23 years the exports of Thailand to Vietnam have increased at an annualized rate of 15.6%, from $466M in 1995 to $13B in 2018.

Comparison: In 2018, Vietnam ranked 81 in the Economic Complexity Index (ECI -0.28), and 19 in total exports ($274B). That same year, Thailand ranked 28 in the Economic Complexity Index (ECI 0.93), and 22 in total exports ($262B). In terms of GDP Per Capita, Vietnam was ranked 141 with a GDP Per Capita of $2,567, and Thailand was ranked 91 with a GDP Per Capita of $7,274.

Bilateral Trade by Products

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Depth
Value

In 2018, Vietnam exported $5.63B to Thailand. The main products exported from Vietnam to Thailand were Broadcasting Equipment ($977M), Crude Petroleum ($504M), and Video Displays ($207M). During the last 23 years the exports of Vietnam to Thailand have increased at an annualized rate of 23.9%, from $41.1M in 1995 to $5.63B in 2018.

In 2018, Thailand exported $13B to Vietnam. The main products exported from Thailand to Vietnam were Refined Petroleum ($1.07B), Cars ($677M), and Other Fruits ($636M). During the last 23 years the exports of Thailand to Vietnam have increased at an annualized rate of 15.6%, from $466M in 1995 to $13B in 2018.

Market Competitiveness

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Measure

Vietnam
Top Destination
: China, $53.8B

Thailand
Top Destination
: China, $31B

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

In 2018, countries that imported more from Vietnam than Thailand were China ($53.8B), United States ($49.5B), and South Korea ($19.4B).

In 2018, countries that imported more from Thailand than Vietnam were Cambodia ($7.62B), Malaysia ($11.8B), and Australia ($11.1B).

Comparative Advantage Vietnam - Thailand

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Depth

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

During 2018, Vietnam had a large net trade with Thailand in the exports of Machines ($2.35B), Metals ($593M), and Mineral Products ($532M).

During 2018, Thailand had a large net trade with Vietnam in the exports of Machines ($2.96B), Transportation ($1.66B), and Plastics and Rubbers ($1.64B).

Tariff Section

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This sections shows import tariffs for products traded between Vietnam and Thailand (using the HS6 product classification and the last year reported).

In 2018, the products from Vietnam that paid the highest import tariffs to enter Thailand were Cigars, cheroots and cigarillos, containing tobacco (100%) and Cigarettes containing tobacco (100%).

In 2015, the products from Thailand that paid the highest import tariffs to enter Vietnam were Flowers, cut: roses, flowers and buds of a kind suitable for bouquets or ornamental purposes, fresh (5%) and Flowers, cut: carnations, flowers and buds of a kind suitable for bouquets or ornamental purposes, fresh (5%).

Explore Tariff Data

*The tariffs present between Vietnam and Thailand are:
1: AANZFTA ASEAN - Australia - New Zealand Free Trade Area
84: Association of Southeast Asian Nations (ASEAN ) Free Trade Area
136: Most Favoured Nation duty rate treatement
139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement

Trade Forecasts

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This section shows a forecast for total trade between Vietnam and Thailand. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

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 red.  This mean that the more blue a dot/product is, the more Vietnam has comparative advantage over Thailand. Similarly, the more red a dot/product is, the more Thailand has comparative advantage over Vietnam.