2021
Flag  
GDP
$366BCURRENT US$
Rnk 40 / 204
2011-2021
Flag
GDP GROWTH
112%CURRENT US$
Rnk 13 / 204
2021
Flag
 GDP
$506BCURRENT US$
Rnk 24 / 204
2011-2021
Flag
GDP GROWTH
36.3%CURRENT US$
Rnk 86 / 204
2021
Flag
GDP PC 
$3,756CURRENT US$
Rnk 140 / 204
2011-2021
Flag
GDP PC GROWTH
92.3%CURRENT US$
Rnk 7 / 204
2021
Flag
GDP PC
$7,061CURRENT US$
Rnk 103 / 204
2011-2021
Flag
GDP PC GROWTH
30.8%CURRENT US$
Rnk 60 / 204

About

Vietnam-Thailand In 2021, Vietnam exported $6.43B to Thailand. The main products that Vietnam exported to Thailand are Broadcasting Equipment ($798M), Crude Petroleum ($542M), and Copper Wire ($233M). During the last 26 years the exports of Vietnam to Thailand have increased at an annualized rate of 21.5%, from $40.5M in 1995 to $6.43B in 2021.

In 2021, Vietnam did not export any services to Thailand.

Thailand-Vietnam In 2021, Thailand exported $12.5B to Vietnam. The main products that Thailand exported to Vietnam were Cars ($1.08B), Refined Petroleum ($764M), and Air Conditioners ($477M). During the last 26 years the exports of Thailand to Vietnam have increased at an annualized rate of 13.5%, from $466M in 1995 to $12.5B in 2021.

In 2021, Thailand did not export any services to Vietnam.

Comparison In 2021,  Vietnam ranked 58 in the Economic Complexity Index (ECI 0.1), and 18 in total exports ($356B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.97), and 25 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Vietnam exported $6.43B to Thailand. The main products exported from Vietnam to Thailand were Broadcasting Equipment ($798M), Crude Petroleum ($542M), and Copper Wire ($233M). During the last 26 years the exports of Vietnam to Thailand have increased at an annualized rate of 21.5%, from $40.5M in 1995 to $6.43B in 2021.

In 2021, Thailand exported $12.5B to Vietnam. The main products exported from Thailand to Vietnam were Cars ($1.08B), Refined Petroleum ($764M), and Air Conditioners ($477M). During the last 26 years the exports of Thailand to Vietnam have increased at an annualized rate of 13.5%, from $466M in 1995 to $12.5B in 2021.

Exports from Vietnam (Flag) to Thailand (Flag) (2021)

Exports from Thailand (Flag) to Vietnam (Flag) (2021)

Latest Data

Trade between Vietnam (Flag) and Thailand (Flag)

Thailand Exports

Market Competitiveness

Color
Vietnam
Top Destination
United States$99.3B
Thailand
Top Destination
United States$45.3B

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 2021, countries that imported more from Vietnam than Thailand were United States ($99.3B), China ($57.8B), and South Korea ($22.6B).

In 2021, countries that imported more from Thailand than Vietnam were Australia ($12.1B), Malaysia ($11.9B), and Singapore ($8.92B).

Difference in imports from Thailand (Flag) and Vietnam (Flag) (2021)

Comparative Advantage Vietnam - Thailand

Flow
Scale

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

During 2021, Vietnam had a large net trade with Thailand in the exports of Machines ($2.28B), Metals ($973M), and Mineral Products ($570M).

During 2021, Thailand had a large net trade with Vietnam in the exports of Machines ($2.97B), Transportation ($1.92B), and Plastics and Rubbers ($1.68B).

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

Product Space of Vietnam (Flag) and Thailand (Flag) (2021)

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