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Pricing

2022
Flag → Flag
Exports $10.4BRnk 10 / 218
2022
Flag → Flag
Top Product $1.03BRaw Sugar
2022
Flag → Flag
Exports $8.95BRnk 10 / 216
2022
Flag → Flag
Top Product $1.73BCoal Briquettes
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
Flag  
GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH43.7%CURRENT US$
Rnk 79 / 186
2022
Flag
GDP PC $6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC$4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186

About

Thailand-Indonesia Trade: In 2022, Thailand exported $10.4B to Indonesia. The main products that Thailand exported to Indonesia were Raw Sugar ($1.03B), Motor vehicles; parts and accessories (8701 to 8705) ($866M), and Ethylene Polymers ($403M). Over the past 5 years the exports of Thailand to Indonesia have increased at an annualized rate of 2.74%, from $9.1B in 2017 to $10.4B in 2022.

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

Indonesia-Thailand Trade: In 2022, Indonesia exported $8.95B to Thailand. The main products that Indonesia exported to Thailand were Coal Briquettes ($1.73B), Crude Petroleum ($1.26B), and Cars ($407M). Over the past 5 years the exports of Indonesia to Thailand have increased at an annualized rate of 5.03%,  from $7B in 2017 to $8.95B in 2022.

In 2022, Indonesia 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, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $10.4B to Indonesia. The main products exported from Thailand to Indonesia were Raw Sugar ($1.03B), Motor vehicles; parts and accessories (8701 to 8705) ($866M), and Ethylene Polymers ($403M). During the last 5 years the exports of Thailand to Indonesia have increased at an annualized rate of 2.74%, from $9.1B in 2017 to $10.4B in 2022.

In 2017, Indonesia exported $8.95B to Thailand. The main products exported from Indonesia to Thailand were Coal Briquettes ($1.73B), Crude Petroleum ($1.26B), and Cars ($407M). During the last 5 years the exports of Indonesia to Thailand have increased at an annualized rate of 5.03%, from $7B in 2022 to $8.95B in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Indonesia (Flag)

Thailand Exports

Indonesia Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
Indonesia
Top DestinationChina$67.7B

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

In 2022, countries that imported more from Thailand than Indonesia included United States ($53.4B), Australia ($12.6B), and Cambodia ($8.63B).

In 2022, countries that imported more from Indonesia than Thailand included China ($67.7B), India ($25.3B), and South Korea ($15.6B).

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

Comparative Advantage Thailand - Indonesia

Flow
Scale

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

During 2022, Thailand had a large net trade with Indonesia in the exports of Machines ($2.38B), Transportation ($1.99B), and Plastics and Rubbers ($1.53B).

During 2017, Indonesia had a large net trade with Thailand in the exports of Mineral Products ($3.22B), Machines ($1.14B), and Transportation ($1.07B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Indonesia+$160MRefined Petroleum
Top Product Potential Indonesia Thailand+$151MPetroleum Gas

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Thailand and Indonesia. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Indonesia. Similarly, a dot/product with the flag of Indonesia indicates it has a comparative advantage over Thailand.

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

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