Thailand (THA) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

About

Thailand-Malaysia Trade: In 2022, Thailand exported $12.7B to Malaysia. The main products that Thailand exported to Malaysia were Refined Petroleum ($917M), Motor vehicles; parts and accessories (8701 to 8705) ($897M), and Integrated Circuits ($721M). Over the past 5 years the exports of Thailand to Malaysia have increased at an annualized rate of 3.36%, from $10.7B in 2017 to $12.7B in 2022.

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

Malaysia-Thailand Trade: In 2022, Malaysia exported $14.9B to Thailand. The main products that Malaysia exported to Thailand were Crude Petroleum ($1.97B), Integrated Circuits ($1.95B), and Petroleum Gas ($1.19B). Over the past 5 years the exports of Malaysia to Thailand have increased at an annualized rate of 4.79%, from $11.8B in 2017 to $14.9B in 2022.

In 2022, Malaysia 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, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Thailand exported $12.7B to Malaysia. The main products exported from Thailand to Malaysia were Refined Petroleum ($917M), Motor vehicles; parts and accessories (8701 to 8705) ($897M), and Integrated Circuits ($721M). During the last 5 years the exports of Thailand to Malaysia have increased at an annualized rate of 3.36%, from $10.7B in 2017 to $12.7B in 2022.

In 2017, Malaysia exported $14.9B to Thailand. The main products exported from Malaysia to Thailand were Crude Petroleum ($1.97B), Integrated Circuits ($1.95B), and Petroleum Gas ($1.19B). During the last 5 years the exports of Malaysia to Thailand have increased at an annualized rate of 4.79%, from $11.8B in 2022 to $14.9B in 2017.

Exports from Thailand () to Malaysia () (2022)

Exports from Malaysia () to Thailand () (2022)

Latest Data

Trade between Thailand () and Malaysia ()

Thailand Exports

Date

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$53.4B

Malaysia
Top DestinationSingapore$53.8B

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

In 2022, countries that imported more from Thailand than Malaysia included United States ($53.4B), Cambodia ($8.63B), and Laos ($4.5B).

In 2022, countries that imported more from Malaysia than Thailand included Singapore ($53.8B), China ($48.5B), and Hong Kong ($21.7B).

Difference in imports from Malaysia () and Thailand () (2022)

Comparative Advantage Thailand - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Thailand had a large net trade with Malaysia in the exports of Machines ($3.31B), Transportation ($2.05B), and Plastics and Rubbers ($1.75B).

During 2017, Malaysia had a large net trade with Thailand in the exports of Machines ($5.09B), Mineral Products ($3.7B), and Chemical Products ($1.64B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Thailand Malaysia+$626MIntegrated Circuits

Top Product Potential Malaysia Thailand+$813MCrude Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Malaysia () (2022)

Exports from Malaysia () to Thailand () (2022)

Latest Data

Trade between Thailand () and Malaysia ()

Thailand Exports

Malaysia Exports

Market Competitiveness

Difference in imports from Malaysia () and Thailand () (2022)

Comparative Advantage Thailand - Malaysia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Thailand () and Malaysia () (2022)

Keep Exploring