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2023
Flag → Flag
Exports $12.5BRnk 7 / 216
2023
Flag → Flag
Top Product $1.11BMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag → Flag
Exports $13.4BRnk 6 / 221
2023
Flag → Flag
Top Product $2.19BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag  
GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
 GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
GDP PC $7,182CURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195
2023
Flag
GDP PC$11,379CURRENT US$
Rnk 85 / 196
2013-2023
Flag
GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195

About

Thailand-Malaysia Trade: In 2023, Thailand exported $12.5B to Malaysia. The main products that Thailand exported to Malaysia were Motor vehicles; parts and accessories (8701 to 8705) ($1.11B), Delivery Trucks ($817M), and Integrated Circuits ($700M). Over the past 5 years the exports of Thailand to Malaysia have decreased at an annualized rate of 0.32%, from $12.7B in 2018 to $12.5B in 2023.

In 2023, Thailand did not export any services to Malaysia.

Malaysia-Thailand Trade: In 2023, Malaysia exported $13.4B to Thailand. The main products that Malaysia exported to Thailand were Crude Petroleum ($2.19B), Integrated Circuits ($1.5B), and Petroleum Gas ($1.07B). Over the past 5 years the exports of Malaysia to Thailand have decreased at an annualized rate of 0.39%,  from $13.7B in 2018 to $13.4B in 2023.

In 2023, Malaysia did not export any services to Thailand.

Comparison: In 2023,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). That same year, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Thailand exported $12.5B to Malaysia. The main products exported from Thailand to Malaysia were Motor vehicles; parts and accessories (8701 to 8705) ($1.11B), Delivery Trucks ($817M), and Integrated Circuits ($700M). During the last 5 years the exports of Thailand to Malaysia have decreased at an annualized rate of 0.32%, from $12.7B in 2018 to $12.5B in 2023.

In 2018, Malaysia exported $13.4B to Thailand. The main products exported from Malaysia to Thailand were Crude Petroleum ($2.19B), Integrated Circuits ($1.5B), and Petroleum Gas ($1.07B). During the last 5 years the exports of Malaysia to Thailand have decreased at an annualized rate of 0.39%, from $13.7B in 2023 to $13.4B in 2018.

Exports from Thailand (Flag) to Malaysia (Flag) (2023)

Exports from Malaysia (Flag) to Thailand (Flag) (2023)

Latest Data

Trade between Thailand (Flag) and Malaysia (Flag)

Thailand Exports

Malaysia Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$58.5B
Malaysia
Top DestinationChina$79.8B

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 2023, countries that imported more from Thailand than Malaysia included United States ($58.5B), Cambodia ($6.19B), and Japan ($24.9B).

In 2023, countries that imported more from Malaysia than Thailand included China ($79.8B), Singapore ($47.3B), and Hong Kong ($19.3B).

Difference in imports from Malaysia (Flag) and Thailand (Flag) (2023)

Comparative Advantage Thailand - Malaysia

Flow
Scale

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

During 2023, Thailand had a large net trade with Malaysia in the exports of Machines ($3.24B), Transportation ($2.63B), and Plastics and Rubbers ($1.44B).

During 2018, Malaysia had a large net trade with Thailand in the exports of Machines ($4.12B), Mineral Products ($3.84B), and Chemical Products ($1.36B).

Potential Exports

Potential Exports

Depth
View
Sort By
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.

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Economic Complexity

Competitive Landscape

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.

Product Space of Thailand (Flag) and Malaysia (Flag) (2023)

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