2022
Flag  
GDP
$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH
109%CURRENT US$
Rnk 12 / 186
2022
Flag
 GDP
$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH
24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
GDP PC 
$4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH
90.1%CURRENT US$
Rnk 11 / 186
2022
Flag
GDP PC
$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH
20.2%CURRENT US$
Rnk 87 / 186

About

Vietnam-Thailand Trade: In 2022, Vietnam exported $7.58B to Thailand. The main products that Vietnam exported to Thailand were Broadcasting Equipment ($861M), Crude Petroleum ($714M), and Telephones ($386M). Over the past 5 years the exports of Vietnam to Thailand have increased at an annualized rate of 8.8%, from $4.98B in 2017 to $7.58B in 2022.

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

Thailand-Vietnam Trade: In 2022, Thailand exported $13.4B to Vietnam. The main products that Thailand exported to Vietnam were Refined Petroleum ($1.2B), Cars ($1.17B), and Semiconductor Devices ($554M). Over the past 5 years the exports of Thailand to Vietnam have increased at an annualized rate of 1.89%,  from $11.9B in 2017 to $13.4B in 2022.

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

Comparison: In 2022,  Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Vietnam exported $7.58B to Thailand. The main products exported from Vietnam to Thailand were Broadcasting Equipment ($861M), Crude Petroleum ($714M), and Telephones ($386M). During the last 5 years the exports of Vietnam to Thailand have increased at an annualized rate of 8.8%, from $4.98B in 2017 to $7.58B in 2022.

In 2017, Thailand exported $13.4B to Vietnam. The main products exported from Thailand to Vietnam were Refined Petroleum ($1.2B), Cars ($1.17B), and Semiconductor Devices ($554M). During the last 5 years the exports of Thailand to Vietnam have increased at an annualized rate of 1.89%, from $11.9B in 2022 to $13.4B in 2017.

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

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

Latest Data

Trade between Vietnam (Flag) and Thailand (Flag)

Thailand Exports

Market Competitiveness

Color
Vietnam
Top Destination
United States$117B
Thailand
Top Destination
United States$53.4B

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 2022, countries that imported more from Vietnam than Thailand included United States ($117B), China ($58.7B), and South Korea ($25.2B).

In 2022, countries that imported more from Thailand than Vietnam included Malaysia ($12.7B), Australia ($12.6B), and Singapore ($11B).

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

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 2022, Vietnam had a large net trade with Thailand in the exports of Machines ($2.81B), Metals ($892M), and Mineral Products ($754M).

During 2017, Thailand had a large net trade with Vietnam in the exports of Machines ($3.19B), Transportation ($1.96B), and Plastics and Rubbers ($1.66B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Vietnam Thailand+$452MTelephones
Top Product Potential Thailand Vietnam+$253MIntegrated Circuits

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 Vietnam and Thailand. This means that a dot/product with the flag of Vietnam indicates it has a comparative advantage over Thailand. Similarly, a dot/product with the flag of Thailand indicates it has a comparative advantage over Vietnam.

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

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