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How dependent is Singapore on Thailand?

In 2024, Thailand sold $13.6 billion to Singapore, 3.1% of its imports, ranking 8th among its suppliers. Its share was 2.7% in 2019 and 5.5% in 1995. In 9 products it sells more than 50% of what Singapore buys of them (in 1, more than 75%); what Singapore buys from Thailand in those products (dominated value) adds up to $984 million, 0.22% of its imports.

Summary

Share of its imports
3.1%
Value imported
$13.6billion
Rank among its suppliers
8th
Products where it sells over 50%
9
Products where it sells over 75%
1
Dominated value
$984million
Share of total imports
0.2%

Trend

Thailand went from 5.5% to 3.1% of what Singapore buys

Trend in shares

Thailand went from 5.5% to 3.1% of what Singapore buys

Share (%)

  • Thailand 3.1%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
19957,0235.5%4
19967,4355.5%4
19977,0145.1%4
19985,1744.8%4
19995,4714.7%5
20006,1104.2%6
20015,4344.3%5
20025,8444.7%5
20035,8934.2%7
20047,4684.2%7
20057,3824%9
20068,5363.9%9
20078,6253.2%9
200811,8213.7%9
20098,5413.5%8
20109,3883.2%9
201110,8173%11
201211,0942.9%11
201310,9672.8%12
20149,8712.6%11
20159,6723.1%8
20168,8123%8
20178,4412.5%12
20189,4902.6%12
20199,7042.7%10
202013,3804%8
20219,9902.5%10
202213,0302.8%9
202313,0703.1%8
202413,6423.1%8

Products where Thailand sells more than half

9 products, 0.22% of what it buys
ProductSupplierShareSecondValue
Precious metal scrapThailand52%Hong Kong · 10.5%$465 million
TugboatsThailand52.5%India · 38%$188 million
Prepared meatThailand60.5%China · 14.2%$135 million
Cane and beet sugarThailand54.8%Malaysia · 14.7%$83 million
StarchesThailand73.7%Malaysia · 5.6%$43 million
Pearl and gemstone articlesThailand53.6%China · 14.9%$36 million
Ships for scrapThailand99.1%over 75%Malaysia · 0.7%$18 million
Hydrogen peroxideThailand54.8%Indonesia · 29.8%$12 million
Other cereal floursThailand50.3%Malaysia · 26%$4 million

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Are there other suppliers in the world?

Exports from the rest of the world already have buyers; the figure shows scale, not availability.

Seen from Thailand

Thailand’s 5th customer, 4% of its sales

Singapore is Thailand’s 5th-largest customer, with 4% of its exports.

Sources and method

CEPII BACI and 1 more

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.