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How dependent is Thailand on Singapore?

In 2024, Singapore sold $7.8 billion to Thailand, 2.6% of its imports, ranking 10th among its suppliers. Its share was 3.6% in 2019 and 6.8% in 1995. In 4 products it sells more than 50% of what Thailand buys of them (in 1, more than 75%); what Thailand buys from Singapore in those products (dominated value) adds up to $674 million, 0.22% of its imports.

Summary

Some of these goods may have been produced in another country: countries record origin in different ways.

Share of its imports
2.6%
Value imported
$7.8billion
Rank among its suppliers
10th
Products where it sells over 50%
4
Products where it sells over 75%
1
Dominated value
$674million
Share of total imports
0.2%

Trend

Singapore went from 6.8% to 2.6% of what Thailand buys

Trend in shares

Singapore went from 6.8% to 2.6% of what Thailand buys

Share (%)

  • Singapore 2.6%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
19954,8386.8%3
19964,3916.2%3
19973,5035.6%3
19982,7356.3%3
19993,1526.2%3
20003,6606%4
20013,0775%5
20023,2335.1%5
20033,5754.7%5
20044,2744.5%5
20055,5414.7%6
20065,9624.7%6
20077,7415.5%5
20087,7854.4%6
20096,9365.2%5
20107,9064.4%7
20117,3363.3%12
20128,1383.4%10
20138,7623.6%7
20148,4693.8%7
20157,4803.7%7
20166,7723.5%7
201711,5695.2%5
20188,5833.5%8
20198,2743.6%6
20207,9303.9%5
20217,6672.9%9
20228,4452.9%9
20238,6913.1%7
20247,7862.6%10

Products where Singapore sells more than half

4 products, 0.22% of what it buys
ProductSupplierShareSecondValue
Fragrance mixturesSingapore62.5%Indonesia · 12.5%$500 million
Fuel and lubricant additivesSingapore56.2%United States · 8.8%$164 million
Metal filing cabinets, trays and office equipmentSingapore58%China · 39.5%$6 million
Hand-woven and needle-worked tapestriesSingapore89.5%over 75%Saudi Arabia · 9.9%$3 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 Singapore

Singapore’s 12th customer, 2.4% of its sales

Thailand is Singapore’s 12th-largest customer, with 2.4% 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.