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Trade between Singapore and Thailand

In 2024, Singapore exported $7.8 billion to Thailand and imported $13.6 billion. Singapore ran a deficit of $5.9 billion with Thailand, compared with a deficit of $1.4 billion in 2019. Thailand was Singapore’s 10th largest trading partner (3% of its trade), and Singapore was Thailand’s 6th (3%).

Summary

Singapore → Thailand
$7.8billion
Thailand → Singapore
$13.6billion
Singapore’s balance
-$5.9billion

Balance

Singapore’s trade balance with Thailand

Trade between Singapore and Thailand grew 81% since 1995

USD billions (current). Singapore’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 7.8
  • Imports 13.6
  • Balance -5.9

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$4.8 billion$7 billion-$2.2 billion
1996$4.4 billion$7.4 billion-$3 billion
1997$3.5 billion$7 billion-$3.5 billion
1998$2.7 billion$5.2 billion-$2.4 billion
1999$3.2 billion$5.5 billion-$2.3 billion
2000$3.7 billion$6.1 billion-$2.4 billion
2001$3.1 billion$5.4 billion-$2.4 billion
2002$3.2 billion$5.8 billion-$2.6 billion
2003$3.6 billion$5.9 billion-$2.3 billion
2004$4.3 billion$7.5 billion-$3.2 billion
2005$5.5 billion$7.4 billion-$1.8 billion
2006$6 billion$8.5 billion-$2.6 billion
2007$7.7 billion$8.6 billion-$884 million
2008$7.8 billion$11.8 billion-$4 billion
2009$6.9 billion$8.5 billion-$1.6 billion
2010$7.9 billion$9.4 billion-$1.5 billion
2011$7.3 billion$10.8 billion-$3.5 billion
2012$8.1 billion$11.1 billion-$3 billion
2013$8.8 billion$11 billion-$2.2 billion
2014$8.5 billion$9.9 billion-$1.4 billion
2015$7.5 billion$9.7 billion-$2.2 billion
2016$6.8 billion$8.8 billion-$2 billion
2017$11.6 billion$8.4 billion$3.1 billion
2018$8.6 billion$9.5 billion-$907 million
2019$8.3 billion$9.7 billion-$1.4 billion
2020$7.9 billion$13.4 billion-$5.4 billion
2021$7.7 billion$10 billion-$2.3 billion
2022$8.4 billion$13 billion-$4.6 billion
2023$8.7 billion$13.1 billion-$4.4 billion
2024$7.8 billion$13.6 billion-$5.9 billion

What they sell each other

What Singapore sells to Thailand

The top 10 headings in 2024, with their share of the total.

  1. Discs and storage media$1 billion · 12.9%
    3 thousand tonnes
  2. Gold$1 billion · 12.9%
    14 tonnes · Singapore’s destinations
  3. Microchips$657 million · 8.4%
    324 tonnes · Singapore’s destinations
  4. Fragrance mixtures$500 million · 6.4%
    27 thousand tonnes
  5. Refined petroleum$349 million · 4.5%
    403 thousand tonnes · Singapore’s destinations
  6. Other food preparations$333 million · 4.3%
    15 thousand tonnes
  7. Fuel and lubricant additives$164 million · 2.1%
    44 thousand tonnes
  8. Dredgers and floating cranes$163 million · 2.1%
    20 thousand tonnes
  9. Printed circuit boards$142 million · 1.8%
    261 tonnes
  10. Natural gas and LPG$141 million · 1.8%
    224 thousand tonnes

What Thailand sells to Singapore

The top 10 headings in 2024, with their share of the total.

  1. Gold$2.2 billion · 16.3%
    27 tonnes · Thailand’s destinations
  2. Microchips$1.6 billion · 11.7%
    483 tonnes · Thailand’s destinations
  3. Refined petroleum$1.2 billion · 9.1%
    1.7 million tonnes · Thailand’s destinations
  4. Cameras and broadcast equipment$952 million · 7%
    2 thousand tonnes
  5. Computer and office machine parts$811 million · 6%
    5 thousand tonnes
  6. Computers$704 million · 5.2%
    2 thousand tonnes · Thailand’s destinations
  7. Discs and storage media$531 million · 3.9%
    1 thousand tonnes
  8. Precious metal scrap$465 million · 3.4%
    67 tonnes
  9. Steel structures$311 million · 2.3%
    17 thousand tonnes
  10. Cargo and cruise ships$283 million · 2.1%
    337 thousand tonnes · Singapore’s sources

How it travels

Estimated sea route from Singapore to Laem Chabang.

The estimated sea route between Singapore and Laem Chabang is 820 nautical miles (1,519 km) long: ≈ 2–2.5 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$8.5 billion · 39.7%
  2. Air$12.9 billion · 60.3%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Thailand was Singapore’s 10th largest trading partner (3% of its trade), and Singapore was Thailand’s 6th (3%).

Thailand in Singapore’s trade
2.8%
Thailand’s rank among Singapore’s partners
10th
Singapore in Thailand’s trade
3.3%
Singapore’s rank among Thailand’s partners
6th

Compare with

Other partners of Singapore

Other partners of Thailand

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.