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

About

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 2.27%, from $11.9B in 2017 to $13.4B in 2022.

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

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2.27%, from $11.9B in 2017 to $13.4B in 2022.

In 2017, 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 2022 to $7.58B in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Vietnam (Flag)

Thailand Exports

Market Competitiveness

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

This map shows whether countries import more from Thailand or Vietnam. Each country is colored based on the difference in imports they receive from Thailand and Vietnam or the difference in the growth in imports.

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

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

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

Comparative Advantage Thailand - Vietnam

Flow
Scale

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

During 2022, Thailand had a large net trade with Vietnam in the exports of Machines ($3.19B), Transportation ($1.96B), and Plastics and Rubbers ($1.66B).

During 2017, Vietnam had a large net trade with Thailand in the exports of Machines ($2.81B), Metals ($892M), and Mineral Products ($754M).

Potential Exports

Potential Exports

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

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

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

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