Thailand-Indonesia Bilateral Trade Analysis 2023
Complete trade statistics: $18.39B total volume •Thailand surplus: $2.49B
Thailand → Indonesia
$10.44B
Exports (2023)
Indonesia → Thailand
$7.95B
Imports (2023)
Trade Balance
$2.49B
Surplus for Thailand
Total Trade
$18.39B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Thailand and Indonesia. Green line shows exports from Thailand, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Thailand-Indonesia commercial relationship and competitive positioning in global markets.
Thailand → Indonesia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Thailand's export portfolio to Indonesia demonstrates strong diversification across multiple sectors, with sugars: cane sugar, raw, in solid form, other than as specified in subheading note 2 to this chapter, not containing added flavouring or colouring matter representing a key competitive advantage in this bilateral market.
Indonesia → Thailand Imports
Import Dependency Profile
📦 Import Strategy Analysis
Thailand's import pattern from Indonesia reveals strategic sourcingin oils: petroleum oils and oils obtained from bituminous minerals, crude, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Thailand demonstrates competitive strength in exportingsugars: cane sugar, raw, in solid form, other than as specified in subheading note 2 to this chapter, not containing added flavouring or colouring matter to Indonesia, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $18.39B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Thailand-Indonesia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $18.39 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Thailand maintains a surplus of $2.49 billion
- Export Focus: Thailand's primary exports include sugars: cane sugar, raw, in solid form, other than as specified in subheading note 2 to this chapter, not containing added flavouring or colouring matter, cereals: rice, semi-milled or wholly milled, whether or not polished or glazed, vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1
- Import Dependencies: Key imports from Indonesia include oils: petroleum oils and oils obtained from bituminous minerals, crude, coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $18.39B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Thailand leveraging its comparative advantages in sugars: cane sugar, raw, in solid form, other than as specified in subheading note 2 to this chapter, not containing added flavouring or colouring matter.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Thailand's specialization in sugars: cane sugar, raw, in solid form, other than as specified in subheading note 2 to this chapter, not containing added flavouring or colouring mattercomplements Indonesia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in oils: petroleum oils and oils obtained from bituminous minerals, crude.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $18.39B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $18.39B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $18.39 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in sugars: cane sugar, raw, in solid form, other than as specified in subheading note 2 to this chapter, not containing added flavouring or colouring matter and oils: petroleum oils and oils obtained from bituminous minerals, crude demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Thailand's trade surplus of $2.49 billion strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Thailand and Indonesia represents a total trade volume of $18.39 billion in 2023. This partnership demonstrates a favorable trade balance for Thailand, with exports exceeding importsby $2.49 billion.
Export Strengths
Thailand's exports to Indonesia total $10.44 billion, with competitive advantages in sugars: cane sugar, raw, in solid form, other than as specified in subheading note 2 to this chapter, not containing added flavouring or colouring matter, representing $1.16B or11.1% of bilateral exports.
Import Dependencies
Imports from Indonesia amount to $7.95 billion, highlighting economic interdependence in oils: petroleum oils and oils obtained from bituminous minerals, crude, with Oils: petroleum oils and oils obtained from bituminous minerals, crude comprising17.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Thailand's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Thailand and Indonesia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023