Thailand (THA) and India (IND) Trade | OEC - The Observatory of Economic Complexity

About

Thailand-India In 2021, Thailand exported $8.5B to India. The main products that Thailand exported to India are Palm Oil ($597M), Diamonds ($414M), and Polyacetals ($367M). During the last 26 years the exports of Thailand to India have increased at an annualized rate of 13.6%, from $307M in 1995 to $8.5B in 2021.

In 2021, Thailand did not export any services to India.

India-Thailand In 2021, India exported $5.91B to Thailand. The main products that India exported to Thailand were Diamonds ($1.04B), Combustion Engines ($608M), and Motor vehicles; parts and accessories (8701 to 8705) ($192M). During the last 26 years the exports of India to Thailand have increased at an annualized rate of 9.11%, from $613M in 1995 to $5.91B in 2021.

In 2021, India did not export any services to Thailand.

Comparison In 2021, Thailand ranked 29 in the Economic Complexity Index (ECI 0.97), and 25 in total exports ($285B). That same year, India ranked 41 in the Economic Complexity Index (ECI 0.61), and 14 in total exports ($403B).

Historical Data

Bilateral Trade by Products

Depth

Value

Year

In 2021, Thailand exported $8.5B to India. The main products exported from Thailand to India were Palm Oil ($597M), Diamonds ($414M), and Polyacetals ($367M). During the last 26 years the exports of Thailand to India have increased at an annualized rate of 13.6%, from $307M in 1995 to $8.5B in 2021.

In 2021, India exported $5.91B to Thailand. The main products exported from India to Thailand were Diamonds ($1.04B), Combustion Engines ($608M), and Motor vehicles; parts and accessories (8701 to 8705) ($192M). During the last 26 years the exports of India to Thailand have increased at an annualized rate of 9.11%, from $613M in 1995 to $5.91B in 2021.

Latest Data

Thailand Exports

Date

India Exports

Date

Market Competitiveness

Color

SectionYear

Thailand
Top Destination: United States, $45.3B

India
Top Destination: United States, $71.2B

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

In 2021, countries that imported more from Thailand than India were Japan ($25.1B), China ($37.7B), and Cambodia ($6.69B).

In 2021, countries that imported more from India than Thailand were United States ($71.2B), United Arab Emirates ($25.4B), and Bangladesh ($14.1B).

Comparative Advantage Thailand - India

Flow

Scale

Year

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

During 2021, Thailand had a large net trade with India in the exports of Machines ($2.09B), Plastics and Rubbers ($1.6B), and Chemical Products ($1.04B).

During 2021, India had a large net trade with Thailand in the exports of Machines ($1.32B), Precious Metals ($1.14B), and Metals ($986M).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Thailand has comparative advantage over India. Similarly, the more yellow a dot/product is, the more India has comparative advantage over Thailand.

About

Historical Data

Bilateral Trade by Products

Latest Data

Thailand Exports

India Exports

Market Competitiveness

Comparative Advantage Thailand - India

Economic Complexity

Competitive Landscape

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