2022
Flag  
GDP
$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH
24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 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
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186

About

Thailand-India Trade: In 2022, Thailand exported $6.63B to India. The main products that Thailand exported to India were Palm Oil ($1.11B), Diamonds ($688M), and Polyacetals ($426M). Over the past 5 years the exports of Thailand to India have increased at an annualized rate of 85%, from $306M in 2017 to $6.63B in 2022.

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

India-Thailand Trade: In 2022, India exported $3.89B to Thailand. The main products that India exported to Thailand were Diamonds ($1.35B), Combustion Engines ($639M), and Raw Aluminium ($252M). Over the past 5 years the exports of India to Thailand have increased at an annualized rate of 44.3%,  from $621M in 2017 to $3.89B in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $6.63B to India. The main products exported from Thailand to India were Palm Oil ($1.11B), Diamonds ($688M), and Polyacetals ($426M). During the last 5 years the exports of Thailand to India have increased at an annualized rate of 85%, from $306M in 2017 to $6.63B in 2022.

In 2017, India exported $3.89B to Thailand. The main products exported from India to Thailand were Diamonds ($1.35B), Combustion Engines ($639M), and Raw Aluminium ($252M). During the last 22 years the exports of India to Thailand have increased at an annualized rate of 44.3%, from $621M in 1995 to $3.89B in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and India (Flag)

Thailand Exports

India Exports

Market Competitiveness

Color
Thailand
Top Destination
United States$53.4B
India
Top Destination
United States$82.9B

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 2022, countries that imported more from Thailand than India included China ($35.3B), Japan ($24.6B), and Cambodia ($8.63B).

In 2022, countries that imported more from India than Thailand included United States ($82.9B), United Arab Emirates ($31.6B), and Bangladesh ($13.8B).

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

Comparative Advantage Thailand - India

Flow
Scale

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

During 2022, Thailand had a large net trade with India in the exports of Machines ($2.48B), Plastics and Rubbers ($1.74B), and Metals ($1.25B).

During 2017, India had a large net trade with Thailand in the exports of Precious Metals ($1.52B), Machines ($1.31B), and Metals ($817M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand India+$273MComputers
Top Product Potential India Thailand+$230MRefined Petroleum

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

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

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