India / Thailand

Overview In July 2024, India exported $367M and imported $1.06B from Thailand, resulting in a negative trade balance of $695M. Between July 2023 and July 2024 the exports of India have decreased by $-62M (-14.5%) from $429M to $367M, while imports increased by $262M (32.8%) from $799M to $1.06B.

Trade In July 2024, the top exports of India to Thailand were Pearl, Precs, Semiprecs Stones ($60.5M), Ic Engines And Parts ($37.7M), Oil Meals ($31.7M), Marine Products ($29.1M), and Drug Formulations, Biologicals ($20.5M). In July 2024 the top imports of India from Thailand were Plastic Raw Materials ($90.1M), Vegetable Oils ($61.9M), Electronics Components ($56.1M), Ac, Refrigeration Machnry Etc ($48.9M), and Organic Chemicals ($48.1M).

Growth In July 2024, the decrease in India's year-by-year exports to Thailand was explained primarily by an decrease in product exports in Pearl, Precs, Semiprecs Stones ($-103M or -63%), Ic Engines And Parts ($-30.4M or -44.7%), and Iron And Steel ($-19.5M or -66.7%). In July 2024, the increase in India's year-by-year imports  from Thailand was explained primarily by an increase in product imports  in Electronics Components ($43.1M or 333%), Vegetable Oils ($26.8M or 76.6%), and Telecom Instruments ($15.5M or 95.4%).