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2022
Flag → Flag
Exports $6.48BRnk 23 / 217
2022
Flag → Flag
Top Product $1.35BDiamonds
2022
Flag → Flag
Exports $10.7BRnk 9 / 218
2022
Flag → Flag
Top Product $1.11BPalm Oil
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

India-Thailand Trade: In 2022, India exported $6.48B 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 10.8%, from $3.89B in 2017 to $6.48B in 2022.

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

Thailand-India Trade: In 2022, Thailand exported $10.7B 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 9.97%,  from $6.63B in 2017 to $10.7B in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Latest Trends

August, 2024

About

Overview In August 2024, India exported $392M and imported $1.22B from Thailand, resulting in a negative trade balance of $826M. Between August 2023 and August 2024 the exports of India have decreased by $-80.6M (-17%) from $473M to $392M, while imports increased by $345M (39.5%) from $873M to $1.22B.

Trade In August 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 August 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 August 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 August 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%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$-80.6M(-17%)
IMPORT GROWTH (August 2023 - August 2024)$345M(39.5%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Thailand and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Thailand and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $6.48B to Thailand. The main products exported from India to Thailand were Diamonds ($1.35B), Combustion Engines ($639M), and Raw Aluminium ($252M). During the last 5 years the exports of India to Thailand have increased at an annualized rate of 10.8%, from $3.89B in 2017 to $6.48B in 2022.

In 2017, Thailand exported $10.7B 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 9.97%, from $6.63B in 2022 to $10.7B in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Thailand
Top DestinationUnited States$53.4B

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

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

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

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

Comparative Advantage India - Thailand

Flow
Scale

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

During 2022, India had a large net trade with Thailand in the exports of Precious Metals ($1.52B), Machines ($1.31B), and Metals ($817M).

During 2017, Thailand had a large net trade with India in the exports of Machines ($2.48B), Plastics and Rubbers ($1.74B), and Metals ($1.25B).

Potential Exports

Potential Exports

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

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

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

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