India’s relations with Thailand are rooted in history, age-old social and cultural interactions as well as growing economic exchanges.
2023 marked 76 years of India-Thailand diplomatic relations.
Bilateral Trade has jumped 34.28% just in the last two years.
Air connectivity is growing with up to 330 flights per week.
India offered 72 scholarships to Thai students in 2018-19.
US$ 1,172 million
FDI inflow over April 2022 to September 2022
US$ 11,698 million
The trade figures between April-November 2022
195,000
NRIs/PIOs currently live in Thailand
Bilateral Ties
India’s ‘Act East’ policy has been complemented by Thailand’s ‘Act West’ policy in bringing the two countries closer and fostering partnerships.
Multilateral Ties
India-Thailand relations have been driven by exchanges at ASEAN, East Asia Summit (EAS), BIMSTEC, Indian Ocean Rim Association (IORA), etc.
Trade
India-ASEAN Agreement in Trade in Goods was implemented in 2010, India-ASEAN FTA in Services and Investments came into force in 2015.
Trilateral Highway
India–Myanmar–Thailand Trilateral Highway is under construction that will connect Moreh, Manipur, India with Mae Sot, Thailand, via Myanmar
Tourism
India is one of the biggest contributors of annual foreign tourist inflow into Thailand, driven by beautiful scenic beauty and distinct food and culture.
India's Exports and Imports to Thailand
Source: Department of Commerce
Country / Region: THAILAND
S.No. | \Year | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 |
---|---|---|---|---|---|---|
1. | EXPORT | 4,441.40 | 4,299.30 | 4,237.59 | 5,751.30 | 5,709.81 |
2. | %Growth | -3.20 | -1.44 | 35.72 | -0.72 | |
3. | India’s Total Export | 330,078.09 | 313,361.04 | 291,808.48 | 422,004.40 | 450,958.43 |
4. | %Growth | -5.06 | -6.88 | 44.62 | 6.86 | |
5. | %Share | 1.35 | 1.37 | 1.45 | 1.36 | 1.27 |
6. | IMPORT | 7,441.81 | 6,788.38 | 5,682.27 | 9,332.59 | 11,193.36 |
7. | %Growth | -8.78 | -16.29 | 64.24 | 19.94 | |
8. | India’s Total Import | 514,078.42 | 474,709.28 | 394,435.88 | 613,052.05 | 714,042.45 |
9. | %Growth | -7.66 | -16.91 | 55.43 | 16.47 | |
10. | %Share | 1.45 | 1.43 | 1.44 | 1.52 | 1.57 |
11. | TOTAL TRADE | 11,883.21 | 11,087.67 | 9,919.86 | 15,083.88 | 16,903.18 |
12. | %Growth | -6.69 | -10.53 | 52.06 | 12.06 | |
13. | India’s Total Trade | 844,156.51 | 788,070.32 | 686,244.36 | 1,035,056.45 | 1,165,000.88 |
14. | %Growth | -6.64 | -12.92 | 50.83 | 12.55 | |
15. | %Share | 1.41 | 1.41 | 1.45 | 1.46 | 1.45 |
16. | TRADE BALANCE | -3,000.42 | -2,489.08 | -1,444.68 | -3,581.29 | -5,483.55 |
17. | India’s Trade Balance | -184,000.33 | -161,348.24 | -102,627.40 | -191,047.65 | -263,084.03 |
Note:Since 2006-07, Petroleum figures are being computed from Import Daily trade Returns (DTRs) to genetate country-wise/port-wise tables. Up to 2005-06 consolidated petroleum import figures were being received from the Petroleum Ministry.
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172, Moo 5, Sanpakwan, Hang Dong, Chiang Mai -50230,Thailand
Spirits obt. by distilling grape wine/grape marc (220820)
Whiskies (220830)
Sugar confectionery other than chewing gum (incl. white chocolate), not con … (170490)
agriexchange.apeda.gov.inMilk in powder/granules/oth. solid form, fat content by wt. not >1.5% (040210)
Milk in powder/granules/oth. solid form, unsweetened, fat content by wt. >1 … (040221)
Pasta (excl. of 1902.11-1902.20) (190230)
agriexchange.apeda.gov.inApples, fresh (080810)
Grapes, fresh (080610)
Mandarins, incl. tangerines & satsumas; clementines, wilkings & sim. citrus … (080520)
Manioc (cassava) (071410)
Potatoes, prepd./presvd. othw. than by vinegar/acetic acid, frozen, other t … (200410)
Fish; frozen, albacore or long finned tunas (Thunnus alalunga), excluding fillets, livers roes, and other fish meat of heading 0304 (030341)
Fish; frozen, n.e.c. In heading 0303, excluding fillets, livers, roes, and other fish meat of heading 0304 (030389)
Fish; frozen, skipjack or stripe-bellied bonito, excluding fillets, livers, roes, and other fish meat of heading 0304 (030343)
Fish; frozen, yellowfin tunas (Thunnus albacares), excluding fillets, livers, roes, and other fish meat of heading 0304 (030342)
Molluscs; cuttle fish and squid, whether In shell or not, frozen, dried, salted, in brine, or smoked, cooked or not before or during the smoking process (030749)
GROUND-NUT, NOT ROASTED OR OTHERWISE COOKED, WHETHER OR NOT SHELLED OR BROKEN-IN SHELLED WHETHER OR NOT BROKEN (120242)
agriexchange.apeda.gov.inProduction: 1,517,228 tons
Export: US$ 28.27 million
Production: Cement Clay – 5,837,807 tons
dpim.go.thProduction: Lignite- 14,851,950 tons
dpim.go.thProduction: 3,440,193 tons
Export: US$ 15.76 million
Production: 1,117,803 tons
Export: US$ 18.36 million
Production: 9,680,429 tons
Export : US$ 113.52 million
Limestone:
Production:180,598,116 tons
Export: US$ 7.58 million
Calcite:
Production: 1,467,822 tons
Production: Salt – 1,497,223 tons
Export: Salt – US$ 7.47 million
Production: Rock Salt – 1,487,364 tons
Export: Rock Salt – US$ 0.08 million
wmc.org.ploec.worlddpim.go.thProduction: Glass Sand – 1,557,218 tons
dpim.go.thProduction: 6,715,747 tons
dpim.go.thHere are the leading sectors of opportunities for foreign investors
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