Southeast Asia / Market profile
A research starting point for understanding Thailand from an Indian business perspective.
Last updated: 4 October 2026
ThailandIndia-focused research
Source: Time.is
View sourceKey indicators for the selected market. Country indicators are dated; trade figures use the latest available year.
71.67M
2024
World Bank
View sourceUS$529.39B
2024
World Bank
View source2.9%
2024
World Bank
View sourceUS$301.47B
2024
WTO Tariff & Trade Data, WTO IDB
View sourceWorld Bank population, GDP and growth and WTO IDB merchandise imports refer to 2024. Imports exclude services. Research frameworks below are prompts, not verified permissions or recommendations.
Last verified: 4 October 2026
Data years: Population: 2024; GDP: 2024; GDP growth: 2024; Import market size: 2024
Historical exports and leading recorded products, not a forecast of demand.
US$5.08B
-7.0% YoYIndia exports to Thailand (2024)
Source: CEPII BACI HS17 via India Trade Routes
Recorded route summary
India recorded exports to Thailand in every BACI year from 2017 to 2024. In 2024, India's exports to Thailand were $5.08B, down 7.0% year over year. The 3 largest HS6 products by value were Diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set (HS 710239, $405.5M, 8.0% of the total); Engines: compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of a kind used for the propulsion of vehicles of chapter 87 (HS 840820, $336.8M, 6.6% of the total); Medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale (HS 300490, $138.5M, 2.7% of the total).
HS6 710239
HS6 840820
HS6 300490
Four research lenses to understand the market, not a recommendation to enter it.
Thailand recorded US$301.47B of merchandise imports in 2024. Investigate product-specific buyer evidence before drawing demand conclusions.
Source: WTO Tariff & Trade Data, WTO IDB (2024)
View sourceCheck the linked evidence and its date before acting.
Review product fit, delivery capacity, localisation and customer support.
This research guidance has no linked supporting evidence yet.
Check ASEAN-India agreement schedules and product origin requirements before assuming tariff eligibility.
Source: India Ministry of Commerce
View sourceCheck the linked evidence and its date before acting.
Assess staffing, operating locations, responsibilities and costs before committing.
This research guidance has no linked supporting evidence yet.
Choose a research focus. No sector has been established as an opportunity in this country.
Possible routes to evaluate, not recommendations for this country.
Evaluate buyer access, contracting, fulfilment and support responsibilities.
01Indian business
02Entry route
03Buyer or partner
04Local operations
05Expansion
Check these against your product, HS code and business model.
What to check
Define the buyer and test product-specific demand.
What to check
Verify classification, documentation, tariffs and restrictions.
What to check
Check the applicable ASEAN-India schedule and rules of origin; do not assume eligibility.
What to check
Verify the relevant authority, activity and product requirements.
What to check
Obtain current transaction-specific guidance; tax treatment remains pending verification.
What to check
Compare costs, control and responsibilities without assuming a recommended route.
Verify current requirements with the relevant authority before acting. This is not legal or tax advice.
Verify ownership, incorporation and activity permissions. Country-specific requirements remain pending verification.
Verify ownership, incorporation and activity permissions. Country-specific requirements remain pending verification.
Verify classification, documentation and importer responsibilities with the relevant authority.
Verify classification, documentation and importer responsibilities with the relevant authority.
Verify applicable entity and transaction tax obligations with qualified advisers.
Verify applicable entity and transaction tax obligations with qualified advisers.
Verify applicable processing, privacy and sector requirements.
Verify applicable processing, privacy and sector requirements.
Verify standards, conformity, labelling and product approvals.
Verify standards, conformity, labelling and product approvals.
Identify the relevant regulator and verify activity permissions.
Identify the relevant regulator and verify activity permissions.
Explore sourced bilateral information relevant to Indian businesses.
No institutional endorsement or partnership is implied.
ThailandExplore recorded exports and products in the trade section above.
View trade dataConsult official ASEAN-India agreement information and verify the applicable schedule and origin documentation before claiming preferential treatment.
Source: India Ministry of Commerce
Consult official ASEAN-India agreement information and verify the applicable schedule and origin documentation before claiming preferential treatment.
Use the source and its scope to guide further research; no relationship or tariff entitlement is implied.
Source: India Ministry of Commerce
Last verified: 4 October 2026
View sourceThe Indian Embassy in Bangkok provides official bilateral resources. No endorsement or partnership is implied.
Source: Indian Embassy Bangkok
The Indian Embassy in Bangkok provides official bilateral resources. No endorsement or partnership is implied.
Use the source and its scope to guide further research; no relationship or tariff entitlement is implied.
Source: Indian Embassy Bangkok
Last verified: 4 October 2026
View sourceIdentify potential partners through further research. No relationship or endorsement is implied.
Identify potential partners through further research. No relationship or endorsement is implied.
Use the source and its scope to guide further research; no relationship or tariff entitlement is implied.
Consult official embassy resources and verify their scope for the proposed activity.
Source: Indian Embassy Bangkok
Consult official embassy resources and verify their scope for the proposed activity.
Use the source and its scope to guide further research; no relationship or tariff entitlement is implied.
Source: Indian Embassy Bangkok
Last verified: 4 October 2026
View sourceStart with the product and HS code. Verify buyers, origin eligibility, import requirements, approvals and taxes before comparing operating routes.
Understand the market
Identify relevant sectors
Assess your readiness
Evaluate entry routes
Identify partners
Build an expansion plan
Discover → Prepare → Connect → Expand
Source and research starting points for this country briefing.
Start with your business context before drawing conclusions about a market.
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