Thailand is the second largest economy in the Association of Southeast Asian Nations (ASEAN) and the Greater Mekong Subregion (GMS). Thailand is an upper middle income country which maintains an open and market-oriented economy, and actively promotes foreign direct investment into the country. The country has well-developed infrastructure and has managed to transform its economy from primarily agriculture-based, to one of the most diverse in the region.
Major Indian Exports to Thailand: Jewellery including silver bars & gold; machinery and parts; metal waste scrap and products; chemicals; Vegetables and vegetable products; medicinal and pharmaceutical products; fresh aquatic animals, chilled, frozen, processed and instant, parts & accessories of vehicles; Iron, steel and products; electrical machinery & parts; coffee, tea and spices; electrical household appliances; Fabrics etc.
Major Indian Imports from Thailand: Animal or vegetable fats and oils; chemical products; polymers of ethylene, propylene, etc. in primary forms; precious stones and jewellery; iron and steel and their products; machinery and parts thereof; motor cars, parts & accessories; copper and articles thereof; aluminium products; spark-ignition reciprocating internal combustion piston; automatic data processing machines and parts thereof; air conditioning machine and parts thereof; rubber products; rubber etc.
