Bilateral trade between Thailand, India likely to reach $12 billion

The bilateral trade between Thailand and India is expected to touch $12 billion during the current year, Somsak Triamjangarun, Consul General of the Royal Thai Consulate General said on Tuesday.

"The Bilateral trade between Thailand and India reached $8 billion in 2014 and is forecast at $12 billion this year. Thailand had a trade surplus with India of $2 billion last year," Triamjangarun said in an interactive meeting organised by the Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI).

A majority of exports to India from Thailand are Chemical Products, Polymers of ethylene propylene, etc in primary forms, precious stones and jewellery, air-conditioning machines and parts among others, the envoy said.

Thailand imports from India include chemicals, ships, boats and floating structures, parts & accessories of vehicles, machinery and spare parts, jewellery including silver bars and gold, vegetables and vegetable products, he added.