Thailand: Cross-border trade up 6 percent in 2018
Thailand fetched 1.4 trillion THB (44.5 billion USD) from cross-border trade in 2018, up 6 percent over the previous year, but falling short of the set target of 1.5 trillion THB.
The Chong Chom checkpoint in Kab Choeng district of Surin in Thailand is a main trading post with Oddar Meanchey in Cambodia (Photo: www.bangkokpost.com)Bangkok (VNA) – Thailand fetched 1.4
trillion THB (44.5 billion USD) from cross-border trade in 2018, up 6 percent
over the previous year, but falling short of the set target of 1.5 trillion THB.
According to Thailand’s Department of Foreign Trade, the ongoing US-China trade row, natural disasters, and foreign exchange fluctuations were the main factors hampering trade.
Of the cross-border trade total, border exports represented 778.29 billion THB, down 0.8 percent year-on-year; while border imports were worth 614.33 billion THB, up 14.9 percent.
Thailand’s border trade with Laos, Myanmar, Cambodia, and Malaysia reached 1.12 trillion THB – with exports making up 650.9 billion THB, down 0.5 percent; and imports worth 473.76 billion THB, up 11 percent.
Malaysia was the biggest partner for border trade, followed by Laos, Myanmar, and Cambodia.
Thailand’s trade with Singapore, Vietnam, and southern China rose 12.7 percent to 267.95 billion THB, up 12.7 percent against 2017. –VNA
According to Thailand’s Department of Foreign Trade, the ongoing US-China trade row, natural disasters, and foreign exchange fluctuations were the main factors hampering trade.
Of the cross-border trade total, border exports represented 778.29 billion THB, down 0.8 percent year-on-year; while border imports were worth 614.33 billion THB, up 14.9 percent.
Thailand’s border trade with Laos, Myanmar, Cambodia, and Malaysia reached 1.12 trillion THB – with exports making up 650.9 billion THB, down 0.5 percent; and imports worth 473.76 billion THB, up 11 percent.
Malaysia was the biggest partner for border trade, followed by Laos, Myanmar, and Cambodia.
Thailand’s trade with Singapore, Vietnam, and southern China rose 12.7 percent to 267.95 billion THB, up 12.7 percent against 2017. –VNA
You should also see
PM chairs meeting of national committee for digital transformation
Prime Minister Pham Minh Chinh chaired the eighth meeting of the National Committee for Digital Transformation on April 24, which aims to assess digital transformation efforts and development of the digital economy in recent times and discuss tasks and solutions for accelerating the work in 2024.
See more
World
Malaysia, Philippines warn of severe heat in upcoming summer
Malaysia and the Philippines have warned of severe heat during the upcoming summer.
World
Thailand re-considers tourism tax
Thai tourism operators are urging the Thai government to seriously consider measures to tackle overtourism. One of the proposed measures is a tourism tax of 300 baht (8.11 USD).
World
Ten crew members killed after two Malaysian navy helicopters collide
Ten people have died after two navy helicopters collided in mid-air during a military rehearsal for a Royal Malaysian Navy parade.
World
Indonesian Constitutional Court rejects petitions against presidential election results
The Indonesian Constitutional Court on April 22 rejected all petitions regarding the country’s presidential election results filed by two presidential candidates - Anies Baswedan-Muhaimin Iskandar and Ganjar Prabowo-Mahfud M.D.
ASEAN
ASEAN youth empowered to unleash potential: ASEAN chief
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
