Thailand: Cross-border trade up 6 percent in 2018 hinh anh 1The Chong Chom checkpoint in Kab Choeng district of Surin in Thailand is a main trading post with Oddar Meanchey in Cambodia (Photo:
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