Thailand’s cross-border trade in Q1 increase by 1.86 percent
The Department of Foreign Trade has unveiled the gross value of Thailand’s cross-border trading with immediate neighbouring countries during this year’s first quarter has amounted to 342.63 billion baht, accounting for a 1.86 percent increase with Malaysia as the largest cross-border trading partner, followed by Laos and Cambodia.
Department of Foreign Trade Director General Adul Chotinisakorn (Photo: thainews.prd.go.th)Bangkok (NNT/VNA) - The Department of Foreign Trade has unveiled the
gross value of Thailand’s cross-border trading with immediate neighbouring
countries during this year’s first quarter has amounted to 342.63 billion baht,
accounting for a 1.86 percent increase with Malaysia as the largest
cross-border trading partner, followed by Laos and Cambodia.
Besides, Thailand’s cross-border trading with other countries through the immediate neighbouring ones has seen southern China as the largest trading partner, followed by Vietnam and Singapore.
Department of Foreign Trade Director General Adul Chotinisakorn said Thailand’s cross-border trading with immediate neighbouring countries during this year’s first quarter has amounted to 342.63 billion baht, accounting for a 1.86 percent increase and including 192.29 billion baht in export goods, accounting for a 0.49 percent increase, and 150.33 billion baht in import goods, accounting for a 3.66 percent increase. Thailand has earned 41.95 billion baht in trade surplus.
The combined value of cross-border trading with four immediate neighbouring countries has accounted for 279.53 billion baht, marking a 0.18 percent increase, including 159.88 billion baht in export goods, marking a 1.95 percent drop, and 119.65 billion baht in import goods, marking a 3.17 percent increase. Thailand has enjoyed 40.23 billion baht in trade surplus whereas the combined value of Thailand’s cross-border trading with three other countries through the immediate neighbouring ones has amounted to 63.09 billion baht, accounting for a 10.03 percent increase, including 32.40 billion baht in export goods, marking a 14.57 percent increase and 30.68 billion baht in import goods, marking a 5.61 percent increase. Thailand has earned 1.72 billion baht in trade surplus.
Malaysia has become Thailand’s largest cross-border trading partner with 139.63 billion baht in combined trade value, accounting for 0.39 percent increase, and including 67.48 billion baht in export goods, accounting for a 6.16 percent drop, and 72.14 billion baht in import goods, accounting for a 7.39 percent increase. Myanmar has become the second largest cross-border trading partner with 49.64 billion baht, followed by Laos with 48.21 billion baht and Cambodia with 42.03 billion baht in combined trade value. Thailand’s cross-border trading through Laos has seen southern China as the largest trading partner with 27.17 billion baht, accounting for 50.51 percent increase, including 9.74 billion baht in export goods, accounting for a 42.58 percent increase and 17.42 billion baht in import goods, accounting for a 55.35 percent increase, followed by Vietnam with 18.72 billion baht and Singapore with 17.19 billion baht.
The Department of Foreign Trade has continually accelerated the border trading promotion and special economic zone development such as YEN-D Programme, Four Border Regions Trade Expo and seminars and business matching sessions in the course of trade and investment promotion for border entrepreneurs and special economic zone development.
During April 26 and April 28, the department has organised a border trade expo in Su-ngai Kolok district of Narathiwat to stimulate the three border provinces’ economy. The trade expo featured southern Thailand’s outstanding products and Malaysia’s quality products as well as business matching sessions. Malaysia has immediately placed over four million baht in purchase orders for Thai goods with another 65 million baht expected to follow within a one-year time.
Those goods included curry ingredients, burger beef, cosmetic products and deep-fried fish paste. Besides, the Thai and Malaysian public and private sectors held a local-level meeting and agreed to promote Halal food and cross-border tourism in Kelantan and Terengganu, among other destinations.
During March 31 and April 2, the department has led a delegation of SME entrepreneurs in Thailand’s border provinces with Myanmar to a business matching session and knock-door visit to major Myanmar modern traders who have agreed to co-invest with Thai entrepreneurs and start-up businesspersons and to open factories in Myanmar for the manufacturing of seasoning goods and rubber products for which the department has planned to provide continual support.-VNA
Besides, Thailand’s cross-border trading with other countries through the immediate neighbouring ones has seen southern China as the largest trading partner, followed by Vietnam and Singapore.
Department of Foreign Trade Director General Adul Chotinisakorn said Thailand’s cross-border trading with immediate neighbouring countries during this year’s first quarter has amounted to 342.63 billion baht, accounting for a 1.86 percent increase and including 192.29 billion baht in export goods, accounting for a 0.49 percent increase, and 150.33 billion baht in import goods, accounting for a 3.66 percent increase. Thailand has earned 41.95 billion baht in trade surplus.
The combined value of cross-border trading with four immediate neighbouring countries has accounted for 279.53 billion baht, marking a 0.18 percent increase, including 159.88 billion baht in export goods, marking a 1.95 percent drop, and 119.65 billion baht in import goods, marking a 3.17 percent increase. Thailand has enjoyed 40.23 billion baht in trade surplus whereas the combined value of Thailand’s cross-border trading with three other countries through the immediate neighbouring ones has amounted to 63.09 billion baht, accounting for a 10.03 percent increase, including 32.40 billion baht in export goods, marking a 14.57 percent increase and 30.68 billion baht in import goods, marking a 5.61 percent increase. Thailand has earned 1.72 billion baht in trade surplus.
Malaysia has become Thailand’s largest cross-border trading partner with 139.63 billion baht in combined trade value, accounting for 0.39 percent increase, and including 67.48 billion baht in export goods, accounting for a 6.16 percent drop, and 72.14 billion baht in import goods, accounting for a 7.39 percent increase. Myanmar has become the second largest cross-border trading partner with 49.64 billion baht, followed by Laos with 48.21 billion baht and Cambodia with 42.03 billion baht in combined trade value. Thailand’s cross-border trading through Laos has seen southern China as the largest trading partner with 27.17 billion baht, accounting for 50.51 percent increase, including 9.74 billion baht in export goods, accounting for a 42.58 percent increase and 17.42 billion baht in import goods, accounting for a 55.35 percent increase, followed by Vietnam with 18.72 billion baht and Singapore with 17.19 billion baht.
The Department of Foreign Trade has continually accelerated the border trading promotion and special economic zone development such as YEN-D Programme, Four Border Regions Trade Expo and seminars and business matching sessions in the course of trade and investment promotion for border entrepreneurs and special economic zone development.
During April 26 and April 28, the department has organised a border trade expo in Su-ngai Kolok district of Narathiwat to stimulate the three border provinces’ economy. The trade expo featured southern Thailand’s outstanding products and Malaysia’s quality products as well as business matching sessions. Malaysia has immediately placed over four million baht in purchase orders for Thai goods with another 65 million baht expected to follow within a one-year time.
Those goods included curry ingredients, burger beef, cosmetic products and deep-fried fish paste. Besides, the Thai and Malaysian public and private sectors held a local-level meeting and agreed to promote Halal food and cross-border tourism in Kelantan and Terengganu, among other destinations.
During March 31 and April 2, the department has led a delegation of SME entrepreneurs in Thailand’s border provinces with Myanmar to a business matching session and knock-door visit to major Myanmar modern traders who have agreed to co-invest with Thai entrepreneurs and start-up businesspersons and to open factories in Myanmar for the manufacturing of seasoning goods and rubber products for which the department has planned to provide continual support.-VNA
You should also see
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pool of both domestic and international investors for socio-economic development.
See more
World
Argentinian scholar praises Vietnam’s April 30, 1975 victory
The complete reunification of Vietnam on April 30, 1975 was an extremely significant event in the history of the country and the world, opined a scholar from the Institute for International Relations at the National University of La Plata, Argentina.
World
Malaysia tackles food security challenges
Empowering local communities in the agriculture sector to attract young people to this field is one of the measures taken by Malaysia to address labour shortage while also contributing to tackling challenges in food security.
World
Danger warning issued for Thailand’s Bangkok as extreme heat bites
Thai authorities on April 24 issued an extreme heat warning for Bangkok, urging people to stay indoors for their safety as temperatures soared.
World
Schools in Philippines go online amid extreme heat
Record heat in the Philippines in April has forced schools to send children home for online classes.
ASEAN
UK supports ASEAN’s economic integration
The UK delegation to ASEAN held a seminar in Jakarta, Indonesia on April 24 to discuss the ASEAN-UK economic integration programme.
