Thailand’s border trade value in January drops by 3.68% year on year

Sinit said the value of border trade with four neigbouring nations and trade by land with third countries in January stood at 140.166 billion baht.

It comprised 71.667 billion baht of exports, down 6.44%, and 68.499 billion baht of imports, down 0.61%, Sinit added.

He said Thailand still enjoyed a trade surplus of 3.168 billion baht.

He said the fall in border trade value with Malaysia, Laos, Myanmar and Cambodia and by-land trade value to third countries apart from the four fell because of several factors.

They included the weakening of the currencies of Laos and Myanmar, prompting them to buy lesser quantities of goods from Thailand, while Malaysia’s demand for latex from Thailand also continued to contract.

Border trade value only with Malaysia, Laos, Myanmar and Cambodia in January amounted to 81.555 billion baht, a fall of 8.79 per cent year on year, comprising 48.019 billion worth of exports, a fall of 10.05%, and 33.537 billion worth of imports, a drop of 6.92%.

Also in January, the value of by-land trade via the four neighouring countries to other countries, which included Singapore, Vietnam, China and other nations, was 58.611 billion baht, an increase of 4.47% year on year.

The amount comprised 24.649 billion baht worth of exports, an increase of 1.86%, and 34.962 billion baht worth of imports, an increase of 6.31%.

Sinit said the value of exports by land via four neighbouring countries to third nations rose mainly because of the increase in exports of fruits to China.