fbpx
Bangkok One News
Home » Cross border trade falls in January
Breaking News Business

Cross border trade falls in January

According to Sinit, land trade with third countries and border trade with four neighboring countries totaled 140.166 billion baht in January.

It was made up of 68.499 billion baht in imports, down 0.61%, and 71.667 billion baht in exports, down 6.44%.

He said that Thailand continued to have a 3.168 billion baht trade surplus.

Thailand’s border trade value fell by 3.68% year over year in January.

He said that a number of causes contributed to the decline in border trade value with Malaysia, Laos, Myanmar, and Cambodia as well as by-land trade value to other third nations besides the four.

These included the depreciation of the currencies of Laos and Myanmar, which caused them to purchase less items from Thailand, as well as the continuous decline in Malaysia’s demand for latex from Thailand.

The border commerce with Malaysia, Laos, Myanmar, and Cambodia totaled 81.555 billion baht in January, down 8.79% year over year. This figure includes 48.019 billion in exports, down 10.05%, and 33.537 billion in imports, down 6.92%.

Thailand’s border trade value fell by 3.68% year over year in January.

The value of by-land commerce through the four neighboring countries in January, which comprised Singapore, Vietnam, China, and other countries, was 58.611 billion baht, an increase of 4.47% compared to the previous year.

The sum was made up of imports totaling 34.962 billion baht, an increase of 6.31%, and exports for 24.649 billion baht, an increase of 1.86%.

Thailand’s border trade value fell by 3.68% year over year in January.

According to Sinit, the value of exports to third countries made by land through four neighboring countries increased mostly as a result of the rise in fruit shipments to China.

Translate »
Social media & sharing icons powered by UltimatelySocial