Tuesday, January 19, 2021
Khmer Daily Cambodia News
27 °c
Phnom Penh
  • LATEST
  • CAMBODIA
  • ASIA
  • WORLD
  • BUSINESS
  • ENTERTAINMENT
  • LIFESTYLE
  • TECHNOLOGY
No Result
View All Result
  • LATEST
  • CAMBODIA
  • ASIA
  • WORLD
  • BUSINESS
  • ENTERTAINMENT
  • LIFESTYLE
  • TECHNOLOGY
No Result
View All Result
Khmer Daily Cambodia News
No Result
View All Result
Home Cambodia

Cross-border trade between Cambodia and Thailand shows marginal increase

Khmer Times by Khmer Times
August 19, 2020
in Business, Cambodia, National
0
Cross-border trade between Cambodia and Thailand shows marginal increase
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Thailand’s cross-border trade fell by 9.18% year-on-year in the first half, attributed to lockdown measures and the slowing economies of neighbouring countries.

Only Cambodia, which is one of the four countries with land border with Thailand, was the only nation to register a meagre 2.27 percent growth for the first half of this year.

The Foreign Trade Department reported overall cross-border trade, including transit trade, totalled 627 billion baht for January to June, with Malaysia the biggest partner by value.

Transit trade involves the passage of goods through more than one country.

Of the total figures, exports were 365 billion baht, down 8.6% year-on-year, while imports shrank by 9.98% to 262 billion, resulting in a trade surplus of 103 billion.

Border trade with four neighbouring countries amounted to 370 billion baht, down 13.7% year-on-year. Of the total, exports stood at 219 billion baht, down 11.9%, and imports were 262 billion, down 9.98%. Thailand maintained a trade surplus of 68.1 billion baht.

Two-way trade with Malaysia totalled 109 billion baht (down 26.8%), followed by trade with Laos (92.3 billion, down 7.09%), Myanmar (86.7 billion, down 13.7%).

Transit trade, mainly with Singapore, Vietnam and southern China, fell 1.70% in the first half to 257 billion baht.

Transit trade with southern China and Singapore went up by 16% and 13.7%, respectively. Transit trade value was 110 billion baht with southern China and 41.7 billion baht with Singapore.

Transit trade value with Vietnam and other countries fell by 23.9% and 16.8% to 29.9 billion and 75.5 billion baht, respectively.

Keerati Rushchano, director-general of the Foreign Trade Department, said Covid-19 and lockdown measures to curb its spread dealt a heavy blow to trade and tourism as well as the overall economy, both in Thailand and neighbouring countries. Bangkok Post

This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.

Tags: CambodiaCambodia and ThailandCross-border trade between Cambodiatrade between Cambodiatrade between Cambodia and Thailand
Previous Post

Philippines bans poultry products from Australia over bird flu outbreak

Next Post

Oracle enters race to buy TikTok’s US operations: FT

Next Post
Oracle enters race to buy TikTok’s US operations: FT

Oracle enters race to buy TikTok's US operations: FT

Khmer Daily Latest News

China possibly committed ‘genocide’ against Xinjiang Uighurs, says US commission

China possibly committed ‘genocide’ against Xinjiang Uighurs, says US commission

January 19, 2021
‘Robust’ new Cambodia cassava policy aims to diversify farming and boost exports

‘Robust’ new Cambodia cassava policy aims to diversify farming and boost exports

January 19, 2021
Prince Bank: Multiple awards pave the way for an aspiring industry leader

Prince Bank: Multiple awards pave the way for an aspiring industry leader

January 19, 2021

© 2020 By Khmer Daily News

No Result
View All Result
  • Home
  • Latest
  • Cambodia
  • ASIA
  • World
  • Business
  • Tech

© 2020 Khmer Daily

error: Content is protected !!