Commerce Minister Jurin Laksanawisit said on Wednesday overall cross-border trade, including transit trade, is likely to grow by 8-9% this year, up from an estimate of 4-5% growth made last month. Mr Jurin said cross-border trade including transit trade tallied 1.42 trillion baht between January and October, up 31.7% year-on-year. Of the total, exports made up 860 billion baht, up 37.4%, while imports rose 23.9% to 564 billion baht. Last year, overall border trade including transit trade declined 1.7% from 2019 to 1.31 trillion baht. "Factors expanding border trade include the global economic recovery, baht depreciation, and quick reopening of border checkpoints."

Source: Bangkok Post December 09, 2021 06:32 UTC