(Photo by Patipat Janthong)Thailand's border trade fell in February, attributed to a strong baht and higher competition from Chinese goods. The Commerce Ministry's Foreign Trade Department on Tuesday reported overall cross-border trade, including transit trade, shrank by 2.47% year-on-year in February to 83.8 billion baht. Transit trade consists of businesses connected with the passage of goods through more than one country. Malaysia remained the biggest partner for border trade, with two-way border trade amounting to 88.7 billion baht, followed by Laos at 31.7 billion, Myanmar at 31.2 billion and Cambodia at 27.3 billion. Exports increased by 7.67% to 19.9 billion baht, while imports surged 21% to 20.7 billion, resulting in a trade deficit of 715.8 million baht.

Source: Bangkok Post March 26, 2019 23:37 UTC