Border trade drops 2.97 per cent in first 11 months of year

[webfact]

Border trade drops 2.97 per cent in first 11 months of year

By The Nation

 

 

Border trade in the first 11 months of 2019 fell 2.94 per cent year on year to Bt1.23 trillion, the Department of Foreign Trade under the Commerce Ministry revealed.

 

Keerati Rushchano, director-general of the department, said that Malaysia remained Thailand’s top trade partner among border countries with Bt476 billion, down 8.76 per cent, followed by Laos Bt181 billion, Myanmar Bt180 billion and Cambodia Bt146 billion while border trade with the southern province of China was worth Bt118 billion -- up 25.31 per cent -- followed by Singapore Bt67 billion and Vietnam Bt60 billion.

 

The lower border trade was attributed to the baht’s appreciation, the global economic slowdown, and the trade war between the US and China.

 

Trade with Malaysia has decreased constantly due to fall in exports of rubber products and computers, exports of diesel, car and parts to Laos declined, while exports of cattle products, diesel oil products, non-alcoholic beverages, fabric and threads to Myanmar decreased.

 

Meanwhile, exports to South China grew 25.31 per cent. The most favourable products were fresh fruit and vegetables, computer parts and dried longan. The trade situation with Singapore worsened due to a decrease in the export of combustion machines, computers and circuits while exports of fresh fruit and vegetables, non-alcoholic drinks and dried longan to Vietnam declined.

 

Source: https://www.nationthailand.com/business/30379834

 

-- © Copyright The Nation Thailand 2019-12-26

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[RichardColeman]

3 hours ago, webfact said:

Border trade in the first 11 months of 2019 fell 2.94 per cent year on year to Bt1.23 trillion, the Department of Foreign Trade under the Commerce Ministry revealed.

Still, 1 month to go and that month I am sure will be a bumper +10% seasonally adjusted figure to make up for any loses

[bluesofa]

12 hours ago, webfact said:

exports of diesel, car and parts to Laos declined

I was always under the impression Laos imported most of its fuel via Thailand.

It begs the question as to whether Laos is consuming less, or are they perhaps importing more from elsewhere?

[chama]

With the Baht going the way it is likely that trade is going to suffer with most non-essential items (does Thailand provide any essential items to the outside world?) exported to all partners. 

[Srikcir]

15 hours ago, bluesofa said:

I was always under the impression Laos imported most of its fuel via Thailand.

Among Vietnam's major exports to Laos are oil and gas.

https://vietnamnews.vn/economy/507298/viet-nam-exports-974-million-goods-to-laos-in-jan-feb.html

Laos, Vietnam speeding up oil pipeline project (Nov. 2017)

https://www.mekongeye.com/2017/10/12/laos-vietnam-speeding-up-oil-pipeline-project/

[GalaxyMan]

16 hours ago, bluesofa said:

I was always under the impression Laos imported most of its fuel via Thailand.

It begs the question as to whether Laos is consuming less, or are they perhaps importing more from elsewhere?

Perhaps from their Chinese masters? ????