Cambodia’s cross-border volume with Thailand up while others register declines

[geovalin]

Thailand’s cross-border trade, including transit trade, fell by 4.88% year-on-year in the first nine months of 2020, spurred on by the pandemic and the slowing economy. Cambodia at 119.30 billion bhat, registered a 0.73% increase. Bilateral trade between Cambodia and Thailand was valued at $5,569 million up to the third quarter of this year, a year-on-year decrease of 19 percent compared to the same period last year.

 

Figures from Thailand’s Ministry of Commerce show that from January to September, Cambodia exported US$958 million to Thailand, sliding down 48 percent. Meanwhile, the Kingdom’s total imports from Thailand decreased by 9 percent, to $4,611 million.

 

Two-way trade with Malaysia totalled 175.10 billion baht (down 17.23%), followed by trade with Laos (139.68 billion, down 5.60%) and Myanmar (127.01 billion, down 12.83%). The Commerce Ministry’s Foreign Trade Department reported on Wednesday that overall border and transit trade totalled 968.87 billion baht, with Malaysia registering as the biggest partner by value and rubber fetching the highest value among products traded.

 

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