Cambodia-Thailand trade continues contraction

[geovalin]

Bilateral trade between Cambodia and Thailand has started early 2021 on a downward note with contraction continuing as the impact of the COVID-19 pandemic remains very much in evidence. Two-way trade was valued at $653 million in January 2021, a year-on-year decrease of 10.6 percent, data from Thailand’s Ministry of Commerce shows.

 

Cambodia exports to Thailand in January totalled $113 million, a slide down of 4.8 percent year-on-year, according to the report. Meanwhile Cambodia imported $540 million of goods from Thailand, a decline of 11.7 percent compared with January of 2020.

 

Last year, two-way trade was valued at $7.236 billion last year, a decrease of 23 percent from 2019. These declines follow years of steady growth in the countries’ bilateral trade.

 

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