Thailand’s border and transit trade value increased by 19.3% year-on-year to 384 billion baht in the first quarter this year, driven mainly by trade with Malaysia and rising demand for Thai rubber.
Transit trade refers to the transport of goods through more than one country.
Of the total figures, exports from Thailand totalled 226 billion baht, up 20.5% from the same period last year, while imports rose 17.7% to 158 billion, resulting in a trade surplus of 68.4 billion during the first three months, according to the Foreign Trade Department.
Trade with Malaysia, including transit trade, saw the highest value of 146 billion baht, up 26.7%, followed by Laos, up 34% to 144 billion. Meanwhile, trade with Cambodia declined by 3.76% to 47.5 billion and trade with Myanmar fell by 7.07% to 45.7 billion.
Department chief Keerati Rushchano said growth in trade was mostly…
