Thailand’s cross-border trade is expected to recover to growth of 3-6% this year, helped by Covid-19 vaccine distribution and the global economic recovery.
According to Keerati Rushchano, director-general of the Foreign Trade Department, cross-border trade, which includes transit trade, is likely to generate 1.36 to 1.40 trillion baht, up from 1.31 trillion baht in 2020.
Last year overall border trade, including transit trade, declined 1.7% from the year before mainly because of the pandemic and the closed border checkpoints to curb the spread of the Covid-19 outbreak, in addition to the strong baht.
Transit trade involves the passage of goods through more than one country.
Of last year’s figures, exports…
