Thailand's border and cross-border trade volume increases by 31% year-on-year in the first half of 2021

According to Thai media reports on July 30, a report from the Department of International Trade of the Ministry of Commerce of Thailand shows that the total value of border and cross-border trade in the first six months of 2021 reached 823.
172 billion baht, an increase of 31.
21% year-on-year.
It is believed that the new crown pneumonia epidemic It will not have much impact on the growth of border and cross-border trade, and the annual growth rate will be able to smoothly achieve the original target value of 3-6%
.


Deputy Prime Minister and Minister of Commerce Zhu Lin revealed on the 28th that the total border and cross-border trade in June this year was 146,994 million baht, an increase of 41.
68% compared to the same period last year
.
It can be divided into border trade, which accounted for 73.
376 billion baht, an increase of 20.
65%; and cross-border trade, which was valued at 72.
718 billion baht, an increase of 71.
91%
.
By country, the border trade volume between Thailand and Malaysia in June was up to 24,849 million baht, an increase of 15.
33%; Laos was followed by about 17.
894 billion baht, an increase of 18.
4%; Myanmar was about 17.
139 billion baht, an increase of 31.
79%.
; And Cambodia’s 13.
494 billion baht, an increase of 20.
99%
.


  The combined value of border and cross-border trade in the first six months of this year reached 823.
172 billion baht, an increase of 31.
21%
.
Subdivided into border trade accounted for 444.
416 billion baht, an increase of 19.
98%; and cross-border trade value was 377.
8 billion baht, an increase of 47.
4%
.
At the same time, Thailand’s merchandise exports accounted for 50.
949 billion baht, an increase of 37.
21% compared with the previous year; and the value of imported goods was 322.
223 billion baht, an increase of 22.
85% compared with the previous year; the trade surplus was about 178,726 million.
Baht
.


Taking border trade alone, the cumulative value of border trade in the first six months of this year was 444.
416 billion baht, an increase of 19.
98% compared to the same period last year.
It can be divided into exports of 273.
46 billion baht, an increase of 24.
74% compared with the previous year; imports are about 1,709.
Billion baht, an increase of 13.
08% compared with the previous year; the trade surplus reached 102.
516 billion baht
.


  By country, the value of the border trade between Thailand and Malaysia was as high as 159.
323 billion baht, an increase of 45.
58% compared to the same period last year.
Among them, exports accounted for 86.
49 billion baht, which increased by 64.
57% compared with the same period last year.
Important export commodities include rubber, Computer equipment and spare parts, automobile equipment and spare parts; imports of about 72.
24 billion baht, an increase of 28.
03% compared with the same period last year; trade surplus of 13.
675 billion baht
.
Secondly, the border trade between Thailand and Laos was worth about 105.
263 billion baht, an increase of 14.
13% compared with the same period last year, of which exports accounted for 62.
845 million baht, an increase of 19.
86% compared with the same period last year.
Important export commodities were diesel, gold, As well as other refined oil products; imports of approximately 42.
418 billion baht, an increase of 6.
59% over the same period last year; a trade surplus of 20.
427 million baht
.


  Subsequently, the border trade between Thailand and Myanmar was valued at approximately 95,973 million baht, an increase of 10.
63% compared to the same period last year.
It can be divided into exports accounting for 54.
96 billion baht, an increase of 24% compared to the same period last year.
Important export commodities include diesel, Non-alcoholic beverages, flavorings and herbs; imports of approximately 41 billion 67 million baht, a decrease of 3.
31% compared with the same period last year; a trade surplus of 13.
389 million baht
.
The value of the border trade between Thailand and Cambodia totaled 83.
857 million baht, a small increase of 2.
27% compared with the same period last year.
It can be divided into exports accounting for 69,216 million baht, a decrease of 1.
07% compared with the same period last year.
Important export commodities include non-alcoholic beverages, Cars, and other means of transportation; imports are about 14.
641 billion baht, an increase of 21.
67% compared to the same period last year; the trade surplus is 54.
575 billion baht
.


  In terms of cross-border trade, in the first half of the year, the cumulative total was 377.
8 billion baht, an increase of 47.
4% compared to the same period last year.
It was subdivided into exports accounting for 227,483 million baht, an increase of 55.
97% compared with the same period last year; imports were about 151.
273 billion baht.
, An increase of 36.
16% compared with the same period last year; the trade surplus was about 76.
210 billion baht
.


  Subdivided into the value of cross-border trade between Thailand and China in the first six months of this year amounted to 176.
145 billion baht, an increase of 60.
38% compared with the same period last year.
It can be divided into exports of about 97.
493 million baht, an increase of 65.
7% compared with the same period last year.
Important export commodities are fresh and chilled fruits, computer equipment and spare parts, and rubber; imports accounted for 78,652 million baht, an increase of 54.
25% compared to the same period last year
.
The cross-border trade volume between Thailand and Singapore was 56.
638 billion baht, an increase of 35.
84% compared with the same period last year.
It can be divided into exports accounting for 24.
419 billion baht, a 50.
65% increase compared with the same period last year.
The important export commodities are computer equipment and retail products.
Accessories, printed circuit boards; imports of approximately 32.
219 billion baht, an increase of 26.
42% compared with the same period last year
.


  The value of cross-border trade between Thailand and Vietnam in the first half of the year was approximately 34.
67 billion baht, an increase of 15.
94% compared to the same period last year.
It can be divided into exports of approximately 24.
169 billion baht, which rose by 9.
35% compared with the same period last year.
Alcoholic beverages, semiconductors and fresh and chilled fruits; imports accounted for 10.
498 billion baht, an increase of 34.
6% compared to the same period last year
.
The remainder is cross-border trade with other countries reaching 111.
36 billion baht, an increase of 47.
37% compared to the same period last year.
It can be divided into exports accounting for 81.
2 billion baht, a sharp increase of 67.
13% compared with the same period last year; imports are about 29.
94 billion baht.
, An increase of 11.
48% compared with the same period last year
.


  There are a total of 97 border checkpoints across Thailand.
Most of them were temporarily closed last year due to the new crown pneumonia epidemic.
However, with the improvement of the epidemic situation, 44 border checkpoints have resumed normal service, and the Ministry of Commerce has actively introduced economic stimulus measures, such as The Export-Import Bank of Thailand (EXIM Bank) cooperated to assist small and medium exporters and increase the liquidity of small and medium enterprises (SMEs)
.
The Ministry of Commerce is confident that this year's border and transit trade value can successfully achieve the original target value, an increase of 3-6% year-on-year
.