World

Thailand’s border trade strongly surges in Q1

Thailand's border and transit trade value increased by 19.3 percent year on year to 384 billion baht (12.3 billion USD) in the first quarter of 2021.
Thailand’s border trade strongly surges in Q1 ảnh 1Traffic at the Sadao checkpoint in Songkhla province, on the border with Malaysia (Photo: https://www.bangkokpost.com/)
Bangkok (VNA) - Thailand's border and transit trade value increased by 19.3percent year on year to 384 billion baht (12.3 billion USD) in the firstquarter of 2021.

According to the Foreign Trade Department of Thailand, the rise was mainly drivenby trade with Malaysia and rising demand for Thai rubber.

Of the total, exports from Thailand valued at 226 billion baht, up 20.5 percentfrom the same period last year, while imports rose 17.7 percent to 158 billionbaht, resulting in a trade surplus of 68.4 billion baht during the reviewedperiod.

Trade with Malaysia, including transit trade, saw the highest value of 146billion baht, up 26.7 percent, followed by Laos, up 34 percent to 144 billionbaht.

The department said the border trade value of Thailand with its fourneighbouring countries in the quarter amounted to 223 billion baht, up 9.57percent.

Meanwhile, the transit trade with other countries, including Singapore, Vietnamand southern China, totaled 161 billion baht, up 36.1 percent, it added./. 
VNA
#border and transit trade#value#trade surplus#transit trade#Vietnamplus#Vietnam news#Vietnam News Agency
Follow VietnamPlus

Related News

Thailand's economy affected by third wave of COVID-19

Thailand's economy affected by third wave of COVID-19

Thailand’s GDP growth may dive to 1.6 percent if the government fails to stimulate its economy reeling from the third wave of COVID-19 infections, according to the University of the Thai Chamber of Commerce (UTCC).
COVID-19 complicated in Southeast Asian nations

COVID-19 complicated in Southeast Asian nations

Laos on March 3 added 33 new COVID-19 cases in six out of 18 cities and provinces in the past 24 hours, marking a three-fold decrease from a day earlier, reported its Health Ministry.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.