Thailand's cross-border trade dropped 10.76% in January due to the global economic slowdown and the Covid-19 outbreak.
The Commerce Ministry's Foreign Trade Department revealed on Wednesday that the country's overall cross-border trade amounted to THB86.07 billion in January.
Of that figure, exports from Thailand totaled THB59.5 billion while imports stood at THB26.56 billion, resulting in a trade surplus of THB32.93 billion, said the Foreign Trade Department’s Director General Keerati Rushchano.
Malaysia was Thailand’s largest trade partner among the four neighbours with the total cross-border trade volume of THB31.02 billion, said Keerati.
Thailand’s overall cross-border trade had been decreasing except exports to Cambodia that saw higher shipments of cars, livestock, fuel and minerals, he said.
Cross-border trade had been pressured by several negative factors until the Covid-19 outbreak threatened further slowdown, Keerati added.