Border and Cross-Border Exports in the First Half of the Year Expand by 3.2%, with a Total Export Value of 840 Billion Baht
August, 3 2022
This includes:
- Exports valued at 102.24 billion baht, an increase of 10.4%
- Imports valued at 58.23 billion baht, an increase of 8.9%
- Trade surplus of 44.04 billion baht in June 2022
For the first six months of 2022, the total border and cross-border trade value reached 849.29 billion baht, reflecting a 3.2% growth year-on-year.
- Exports: 506.83 billion baht (+1.2%)
- Imports: 342.47 billion baht (+6.3%)
- Trade surplus: 164.36 billion baht
Key Factors Supporting Export Growth
- Depreciation of the Thai baht, making Thai goods more competitive in pricing.
- Rising global oil prices and increased fuel demand from neighboring countries.
- Fuel exports to Myanmar and Laos surged by over 190%.
- Economic recovery in neighboring countries, driving higher demand for production materials.
Growth in Key Export Sectors
- Malaysia: Higher demand for car tires (+233.5%), vehicles, and parts (+48.5%).
- Cambodia: Increased imports of minerals and fuels (+407%), equipment, and parts (+139%).
Border Trade with Four Neighboring Countries (Malaysia, Laos, Myanmar, Cambodia)
- Total trade in June 2022: 92.03 billion baht (+25.5% YoY).
- Exports: 57.36 billion baht (+25.8%).
- Imports: 34.68 billion baht (+24.9%).
Key Exports by Country
- Malaysia: 16.46 billion baht (+22.8%) → Computers, electrical equipment, rubber, vehicles & parts.
- Cambodia: 14.40 billion baht (+21.0%) → Vehicles & parts, non-alcoholic beverages, internal combustion engines.
- Myanmar: 13.54 billion baht (+33.3%) → Diesel fuel, refined petroleum, cosmetics, and soaps.
- Laos: 12.96 billion baht (+27.9%) → Diesel fuel, refined petroleum, and sugar.
Cross-Border Trade with Third Countries (China, Singapore, Vietnam, Others)
- Total trade in June 2022: 68.44 billion baht (-5.9% YoY).
- Exports: 44.88 billion baht (-4.5%).
- Imports: 23.55 billion baht (-8.4%).
Key Exports by Country
- China: 20.92 billion baht (-5.7%) → Fresh/frozen/dried fruits, computers, rubber, and rubber products.
- Singapore: 4.11 billion baht (-14.3%) → Computers, electronic circuits, electrical appliances, air conditioners.
- Vietnam: 3.56 billion baht (-13.0%) → Non-alcoholic beverages, semiconductors, transistors, diodes, fresh/frozen/dried fruits.
- Other countries (Hong Kong, USA, Japan): 16.30 billion baht (+2.3%).