Border trade and cross-border trade in May grew by 38%, up for 5 consecutive months!

Cross-border trade

By Mr. Jurin Laksanawisit, Minister of Commerce, revealed the figures of border trade and cross-border trade in May, which is as high as 150,858 million baht or +38%, which has expanded continuously for 5 consecutive months this year, totaling 677,078 million baht, or a growth rate of 29.15%. It is expected that this year will be able to surpass the target of 1.4 trillion baht.

The value of border and cross-border trade in May can be divided into:

• Border trade 75,659 million baht (+4.13%)
• Cross-border trade 75,199 million baht (+7.45%)

If combined from the beginning of the year (January – May), it can be divided into

• Border trade 371,040 million baht (+19.85%)
• Cross-border trade 306,038 million baht (+42.57%)

The factors that make trade positive are as follows:

• Continuously pushing for the opening of border checkpoints to increase border trade (46 checkpoints have been opened from 97 checkpoints that were closed and will be opened 11 more checkpoints)
• Collaboration between the Ministry of Commerce and the private sector to accelerate and proactively resolve issues so that goods crossing each country’s borders can pass more conveniently and quickly.
• Economic stimulus measures and increased vaccinations by each country have led to the reopening of cities and increased economic activity.

Data source: Department of Foreign Trade