Friday, July 03, 2020

Thai-Myanmar border trade sees sharp decline in 2019

Dec 21. 2019
Facebook Twitter

By The Nation

Trade on the Thai-Myanmar border has seen a steep fall in the first 11 months of this year, according to official statistics.

The Office of Provincial Commercial Affairs Ranong also revealed that trade value in each month was lower than the same period year on year of six consecutive years.

The report stated that the trade volume had slumped by over Bt4 billion year on year.

The Office’s director, Wanida Arunothai, said that the trade value in November this year totalled Bt1.83 billion, up by Bt97.65 million or 5.61 per cent over the previous month. The value, however, decreased by Bt51.61 million year on year, contracting 2.71 per cent.

“Exports in November were valued at Bt1.09 billion, up by Bt86.15 million or 8.57 per cent over October,” she said. “The figure was down by Bt34.39 million, contracting 3.05 per cent year on year.”

Major export products were gasoline, lubricants, grease, gear oil, diesel oil, benzene oil, cement, steel pipes used for drilling petroleum, drinking water including mineral water and sparkling water, equipments made of steel, fishing nets, chemical fertiliser, textile goods, and so on.

Imports in November were valued at Bt746.24 million, up by Bt11.50 million or 1.57 per cent over the previous month. The value decreased by Bt16.88 million, contracting 2.21 per cent year on year.

Major import products were fresh and frozen fish, steel pipes used for drilling petroleum, fishery products, equipments made of steel, charcoal, and organic surfactant.

Wanida said Thailand enjoyed a trade surplus in November of Bt345.66 million, up from Bt74.65 or 27.55 per cent from the previous month.

“When compared with the same period of the previous year, the trade surplus is Bt363.17 million,” she said. “Thailand's trade surplus through Ranong province, however, decreased by Bt17.51 million, contracting 4.82 per cent.”

She added trade in November expanded by 27.55 per cent when compared to the previous month.

“Exports grew 8.57 per cent and imports rose 1.57 per cent year on year,” she added. “Thai-Myanmar border trade in Ranong province has remained sluggish for six consecutive months since June due to the overall economy.”

Meanwhile, the president of the Ranong Chamber of Commerce, Theeraphon Chalisarapong, said that cross-border trade in Ranong province is facing trade barriers, resulting in decrease in trade.

“If we consider the Thai-Myanmar trade background, the situation is still good to very good, the expansion of trade channels, and increasing of business partners,” he said. “Therefore, the future trend is good, because sea transportation through the Ranong border is still necessary.”

Tags:
Facebook Twitter
More in News
Editor’s Picks
wmg-logo
Top News
wmg-logo