DAN SINKHON: A THB 431 million (US$ 13.4mn) land border trade deficit for Thailand with Myanmar was recorded at Prachuap Khiri Khan province in the first 10 months of 2018, Prachachat reports.
According to the report, which revealed import and export trade figures for six Thailand-Myanmar border provinces from January to October, 2018, cross-border trade totaled more than THB160 billion (US$ 5 billion).
All in, Thailand had the upper hand with a trade surplus to the tune of nearly THB16 billion ($500mn), calculated from THB88 billion ($2.75bn) in exports against THB73 billion ($2.28bn) in imports.
Prachuap Khiri Khan – where THB610 million ($19mn) worth of Myanmar goods were imported against THB 179 million ($5.6mn) in exported Thai goods – was one of two Thai provinces where land border trade favored Myanmar during the period. The other was Kanchanburi, where THB61.4 billion ($1.92bn) worth of Myanmar goods were imported compared to only THB504 million ($15.7mn) in Thai exports.
Surpluses to Thailand were reported in all four of the other border provinces: Tak (THB55.5 bn); Chiang Rai (THB11.9 bn); Ranong (THB9.8bn) and Mae Hong Son (THB46 million).
Imports on the Thai side were dominated by natural gas (THB61bn), followed by seafood (THB2.66bn); livestock (THB2bn) and steel (THB1.12bn). Top Thai exports were diesel (THB6.1bn); non-alcoholic beverages (THB5bn); processed oil (THB4.5bn) and textiles (THB4bn).