Despite slower economic growth in neighbouring countries and zero-Covid measures in China, Thailand's cross-border trade is still expected to grow by at least 5% this year to 1.80 trillion baht, driven by greater demand for gasoline, edible oil, tyres and auto parts.
Pitak Udomwichaiwat, director-general of the Foreign Trade Department, said the department remains bullish on border trade prospects after a recent joint meeting with representatives of the Thai Chamber of Commerce, the Federation of Thai Industries and commercial ambassadors in Cambodia, Laos, Myanmar, Vietnam and China to evaluate the border trade situation in the second half.
