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 Thailand has announced that its cross-border trade, including transit trade, fell by 7.42% year-on-year in the first eight months, mainly attributed to the impact of the pandemic and a slowing economy.

Border trade with four neighbouring countries amounted to 497 billion baht, down 11.5% year-on-year. Of the total, exports stood at 293 billion baht, down 9.63%, and imports were 204 billion, down 14%. Thailand maintained a trade surplus of 88.5 billion baht.