Thai SMEs can leverage border trade success

Outlook for Thailand’s border trade is bright and Thai SMEs have a next-door advantage. But consumer trends are changing and competition is heating up.

Thai SMEs can leverage border trade success
An analysis of Thailand’s border trade by the Economic Intelligence Unit of Siam Commercial Bank forecasts a bright outlook, noting that Thai SMEs enjoy a "next-door advantage."
 
Consumer trends are changing, however, and competition is heating up, the EIC cautions.
 
The following charts support the EIC's upbeat outlook for border trade:

Figure 1. Thailand’s border trade in 2014: by partner and share of total trade

Unit: %, billion Thai baht

*Other trade is shipments by air or sea or from free-trade zone.
**Border trade is imports and exports that travel by hand, car,
truck or rail and pass through customs at the nation’s four borders.

Source: EIC analysis based on data from Department of Foreign Trade



Figure 2. Thailand's border trade by partner 2009-2014

Unit: Billion Thai baht

Source: EIC analysis based on data from Department of Foreign Trade


Figure 3. Thailand's border trade flows by year 2009-2014

Unit: Billion Thai baht, % CAGR of export value


Figure 4. CLMM SMEs’ share of border exports in 2014

Unit: %, Billion Thai Baht

Source: EIC analysis based on date from Department of Foreign Trade and Office of Small and Medium Enterprise Promotion, Ministry of Commerce

 


Figure 5. CLMM SMEs’ border exports by year, 2010-2014

Unit: %, Billion Thai baht

 

Source: EIC analysis using data from Department of Foreign Trade and Office of Small and Medium Enterprise Promotion, Ministry of Commerce


Figure 6. Leading goods traded across Thailand’s four borders in 2009 and 2014

Source: Source: EIC analysis based on data from Department of Foreign Trade


Figure 7. Leading goods traded by Thailand’s SMEs across borders in 2014

Source: EIC analysis based on data from Department of Foreign Trade


Author: Veerawan Chayanon (veerawan.chayanon@scb.co.th)

Analyst

SCB Economic Intelligence Center

EIC Online: www.scbeic.com

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