Thailand's Kasikorn Research Center expects trade between Thailand and Cambodia to expand in the second half of the year

KResearch: Trade between Thailand and Cambodia to expand in H2

BANGKOK, 8 August 2009 (NNT) – Kasikorn Research Center (KResearch) expects trade between Thailand and Cambodia to expand in the second half of the year, after a drop by 25.5 per cent during the first half in terms of value.

With the global financial crisis, the Cambodian economy became severely sluggish since the second half of 2008. During the first half of this year, trade value between Thailand and Cambodia had decreased by 25.5 per cent year on year. However, Thailand still had trade surplus, because the import value from Cambodia decreased more than the export value.

KResearch expected that trade between Thailand and Cambodia would improved in the second half of the year, although the Cambodian economy would shrink by 0.5 per cent for the first time in many years, but the global economic recovery sign in the second half of this year would boost its export to the main markets as the United States and the European Union. Thus, the Cambodian economy was supposed to be improved in the rest of the year.

However, there are some negative factors, which may affect trade between Thailand and Cambodia as the tension of Preah Vihear temple dispute, and the bubble in property sector of Cambodia, which can affect its economic stability. Read more!