PHNOM PENH, April 29 (Xinhua) -- Bilateral trade between Cambodia and Thailand went down by 2.3 percent during the first quarter of this year, according to the statistics released by Thai Embassy in Phnom Penh on Monday.
Officials said the drop was due to"Thai baht appreciation, not ongoing border conflict"between the two nations.
During the January-March period this year, the two-way trade valued at 1.1 billion U.S. dollars, down 2.3 percent from 1.13 billion U.S. dollars at the same period last year, the data showed.
Cambodia's export to Thailand was 101 million U.S. dollars, up 19 percent, while Thailand's export to Cambodia was 1 billion U.S. dollars, down 4 percent, it said. "The slight decline is due to Thai baht appreciation. In the first quarter of last year, one U.S. dollar was equal to 32 baht, but in the first quarter of this year, one U.S. dollar was exchanged for 28 baht,"Jiranan Wongmongkol, director of Thai Embassy's foreign trade promotion office in Phnom Penh, told reporters Monday."The drop is not relevant to the simmering border conflict over the land of 4.6 square kilometers next to Preah Vihear Temple."
Thailand is the second largest trading partner of Cambodia. Last year, bilateral trade valued at 3.8 billion U.S. dollars, up 40 percent year-on-year.