World risk · Trade, tariffs and sanctions

Under way: Thailand keeps its land border with Cambodia shut to trade

The test On 30 Jun 2027 Thailand still keeps its land crossings with Cambodia closed to goods trade: no crossing is open to cargo trucks on that day (the reopening of one crossing to cargo ends the event).

Under way · Confidence: low · Reviewed 3 Nov 2026 · Scores from 1 to 10

This page answers: What could happen, how it is scored, and who is exposed?

Using this page
  1. Read the two scores: Likelihood and Impact are kept apart.
  2. Check what is happening, each fact with its source.
  3. Use the calendar for the dates to watch.

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Likelihood
8High steady this month
Impact
5Elevated steady this month
Breadth5
Depth2
Duration7
Hard to substitute4
Canada pointNot added0

Impact is the average of the four parts, rounded, plus one point when Canada is directly hit on two or more channels, up to 10.

Two separate scales from 1 to 10. Strature never multiplies or merges them.

What changed

Dated, newest first

  1. Bilateral trade fell 40% to US$1.3bn in H1 2026 (International Crisis Group) [7]

Why it matters

Thailand shut its land crossings with Cambodia on 23 Jun 2025, after border clashes. In May 2026 Prime Minister Anutin said the checkpoints would stay shut, and in July 2026 a Thai customs officer told a House committee that cross-border trade had dropped to zero baht. No opened source shows a crossing reopened to trade since.

Why Likelihood 8 Not 9-10: the General Border Committee agreed to consider reopening, so an exit route exists. Latest opened statements are from May and July 2026, so confidence is low.

The other facts on file (5)
  • The border has remained shut along the entire frontier since 23 Jun 2025; Anutin: not yet time to reopen [2] (18 Apr 2026)
  • Defence minister (24 Apr 2026): crossings stay closed until Cambodia fully complies with the ceasefire joint statement; a 30 Apr reopening of one checkpoint for stranded people did not go ahead [4] (30 Apr 2026)
  • Anutin told Thais in Paris on 23 May 2026 that the checkpoints would stay shut [5] (25 May 2026)
  • Aranyaprathet customs officer to a House committee: Sa Kaeo border trade averaged 10 billion baht a month in 2024; 2026 cross-border trade has dropped to zero baht [6] (24 Jul 2026)
  • Nearly one million Cambodian migrant workers returned; General Border Committee agreed on 10 Sep 2025 to consider reopening crossings [3] (13 Sep 2025)

Where it sits

THAILANDCAMBODIA11. Under way: Thailand keeps its land border with Cambodia shut to trade: Elevated impact · under way (placed at the country)1 Thai-Cambodiaborder stays shutTHAI-CAMBODIA BORDER STAYS SHUT0250 kmat 13°NMap data: Natural Earth (public domain).
THAILANDCAMBODIA11. Under way: Thailand keeps its land border with Cambodia shut to trade: Elevated impact · under way (placed at the country)1 Thai-Cambodiaborder stays shutTHAI-CAMBODIA BORDER STAYS SHUT0250 kmat 13°NMap data: Natural Earth (public domain).

How it spreads

Sample, no data on file. No cited flows by country on file for this risk.

If

On 30 Jun 2027 Thailand still keeps its land crossings with Cambodia closed to goods trade: no crossing is open to cargo trucks on that day (the reopening of one crossing to cargo ends the event).

Under way now

Channels 4 on the card

  1. CanadaNo Canadian loss sourced.
  2. Cambodia's supplyFuel is now sourced from Vietnamese suppliers and Cambodian cassava goes mainly to Vietnam [3].
  3. The border economyAround 90% of casino visitors in Cambodia's border area normally cross by land [2]; Sa Kaeo's border trade has stopped [6].
  4. LabourReturned workers lose Thai wages and Cambodian households lose remittances [3].

Sectors 4

  • Ports and logistics
  • Road freight
  • Agriculture and food
  • Households

Countries 3

Who is exposed

No figure on file: Cambodia, Thailand, Vietnam.

Sectors
Ports and logistics, Road freight, Agriculture and food, Households

Three scenarios and their signposts

  1. S1

    Frozen border

    The crossings stay shut through mid-2027.

  2. S2

    Phased reopening

    One crossing opens to cargo under a border committee deal.

  3. S3

    Renewed fighting

    Clashes resume and harden the closure.

The signposts of each scenario
PathSignpost
S1No Joint Boundary Commission meeting by March 2027
S2A General Border Committee statement naming a crossing and a date
S3Artillery exchanges reported by either government

No probability is given for the three paths.

Dates to watch

Calendar

The dates to watch

A dot is a day, a bar a month or a year; a hollow mark is tentative. The line marks today.

  1. 30 Jun 2027 The event is judged [5] Declared · Strature date

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SourceStrature world-risk card; the dates cite the sources below.
Exhibit R-3 · CAMBODIA · strature.net

The other side

Vietnamese and Chinese suppliers are poised to take Thailand's place in the Cambodian market (Thairath, July 2026) [6], and Cambodian producers face less Thai competition at home (Strature's view).

Connected in Strature

Sources

6 sources, numbered as the text cites them

  1. Thai stance hardens as Cambodia border closure drags into 10th month. The Nation Thailand · 18 Apr 2026 · News · confidence medium · retrieved 3 Nov 2026
  2. Timeline for reopening border with Thailand unclear, traders bear the brunt. CamboJA News · 13 Sep 2025 · News · confidence medium · retrieved 3 Nov 2026
  3. Over 600 Thais stranded as Cambodia delays reopening Khlong Luek border checkpoint. The Nation Thailand · 30 Apr 2026 · News · confidence medium · retrieved 3 Nov 2026
  4. PM Anutin reaffirms Thai-Cambodian border crossings remain closed. Asia News Network · 25 May 2026 · News · confidence medium · retrieved 3 Nov 2026
  5. One-Year Anniversary of Thai-Cambodian Conflict: Border Trade Halted, Vietnamese and Chinese Goods Poised to Seize Market. Thairath · 24 Jul 2026 · News · confidence medium · retrieved 3 Nov 2026
  6. International Crisis Group warns Cambodia faces uphill battle to resolve border dispute with Thailand. Cambodianess · 10 Oct 2026 · News · confidence medium · retrieved 3 Nov 2026

Reviewed 3 Nov 2026 · version 1 · last change: first review · All risks