InfoQuest (Sept. 17, 2019) -- Mr. Surapong Pisitpattanapong, vice chairman and automobile industry spokesman of the Federation of Thai Industries (FTI), revealed that in August 2019, Thailand exported 81,549 finished vehicles, dropping by 20.45 percent compared with August 2018. Almost all export markets showed decline of export. The export value was 45.69498 billion baht, decreasing 18 percent compared with August 2018. That was mainly caused by China-US trade war, which led to a slower global economy and decline in auto sales of trading partners.
In the first eight months of this year (January-August 2019), Thailand exported 723,561 finished vehicles, dropping by 4.12 percent year on year; the total export value was 371.22970 billion baht, decreasing 6.37 percent year on year.
Due to the stricter examination and approval of financial institutions on auto loan, the domestic sales amount of auto in August 2019 was 80,838, dropping by 6.9 percent year on year and 0.3 percent compared with July 2019. In the first eight months of this year, domestic auto sales amount was 685,652, up 4.2 percent year on year.
In August 2019, the output of auto was 166,361, dropping by 8.21 percent compared with August 2018. That was mainly caused by the output decline of passenger cars and pickup trucks for export. The output of passenger cars for domestic consumption dropped by 6.08 percent year on year, and dropped by 2.63 percent compared with July 2019.
In the first eight months of this year (January-August 2019), total auto sales amount was 1,403,153, decreasing 1.25 percent year on year.
Source: InfoQuest, by Tanawat Suayaem / Nisarat / Sasithorn, translated by Xinhua Silk Road
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