InfoQuest (November 20, 2019) -- Mr. Surapong Pisitpattanapon, vice chairman and automobile industry spokesman of the Federation of Thai Industries (FTI), revealed that in October 2019, Thailand exported 85,552 finished vehicles, a year-on-year decrease of 8.34 percent. Except for Asia, Middle East, Central America and South America, the export amount in almost all markets dropped, mainly caused by economic slowdown in trading partners. The total export amount was 46.065 billion baht, dropping by 4.99 percent year on year.
In the first 10 months this year (January-October 2019), the total export amount of finished vehicles stood at 906,653, dropping by 4.78 percent year on year; the total export value registered 469.002 billion baht, dropping by 6.08 percent year on year.
In October 2019, Thailand’s domestic auto sales amount was 77,121, dropping by 11.3 percent year on year. That was mainly caused by the strict restrictions of financial agencies on auto loan approval and floods in many regions in September. In the first 10 months this year (January-October 2019), total auto sales reached 838,968, increasing 0.7 percent year on year.
In October, total auto output was 152,787, dropping 22.52 percent year on year. Reasons behind: 25.95 percent decrease and 7.29 percent decrease in the production of passenger cars and trucks for export respectively, and 14.7 percent decrease and 44.25 percent decrease in the production of passenger cars and trucks for domestic sales respectively. In the first 10 months this year (January-October 2019), total auto output was 1,725,144, dropping by 4.21 percent year on year.
Source: InfoQuest, by Nisarat Wichiensri / Kasamarporn / Rachada, translated by Xinhua Silk Road
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