InfoQuest (May 20, 2020) -- In April 2020, the export volume of automobiles was 20,326, down 69.71 percent from April 2019, mainly due to the slowdown in the economies of trading partner countries, which resulted in a drop in export volume in all markets, as well as the impact of the COVID-19 pandemic, revealed Mr. Surapong Pisitpattanapong, vice chairman and spokesman of the Automotive Industry Club of the Federation of Thai Industries (FTI). Total exports were 12.39 billion baht, down 65.15 percent from April 2019.
In the first four months of this year (January-April 2020), the total export volume of automobiles was 270,607, down 26.26 percent from the same period last year, and the total export volume was 141.24 billion baht, down 23.74 percent.
The total output of automobiles in April was 24,711, down 83.55 percent from the same period last year and 83.71 percent from March 2020. Among them, the output of automobiles for export dropped 81.76 percent and that for domestic sales dropped 85.35 percent.
Mainly due to the impact of the COVID-19 epidemic, most of the auto factories were closed, resulting in a total output of 478,393 cars in the first four months of this year, down 32.78 percent from the same period last year.
Domestic auto sales in April 2020 were 30,109, down 65.02 percent from the same period last year, and down 49.91 percent from March 2020. The decline in domestic auto sales was mainly due to the COVID-19 outbreak. People have to stay at home and are not willing to spend money because of declining incomes and consumer confidence. In the first four months, the total domestic auto sales were 230,173, down 34.71 percent from the same period last year.
Source: InfoQuest, by Tanawat Suayaem / Rachada / Wilawan, translated by Xinhua Silk Road
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