Car exports last month rose to 53,600 units or 23.86% year-on-year, Federation of Thai Industries’ Automotive Industry Club spokesman Surapong Paisitpattanapong said. However, auto exports in December dropped 58,665 units or 8.63 per cent from November. Last month’s export value was 25.21 billion baht, up 41.81 per cent. Throughout 2009, car exports stood at 535,563 units, down 31.01 per cent year-on-year. The export value was 251.34 billion baht, down 21.94 per cent from 2008. Mr Surapong said 111,722 cars were produced last month, 32.06 per cent higher year-on-year but 7.66 per cent lower from Nov 2009. A total of 999,378 cars were manufactured last year, 28.31 per cent lower from 2008. Domestic auto sales last month stood at 72, 085 units, hitting a three year high. The figure was 22.2 per cent higher from the same period of 2008. A total of 548,871 cars were sold last year, down 10.8 per cent from 2008. “The increase of auto sales in the past four months was due to the rising confidence of consumers and the auto industry, in addition to the government’s stimulus measures, higher prices of agricultural products and improved tourism since the third quarter last year,” he said. The Automotive Industry Club forecast that 385,693 cars would be produced in the first quarter of this year, or 10.91 per cent higher from the previous quarter. Auto production between Oct and Dec 2009 was at 347,750 units.
Thai car exports up 23.86% in December
All posts byThaiVest Editorial Team
Leave a reply
You Might Also Like
Thailand Retirement Ranking Improving
Joe MillerDecember 5, 2022
To see the Thailand Retirement Ranking improving delighted the Thai Prime Minister Prayut Chan-o-cha said government spokesman Anucha Burapachaisri. In...
Thai Stock Market Analysis May 9, 2022: How Much Lower Will the the SET fall?
Joe MillerMay 9, 2022
Ugly Trading Session Leaves Thai Stock Market Index in Murky Waters The Thai stock market had recently done remarkably well...
Thailand Economic Recovery Dwindling
Joe MillerDecember 7, 2020
Exports Decline Across the Board Merchandise exports in Thailand based on balance on payments contracted by 5.6% year-on-year in October...