Thailand Car Export Value Target for 2013

2013-05-22

Thailand's automotive industry enjoyed a bumper year in 2012, with 2.45 million vehicles made, up by 68.3% from 2011 and lifting Thailand to 10th place among car producing countries. Domestic car sales totalled 1.43 million vehicles last year, up by 80.9%. Car exports increased by 39.6% to 1,026,671 units, a record high since Thailand began exporting cars in 1988 and making the country the world's seventh-largest car exporter. Export value totalled 490 billion baht, up by 42.7%. The FTI forecasts 2.5 million vehicles will be produced this year, up by 2% from last year, with 1.4 million slated for domestic sales.