Thai automotive production and export plunged by one-third year-on-year

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The production and export of Thai automobiles and the production plunged by 35.53% year-on-year last month.

The novel coronavirus heavily hit the production and export of Thai automobiles and the production plunged by 35.53% year-on-year last month.

Surapong Paisitpatanapong, vice chairman of the Federation of Thai Industries, said that in October Thailand produced 149,360 vehicles, down by 2.24% from the same period of last year. Of the amount, 82,157 or 55.01% were produced for local markets. The number rose by 18.81% year-on-year and showed an increase for the second consecutive month.



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The increase resulted from the production of pickup trucks for local use. That reflected economic recovery after the government had eased business lockdowns related to COVID-19, he said.

Meanwhile, export-oriented production dropped by 19.65% to 67,203 vehicles which formed 44.99% of total production in October.

From January to October this year, Thailand produced 1,112,426 vehicles, down by 35.53% year-on-year.

Of them, 576,626 vehicles were produced for export and from 51.83% of total production. The amount fell by 35.83% year-on-year. Meanwhile, 535,800 vehicles were manufactured for local use and formed 48.17% of the total production. The amount decreased by 35.20% year-on-year.

From January to October this year, Thailand produced 1,112,426 vehicles, down by 35.53% year-on-year.

Local car sales in October amounted to 74,114, down by 1.4% month-on-month. The decline slowed down thanks to eased lockdowns, economic stimulus measures, income insurance for farmers and promotions from car makers.




In October, 71,372 vehicles were exported, down by 16.57% year-on-year. The decline happened in all markets except North America where the export of pickup trucks rose by 172.23% year-on-year.

From January to October, Thailand exported 592,829 automobiles, down by 34.61% year-on-year. The export value stood at 329,020.34 million baht, down by 29.85% year-on-year. (TNA)