ID :
138392
Thu, 08/19/2010 - 16:44
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http://m.oananews.org//node/138392
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Thai auto exports in July hit record 22-year high: FTI
BANGKOK, Aug 19 - Thailand's auto exports in July rose 139.65 per cent year-on-year to 87,605 units, the highest level in 22 years, and of 26.45 per cent from June, according to the auto industry.
Surapong Paisitpattanapong, spokesman for the Federation of Thai Industries (FTI) Automotive Industry Club said July's auto exports totalled about Bt39.83 billion (some US$1.2 billion), or a 129.41 per cent increase, compared to the same period last year.
The growth in auto exports was owing to strong global demand in all markets, particularly in Asian markets, as well as the Thai customs' regulations and procedures being adjusted to facilitate auto exports.
In addition, the ASEAN Trade in Goods Agreement (ATIGA), effective May 17, also brought about an expansion of Thailand's auto exports as the agreement provides the full import duty liberalisation schedule among ASEAN member states and spells out the tariff rates to be applied on products.
Meanwhile, domestic automobile sales in July grew by 52.2 per cent to 65,672 unit year-on-year but fell by 6.92 per cent compared to June, Mr Surapong said.
The healthy figures in domestic sales resulted from the gradual Thai economic recovery and the government's economic stimulus package.
Two factors helped boost consumer confidence, soaring markets for compact passenger cars and high demands in pickup truck exports. From January through July this year, automobiles were sold 422,364 units, or a 53.8 per cent rise in the sales volume compared to the same period last year.
The FTI predicted that 416,050 units would be manufactured in August through October this year, rising by 113,447 units or a growth of 37.49 per cent year-on-year.
However, the number of vehicles projected to be produced in August until October dropped by 10,764 units equalling 2.52 per cent compared to the real output in May-July this year totalling 426,814 units. (MCOT online news)
Surapong Paisitpattanapong, spokesman for the Federation of Thai Industries (FTI) Automotive Industry Club said July's auto exports totalled about Bt39.83 billion (some US$1.2 billion), or a 129.41 per cent increase, compared to the same period last year.
The growth in auto exports was owing to strong global demand in all markets, particularly in Asian markets, as well as the Thai customs' regulations and procedures being adjusted to facilitate auto exports.
In addition, the ASEAN Trade in Goods Agreement (ATIGA), effective May 17, also brought about an expansion of Thailand's auto exports as the agreement provides the full import duty liberalisation schedule among ASEAN member states and spells out the tariff rates to be applied on products.
Meanwhile, domestic automobile sales in July grew by 52.2 per cent to 65,672 unit year-on-year but fell by 6.92 per cent compared to June, Mr Surapong said.
The healthy figures in domestic sales resulted from the gradual Thai economic recovery and the government's economic stimulus package.
Two factors helped boost consumer confidence, soaring markets for compact passenger cars and high demands in pickup truck exports. From January through July this year, automobiles were sold 422,364 units, or a 53.8 per cent rise in the sales volume compared to the same period last year.
The FTI predicted that 416,050 units would be manufactured in August through October this year, rising by 113,447 units or a growth of 37.49 per cent year-on-year.
However, the number of vehicles projected to be produced in August until October dropped by 10,764 units equalling 2.52 per cent compared to the real output in May-July this year totalling 426,814 units. (MCOT online news)
