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Tuesday, April 30, 2024

Shortage of parts slow down Thailand’s car exports

Federation of Thai Industries (FTI) vice-president and spokesman Surapong Paisitpattanapong. FTI

Thailand exported 93,840 cars last month, down by 10.21 per cent year-on-year due to a shortage of parts and semiconductors for some car models, the Federation of Thai Industries (FTI) said on April 25.

“However, car export in March rose 18.11 per cent compared to February,” FTI vice-president and spokesman Surapong Paisitpattanapong said.

In the first quarter of 2022, Thailand exported 243,124 cars, down 5.81 per cent year-on-year. However, the value of cars and components exported in the first quarter came in at 217.60 billion baht ($6.39 billion), up 2.82 per cent year-on-year, he added.

A shortage of parts and semiconductors had triggered a global decline in the manufacturing and export of cars, he said.

Surapong also said it is necessary to monitor the Russia-Ukraine conflict as…

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