Thailand’s auto exports surged in April due to last year’s low comparative base and improved semiconductor supplies, data showed on Wednesday.
The country’s finished car exports jumped 43.53 percent year on year in April to 79,940 units, according to the Federation of Thai Industries (FTI).
The April finished car export value soared 49.83 percent from a year earlier, totaling 50.16 billion baht (about 1.45 billion U.S. dollars), due to higher shipments to Asia, Australia, and Middle East markets, according to Surapong Paisitpattanapong, the FTI’s automotive industry club vice president and spokesperson.
Auto manufacturers produced 117,636 vehicles in the country last month, edging down 0.13 percent from a year earlier due to lower production for the domestic market, Surapong told a news conference.
Domestic auto sales fell 6.14 percent year on year last month to 59,530 units, after an 8.37 percent drop in March, due to tighter loans for pickup trucks as interest rates hiked, he said.