Statistics released on Tuesday revealed that despite a 44-month high in automobile manufacturing, Thailand’s vehicle exports decreased in November due to inadequate capacity on cargo ships.
According to data compiled by the Federation of Thai Industries, November saw a 10.98% year-over-year reduction in exports of finished automobiles (FTI).
FTI auto club vice president and spokesperson Surapong Paisitpattanapong told a press conference that out of 107,345 fully finished automobiles intended for export, only 81.96 percent, or 87,979 units, were actually exported due to space restrictions for wheeled items aboard freighters.
Data indicated that in November, vehicle manufacturing in the country jumped 15 percent year over year to 190,155 units, the highest amount since March of this year. This gain followed an uptick in semiconductor supply.
Surapong reported that production of automobiles rose by 20.95 percent, to 1,724,909 units, in the first eleven months of this year.
Since August, he added, automakers have been receiving more microchips as a result of a decline in semiconductor demand in the electrical sector, and annual automobile production is projected to reach the initial target of 1.8 million units.
