Wu Tawang, director of the International Trade Promotion Department of the Ministry of Commerce, said that the automobile industry has a bright export prospect and still maintains the goal of a 10% increase in automobile exports and auto parts industry this year, that is, the total export value can reach 20,854.43 million US dollars; Exports can also grow by 10%, with exports totaling 13.13 billion US dollars. As the automobile industry has benefited from the economic stimulus policy, the Promotion of Investment Committee (BOI) has speeded up the examination and approval of a number of backlogs to promote investment projects, especially the investment in the automobile industry to promote investment projects has accumulated more than 100 billion baht, such as the second phase of the development plan for energy-saving vehicles. Full implementation will bring new growth hotspots to the automotive market.
Mr. Tamta said that the Thai auto industry is still the first in the ASEAN countries and has attracted the attention of foreign investors. Because the skilled workers in the Thai auto industry are skilled and meet fairly standard standards, the logistics hub functions are beneficial to export to foreign countries, especially government agencies. An engineering test center has been set up to help small auto parts manufacturers to provide relevant product testing and certification, so that Thailand's auto parts export products can reach higher standards and help increase exports.
It is estimated that during the period from June to December this year, the production of automobiles in June-August will be 490,124 vehicles, which will exceed the output during the period from March to May this year, and the production will increase by about 9.4%. The total vehicle production target for this year will reach 2.2 million. Of these, 1.2 million were exported. Thailand's major export markets include Australia, Saudi Arabia, Indonesia, the Philippines, Malaysia, the United Arab Emirates, Chile, New Zealand, Oman and Laos, accounting for 61% of Thailand's total exports. The markets with growth potential and exports have a large growth rate of 37% in the United States, 60% in Iraq, 69% in Kuwait, 19% in Cambodia, and 17% in the UK. At the same time, strong competitors in Thailand's auto exports include Germany, Japan and South Korea.
Wu Tawang said that Thailand's minivans and energy-saving vehicles have market advantages. The government attaches importance to and promotes the second-phase development plan for energy-saving vehicles. Of course, there are also problems that need to be solved urgently, and it is already being solved, for example, with other industries. Competing for a relatively small number of workers. However, due to the steps and measures in the overall planning of the Thai automobile to effectively achieve the industrial development goals, we encourage the development of energy-saving vehicles and the application of new technologies, and encourage the establishment of test centers for OEM products and automotive products. The future development of the automobile industry encourages and promotes the integration of production chain resources for the upstream and downstream industries of automobiles, encourages the cultivation of technical talents in the automotive industry, and encourages the introduction and transfer of advanced production technologies and design capabilities.
During the period from January to June this year, the total export of Thai cars, spare parts and auto supplies increased by only 0.6%, and the export value was 15.23 billion US dollars. Among them, the total vehicle exports decreased by 1.8%, the export value was 9.12 billion US dollars; the export of automobile spare parts and supplies increased by 4.5%, and the export value was US$6.211 billion.
In addition, the 2014 Big Motor Sale 2014 was held at the Bangna International Convention and Exhibition Center (BITEC) on the 16th of this month. The exhibition will continue to open until the 24th, claiming to be the largest auto show in ASEAN. During the event, nearly 400 related companies participated in the exhibition, exhibiting 47 brands of cars, 19 brands of motorcycles, and auto parts.
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