Thailand’s Car Exports Fall 3.2% to 76,937 Units in May

Thailand’s car exports dropped 3.20 percent to 76,937 units in May, due to the shortage of semiconductors and components, despite the production returning to normal, the Federation of Thai Industries (FTI) reported on Monday.

In the first five months of 2022 (Jan-May), car sales fell 3.77 percent from the same period last year to 375,757 vehicles, but the overall value of exports rose 1.10 percent to THB223,872 million.

In May, Thailand’s vehicle production was 129,231 units, down 7.80 percent annually but up 9.72 percent from the previous month. In the first five months of the year, a total of 727,095 vehicles were manufactured, up 2.36 percent from 2021.

Meanwhile, domestic sales increased 15.71 percent to 64,735 units in May, thanks to more lockdowns being lifted, allowing economic activity to restart.