Thai auto exports jumped nearly 23 percent in June due to strong demand in global markets and despite volatile oil prices, an industry group said Monday.

Exports of automobiles were worth 29.97 billion baht (896 million dollars) in June, up 22.73 percent year-on-year, the Federation of Thai Industries' automotive section said.

"In June, Demand in passenger cars and pick-up trucks was strong in every market, particularly in the Australia zone," the group's spokesman Surapong Paisitpatanapong told AFP.

Auto exports were down slightly from May, when overseas sales were worth 32.15 billion baht.

Exports of vehicles and their parts in the first six months of 2008 totalled 255.58 billion baht -- 33.10 percent higher than last year -- including shipments of cars and trucks worth 174.79 billion baht, the group said.

"We will, however, keep monitoring global oil prices, which are now dropping. We do not know for certain whether this fall of oil prices will last for a long period or not," Surapong said.

Thailand produced 130,549 automobiles in June, and 68,147 of those vehicles were exported. The country has no national automaker, but has lured foreign companies here to turn the kingdom into an important regional production base. Domestic car sales have recently been poor. Thai vehicle sales in June fell 5.9 percent year-on-year amid volatile fuel prices and high inflation.

Thomson Financial News, Agence France Presse, 28.07.2008

Home :: Back :: Next