Exports gearing up for 25% increase to $15bn this year

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AUTO PARTS

Exports gearing up for 25% increase to $15bn this year

Published: 30 Jan 2013 at 00.00
Newspaper section: Business

Auto parts shipments are expected to grow by at least 25% this year in line with the flourishing automotive industry.

The Thai Autoparts Manufacturers Association (Tapma) expects exports will total US$15 billion this year, up from $11-12 billion last year. "Prospects remain promising on the back of surging automobile and motorcycle production," said president Achana Limpaitoon.

Thailand's automotive industry enjoyed a bumper year in 2012, with vehicle production totalling 2.45 million units, up by 68.3% from 2011 and lifting Thailand to 10th place among global automobile producers.

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boons
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Discussion 2 : 30 Jan 2013 at 15.022
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D1: Not only that, but the headline reads "25% increase in exports", but the story is clearly just about AUTOMOTIVE PARTS exports.

Automotive parts manufacturing is highly automated.

Now note carefully: The purchasing nations (Indonesia, Malaysia, Vietnam) are manufacturing nations. When parts exports grow to manufacturing nations, the obvious reality is that the labor-intensive assembly is increasingly occurring somewhere else.

Watch Thailand's unemployment numbers. All signs point to a coming spike. Which of course will be labeled a "crisis" by those who have caused it. What will follow is policy to make "loans" easier...
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DonAleman
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Discussion 1 : 30 Jan 2013 at 09.411
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Tricks with numbers ! A 25 % increase above their worst year but, in the real world, a maybe, 5 % actual increase over a NORMAL year.
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Exports gearing up for 25% increase to $15bn this year | Bangkok Post: business