Shipments of car parts expected to grow by 10% | Bangkok Post: business

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Shipments of car parts expected to grow by 10%

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Thailand's automotive parts shipments are expected to grow by 10% this year to US$13.18 billion, mainly boosted by the weak baht and accelerated exports by local manufacturers to stave off tepid demand at home. 

Achana Limpaitoon, president of Thai Autoparts Manufacturers Association (Tapma) said overseas markets are likely to be the main focus of almost all local manufacturers, as domestic car demand shrinks due to the political impasse and adverse economic prospects.

For 2013, Thailand reported auto parts exports of $11.99 billion, up by 6.03%, according to the International Trade Promotion Department.

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