Although the country's vehicle exports are contracting, shipments of auto parts are expected to grow by 7.5% to US$18.5 billion (617 billion baht) this year, says the Federation of Thai Industries (FTI). By contrast, vehicle exports in July declined by 9.2% to 90,015 units, while export value also dropped 6.9% to 48 billion baht. "This region used to be a key destination for Thailand's vehicle exports. The club has revised down its export projection throughout 2017 from 1.2 million earlier to 1.1 million units, a 7.5% drop from 2016 vehicle exports." Due to negative pressure from exports, the club has further revised down its total car output projection from 2 million to 1.93 million units -- a 0.7% drop.

Source: Bangkok Post August 24, 2017 00:11 UTC