Middle East turmoil puts Thai car exports in the hot seat

[webfact]

 

The Federation of Thai Industries’ Automotive Industry Club warned that the ongoing Middle East conflict could potentially disrupt car exports to the region.

 

Particularly, the popular pickup exports could see a downturn if the dispute remains unresolved. Given the current stagnation in domestic sales, the Thai auto industry relies significantly on its exports.

 

Surapong Paisitpatanapong, the vice-chairman of the Federation of Thai Industries and the spokesman for the auto club highlighted the substantial demand for automobiles in the Middle East.

“We expect car exports to the Middle East to slow in the fourth quarter this year as logistics and supply chains may be affected if the war continues.”

From the beginning of the year until August, Thailand’s automobile and auto parts exports to Israel totalled around US$124 million, approximately 1% of the nation’s overall exports. In the previous year, the total exports to Israel reached a value of US$243 million.

 

by Alex Morgan

Photo courtesy of Bangkok Post.

 

Full story: The Thaiger 2023-10-18

 

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[JoePai]

Would have thought pickup would be on the rise, whenever you see a news item about the fighting in the various sand pits the rag heads all use pickups (usually Toyotas)