BANGKOK, Thailand’s auto exports soared in Jan, as semiconductor supplies improved, data showed, yesterday.

Car exports climbed 24.28 percent from a year earlier to 86,786 units in Jan, following a 10.17 percent rise registered in the previous month, according to the Federation of Thai Industries (FTI).

In Jan, car production rose 4.02 percent from a year earlier, to 157,844 units, boosted by a 7.43 percent hike in export orders, Surapong Paisitpattanapong, FTI’s automotive industry club vice president and spokesman, told a news conference.

Domestic car sales fell 5.58 percent in Jan, from a year earlier to 65,579 units, after a 9.02 percent drop in the previous month, due to a semiconductor shortage in some car models, Surapong said.

The FTI expected the country’s car exports to reach 1.05 million units this year, he said.

Source: Nam News Network