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08 Oct 2018, Aleen Joy Jarasa, EMIS Editor

Vehicles and auto parts remain Thailand’s biggest export to ASEAN

Vehicles, including auto parts and accessories, continue to be Thailand’s top exports to the ASEAN region in the first eight months of 2018, The Nation has reported citing figures revealed by the Department of Foreign Trade. The shipments under the auto sector are valued at Bt164.8 billion.

Thailand’s main advantage is its strategic location. The country’s top five export products include various types of fuels, plastics, chemical products and machinery and auto parts. From January to August, Thai exports to the region have increased by 9.04% from the same period last year with Bt1.45 trillion in total value, The Nation has noted.

Furthermore, Thailand aims to improve its trade relations with ASEAN member states by reducing trade barriers, implementing projects and legislations and simplifying trade transactions.

Sign in and read the full article in emis.com, or find out more about EMIS. Original source: The Nation