Auto parts shipments are expected to grow by at least 25% this year in line with the flourishing automotive industry.

The Thai Autoparts Manufacturers Association (Tapma) expects exports will total US$15 billion this year, up from $11-12 billion last year. “Prospects remain promising on the back of surging automobile and motorcycle production,” said president Achana Limpaitoon.

Thailand’s automotive industry enjoyed a bumper year in 2012, with vehicle production totalling 2.45 million units, up by 68.3% from 2011 and lifting Thailand to 10th place among global automobile producers.

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Read more: http://www.bangkokpost.com/business/marketing/333291/exports-gearing-up-for-25-increase-to-15bn-this-year