Insight

Reference

·

Primary source

HS 87 export value

~USD 27B

As ofFY2024·Sources2·Primary

Thailand's 2024 HS 87 (vehicles, parts) export value per UN Comtrade, Thai Customs. Passenger cars (HS 8703), pickups (HS 8704), and parts (HS 8708) are the principal subheadings.

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Figure in context

Thailand's 2024 HS 87 (vehicles, parts) export value per UN Comtrade, Thai Customs. Passenger cars (HS 8703), pickups (HS 8704), and parts (HS 8708) are the principal subheadings.

Thailand's 2024 HS 87 (vehicles, parts) export value per UN Comtrade, Thai Customs. Passenger cars (HS 8703), pickups (HS 8704), and parts (HS 8708) are the principal subheadings.

Time scope

FY2024

Source basis

Primary source

Interpretation notes

What this tells you

Thailand's 2024 HS 87 (vehicles, parts) export value per UN Comtrade, Thai Customs. Passenger cars (HS 8703), pickups (HS 8704), and parts (HS 8708) are the principal subheadings.

What not to do with it

Use the linked report for interpretation and keep basis differences explicit.

Related figures

Adjacent numbers that add context without drowning the value.

FY2024
1.47M

2024 vehicle production

Federation of Thai Industries Automotive Industry Club

FY2024
~16%

2024 BEV share of new passenger-car registrations

Department of Land Transport, Thailand Automotive Institute, IEA Global EV Outlook 2025

2024–2027
THB 100K

BOI EV3.5 consumer subsidy

Thailand Board of Investment, Excise Department

July 2024 onward
150K

BYD Thailand BEV capacity

BYD disclosures, BOI quarterly applications, EEC Office

FY2024
450–500K

Toyota Thailand production

Toyota Motor Thailand, FTI production release

FY2024
230–250K

Isuzu D-Max pickup production

Isuzu Motors Thailand, FTI production release

Report context

Thailand Automotive & EV Supply Chain Market Intelligence

Thailand built 1.47M vehicles in 2024 — ASEAN's largest assembly base, 57% of output exported — and BEV share of new passenger-car sales reached ~16%, highest in the region. The listed operator stack is mid-reshape: Japanese incumbents (Toyota, Honda, Isuzu) still dominate ICE production while Chinese entrants (BYD, GWM, MG/SAIC, Changan, Neta, GAC Aion) built 5+ local BEV plants in 2023–2025 under BOI EV3.5 quota obligations. Thai Tier-1 suppliers (AAPICO Hitech, Somboon Advance, Stanley Electric, Thai Summit, Delta Electronics) are mid-pivot to EV content mix.

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Atlas actors in this figure's reports

Profiles covered in the report that cite this number.

AAPICO Hitech

Listed Thai Tier-1 with the most diverse customer mix — Toyota, Isuzu, Honda, Ford, GWM.

BYD Thailand

BYD's first overseas BEV plant — 150K-unit Rayong capacity opened July 2024, largest Chinese auto FDI in Thailand.

Delta Electronics (Thailand)

Listed EV power-electronics, charging-infrastructure supplier — the single clearest BEV-content beneficiary at SET scale.

Honda Automobile (Thailand)

Japanese incumbent most pressured by Chinese BEV entrants — Prachinburi consolidation underway.

Isuzu Motors (Thailand)

Isuzu's global pickup manufacturing hub — 230–250K D-Max units FY2024.

Mitsubishi Motors Thailand

Pickup (Triton) and SUV (Pajero Sport) export platform — Japanese Tier-2 incumbent.

HS 87 export value · Insight