Trade of auto parts and accessories between Cambodia and Thailand was worth $488 million in 2017, according to data from Thailand’s Department of International Trade Promotion (DITP).
Speaking at a press conference, Jirawuth Suwanna-Arj, minister counsellor of commercial affairs at the Thai embassy in Phnom Penh, said Cambodia imported more than $200 million in auto parts and accessories, and exported the same amount to Thailand.
“Cambodia imported parts to supply garages, while Thailand imported auto parts and accessories from Cambodia to use in car factories in Thailand,” Mr Jirawuth said.
The counsellor said demand for auto parts and accessories in Thailand has increased significantly in recent years.
He said many Thai companies are interested in investing in factories in Cambodia because labour costs in the kingdom are substantially lower than in their own country.
In April, Bangkok will hold TAPA 2018, an exhibition of auto parts and accessories organised to showcase Thailand’s potential in the industry.
