The first direct impact would be reduced car exports to the Middle East, as shipping is disrupted in the Strait of Hormuz, he said. These factors will impact Thailand's car exports to the region, he said. Last year car exports to the Middle East increased, making it the third-largest market after Asia and Australia, said Mr Surapong. The war between Iran and the US-Israel alliance adds to concerns over Thailand's stagnant car exports, he said. The club announced earlier this year a vehicle manufacturing target of 1.5 million units for 2026, up from 1.45 million units last year, driven by expectations of stronger domestic demand and growing production of battery electric vehicles.

Source: Bangkok Post March 09, 2026 00:25 UTC