Grow your business with the Discover newsletter
Logistics advice & insights straight to your inbox
Subscribe now
The rise of electric vehicles (EVs) is transforming the global automotive industry, and at the forefront of this change is Thailand — increasingly recognised for its pivotal role in the global EV auto parts export market.
In the wake of the electric vehicle boom, Emergen Research estimates that the global EV market is expected to see a CAGR of 22.2% from years 2022 to 2030. The Asia-Pacific region emerges as the potential epicentre of this revolution, expected by McKinsey to account for over 40% of global EV sales by 2030. In this vast landscape, Thailand's EV market shines particularly bright. Established as Southeast Asia's leading automobile production base and ranked 11th worldwide according to the Department of International Trade Promotion, Thailand's automotive legacy is deep-rooted and expansive. The country's vast auto parts industry, valued at US$15.6 billion by Commerce Ministry statistics, continues to make significant strides in adapting to the electric transformation.
Thailand's position as a global auto parts manufacturing powerhouse is, of course, no accident. Over the past six decades, successive Thai governments have deftly used policy directives to woo major Japanese, European, and United States (US) automotive brands, enabling a flourishing ecosystem of parts suppliers in the region. In recent years, aligning with global climate and environmental goals, Thailand has also attracted Chinese EV and EV charger manufacturers like BYD, MG, and Great Wall Motor, further solidifying its position.
The Eastern Economic Corridor (EEC) is expected to be another significant contributor, driving forward the country's automotive ambitions. As investments continue to pour in, the EEC is primed to become a hub for EV car parts manufacturers and EV battery manufacturers, ushering in a new era for Thailand’s automotive sector.
The process of exporting, especially in a domain as specialised as EV auto parts, involves a myriad of regulations, guidelines, and best practices. Let's break down the essential aspects you should be aware of:
Every country has its taxation system when it comes to importing products, and EV auto parts are no exception.
Having the right documentation is non-negotiable. It's not just about compliance, but also about ensuring that your auto parts shipments experience no delays at customs.
Staying compliant is crucial, both for the reputation of the business and to avoid unnecessary fines or shipment delays.
Mastering the above elements can significantly smoothen the export process. Additionally, forging connections with local chambers of commerce or industry associations, like the Electric Vehicle Association of Thailand, can provide invaluable insights and updates on the latest export trends and requirements.
For EV car parts manufacturers eager to tap into global markets, DHL Express Thailand provides a suite of comprehensive solutions tailored to the unique needs of the industry:
Couple with our own EV fleet, manufacturers can also enjoy reduced carbon emissions when shipping with us.