The world has opened its gates for Thailand’s electronics and electric goods, making the country leading exporter, as these goods are of good quality and low price.

The volume of Thailand's electronic and electrical products export is estimated to increase more than US$ 50 Billion in 2008, an increase of 10%, in spite of the anticipated flat consignments to the US, industry executives stated on January 15, 2008, as reported by Bangkok Post .

Net worth of electronic products exports is expected to rise $33.45 Billion in 2008, a considerable increase from $29.2 Billion in 2007. Moreover, the exports of electrical goods will fetch $17.79 Billion this year, an increase of 11% from the previous year, due to huge demand for air-conditioners and refrigerators because of warmer weather in the European Continent.

Thailand’s electronic and electrical industry is experiencing an upsurge in the demand because of increasing popularity of heating devices, refrigeration, air-conditioners and ventilation devices. Besides, the electrical goods from Thailand are worldwide famous owing to their good quality features and less prices. As a result, this market is emerging as the major supplier of electrical goods in the world.

Thailand’s electronic goods quality is reflected by their clearing the Restriction of the Use of Certain Hazardous Substances (RoHS) standard test. This test imposes restrictions on the usage of specific hazardous elements in electronic and electrical equipments. Consequently, the electronic and electrical equipments are gaining popularity worldwide as compared to other countries’ electronic goods industries. Japan and many other Asia-Pacific countries are the regular importers of electronic goods from Thailand. Furthermore, Thailand is benefitted from the Free Trade Agreement (FTA) with Japan in which Japan has eliminated tariff barriers on industrial goods like electronic and electrical goods.

Additionally, the Thai government is also taking initiatives to boost the electronics and electrical industry. The Board of Investment (BOI) ensures favorable environment to assure investments by offering handsome incentives to foreign investors who are keen to set up their electronics and electrical goods production facilities in the country.

As per a Senior Research Analyst at RNCOS , “Robust demand for Thai electronic and electrical equipments in the world market are driving this industry. The incredible infrastructure and industry strategy are helping to trap this increased demand of electrical and electronic sector of Singapore. Moreover, the government is determined to chart favorable policies that ensure good chances for distant electronics and electrical companies to expand their footprint in the country.”