• In 2024, exports of general electrical converters and those for telecommunications equipment from Thailand are expected to account for over 84% of the total export value in this category.

• Thailand may be at a disadvantage compared to Mexico, Japan, and Vietnam in exporting general electrical converters, and may also be at a disadvantage compared to Mexico, Malaysia, and Vietnam in exporting converters for telecommunications equipment.

• In 2025, U.S. imports of electrical converters from Thailand are expected to decline by about 7%.


Source: KResearch