Which Countries to Consider For Your Electronics Export Business

Whether you're an electronics exporter or you're looking for one, there are a few things you need to keep in mind. For starters, you'll want to make sure that you have the necessary documentation in place to ship your products. You'll also want to make sure that you're familiar with the customs process for each country you ship to. Lastly, you'll want to make sure that your company's products are safe to ship.

China

Despite the increasing competition in the global electronics industry, China continues to dominate the production of consumer electronics. The country's manufacturing capability is second to none, and it is capable of delivering large volume orders at short lead times.

China has the world's largest electronics supply chain. It is also home to the world's largest consumer electronics manufacturing ecosystem. These companies include Haier, Skyworth, Hisense, BOE, DJI, Changhong, Huawei, and MG Electronics.

While the Chinese electronics industry has a comparative advantage in manufacturing, it still relies on non-Chinese firms for much of its processing. These foreign enterprises play a dominant role in China's electronics processing trade, contributing 60 percent of its electronics exports.

These companies produce computer products, video game consoles, mobile phones, satellite equipment, audiovisual products, and other electronics. They also conduct sourcing, distribution, and sales activities in the Asia-Pacific region.

While China continues to dominate the global electronics industry, it remains vulnerable to external challenges. In particular, the COVID-19 outbreak has affected the global electronics production. The industry has been recovering with renewed interest in next-generation LCD TVs, smart wearables, and smartphones.

Mexico

Compared to the other large electronics exporters in the world, Mexico has the advantage of having a comparatively large, well-developed and specialised electronics sector. Moreover, the Mexican government is taking steps to make its domestic environment more conducive for international business.

The Mexican electrical industry has been developing for decades and has been known for its competitive production costs and focus on research and development. However, the electrical and electronics industry is now facing new challenges. Consumers are becoming more environmentally aware and are looking for energy-efficient products. Mexico has responded by investing in industrial training. This has boosted the quality of its electronics output.

The country also plans to invest around US$5 to US$10 billion in the industry. The government has also launched a project to become the world's center for electronic goods manufacturing.

Mexico is currently the second largest electronics exporter in the U.S., behind Japan. Mexico is also the world's largest exporter of flat screen televisions. It is also one of the largest exporters of computers, medical equipment and audio and video equipment.

Vietnam

Having experienced a period of rapid growth in the past several years, Vietnam's electronics industry is among the fastest-growing industries in the country. The industry has benefited from the rising costs of manufacturing in China. However, Vietnam needs to become more competitive in the global market.

Vietnam's electronics industry is a crucial sector of the country's economy. The industry has gained a lot of recognition over the years. Its exports have grown at an average rate of 28.6 per cent over the last five years. This growth is due to the investments of multinationals in electronics.

Vietnam's electronics industry is now ranked 12th in the world. The industry has also gain a high ranking in ASEAN. Vietnam's electronics exports have surpassed US$96.9 billion in 2019. In 2019, Vietnam's mobile phone exports ranked second globally with a value of over $50 billion. The consumer electronics industry has seen a significant increase in exports, increasing by US$12 billion annually.

India

Currently, India is the sixth largest electronics exporter in the world. In the coming years, India is expected to become one of the top electronics exporters. The government has taken various measures to boost the electronic manufacturing in the country. It is important to build a strong electronics ecosystem in India.

The Ministry of State for Electronics and Information Technology has been exploring ways to expand the electronics production by 400 percent by 2026. It recently released a report on how to achieve the ambitious goal. The report suggests several policies for deepening the electronics ecosystem in India.

One of the ways for India to achieve the target is to increase the scale of localization. Another way is to remove duties on intermediate items. It also proposes that India should look into creating a domestic ecosystem for ancillary suppliers.

India's electronics exports have grown 104 percent in the past year. The electronics sector is expected to make significant contributions to the country's economy.