Manufacturing Expo 2024 Thailand Industrial Exhibition, experience the high level of development of Asian machinery manufacturing and mechanical equipment.

The 2024 Bangkok International Industrial Manufacturing Exhibition will be held at the BITEC Exhibition Center in Bangkok, Thailand from June 19 to 22, 2024. Huiyuan Group organized representatives from many companies to participate in the exhibition to experience the high level of development of Asian machinery manufacturing and mechanical equipment.

Exhibition Introduction

Exhibition Name: 2024 Bangkok International Industrial Manufacturing Exhibition in Thailand

Exhibition time: June 19-22, 2024

Exhibition location: BITEC Exhibition Center, Bangkok, Thailand

Exhibition categories: Automation, power transmission, robotics, 3D, industrial electronics, fasteners, automotive manufacturing, molds, plastic machinery

The Thailand International Machinery Manufacturing Exhibition is held annually in Bangkok, Thailand, and has been successfully held for 30 sessions so far. In recent years, Thailand has participated in regional economic cooperation, joined the Asia-Pacific Economic Cooperation Organization and the ASEAN Free Trade Area, participated in the water and land transportation cooperation between China, Thailand, Laos and Myanmar on the upper reaches of the Mekong River, and promoted the "Economic Growth Triangle" process in the adjacent areas of Thailand, Malaysia and Indonesia. With the development of manufacturing and service industries, especially the rise of tourism, Thailand's economic structure has undergone major changes, gradually transforming from an agricultural country that mainly exported agricultural products to an emerging industrial country. In the trade between China and Thailand, machinery and equipment occupy a major position in Thailand's imports from China. In 2024, the exhibition area is expected to reach 60,000 square meters, the number of visitors will reach 55,580, and the number of exhibitors and participating brands will reach 2,100.

Exhibition Advantages

Thailand is a large economy in Southeast Asia, second only to Indonesia, and is recognized as one of the world's emerging industrial countries and emerging market economies. Manufacturing, agriculture and tourism are the main sectors of the economy. Thailand is a net exporter of food in Asia and one of the world's top five exporters of agricultural products. Manufacturing industries such as the electronics industry are developing rapidly, and the industrial structure has changed significantly. The automobile industry is a pillar industry, and it is the automobile manufacturing center of Southeast Asia and the largest automobile market in ASEAN.

The exhibition covers topics such as plastic machinery, mold manufacturing, automobile manufacturing, assembly and automation, robots, surface treatment and spraying, industrial electronics, factory technology, 3D, fasteners, etc. The exhibition is highly professional and has representative technical standards, reflecting the level of development of Asian machinery manufacturing and mechanical equipment. Internationally renowned companies such as ABB, KAWASAKI, NACHI, HITACHI, MITSUBISHI, KUKA, SCHNEIDER, ABB, HIWIN, OMRON, IAI, EPSON, PNEUMAX, BECKHOFF, etc. participated in the exhibition. Countries and regions such as China, Japan, South Korea, Singapore, Malaysia, India, and Taiwan participated in the exhibition in the form of exhibition groups. The Chinese exhibition group has an exhibition area of 3,000 square meters and more than 240 exhibitors.

Market Analysis

In 2018, the bilateral import and export volume of goods between Thailand and China was US$79.93 billion, an increase of 7.8%. Among them, Thailand imported US$50.23 billion from China, an increase of 12.3%, accounting for 20% of Thailand's total imports. Thailand's trade deficit was US$20.53 billion, up 33.9%.

Mechanical and electrical products account for half of Thailand's total imports from China. In 2018, imports amounted to US$23.57 billion, up 12.9%, accounting for 46.9% of Thailand's total imports from China.

China-ASEAN Free Trade Area is China's largest foreign free trade area. At present, the total economic volume of the two sides is close to US$13 trillion, accounting for nearly 60% of Asia and 13% of the world's total trade; more than 90% of the product trade tariffs between China and ASEAN have been reduced to zero. This is the world's free trade area with the largest number of consumers and the largest coverage area, and it is also known as the "future world's third largest economy" after the European Union and North American Free Trade Area. The establishment of the China-ASEAN Free Trade Area will create endless business opportunities and broad prospects for the Chinese and ASEAN business communities. Therefore, entering the Thai market can radiate more than 10 neighboring countries.

Thailand is an important node country of the "21st Century Maritime Silk Road"; in 2017, Thailand's GDP achieved a 4% growth, total imports and exports reached US$459 billion, exports reached US$236 billion, and imports reached US$227 billion, an increase of 10% and 14.7% respectively. Thailand has introduced a 20-year national development strategy, Thailand 4.0 strategy, and the Eastern Economic Corridor Development Plan, and vigorously promoted infrastructure construction and border economic special zones. These initiatives are highly consistent with the "Belt and Road" initiative proposed by China and complement each other.

Bangkok is the capital of Thailand and a major city in Southeast Asia. Its GDP accounts for 44% of Thailand's total economy. Bangkok Port undertakes 90% of Thailand's cargo transportation. Bangkok is an important logistics, financial and exhibition center in Southeast Asia.