Views: 0 Author: Site Editor Publish Time: 2023-09-21 Origin: Site
According to the latest data released by the General Administration of Customs recently, China's total import and export value in the first eight months of this year was 27.08 trillion yuan, a slight decrease of 0.1% year-on-year, but the scale is still at a historical high during the same period. Among them, exports reached 15.47 trillion yuan, an increase of 0.8%; Imports reached 11.61 trillion yuan, a decrease of 1.3%.In August, imports and exports amounted to 3.59 trillion yuan, a year-on-year decrease of 2.5% and a month on month increase of 3.9%.
From the data from the first eight months of this year, the export value of lamps, lighting fixtures, and their components was 194.15 billion yuan, an increase of 1.4% year-on-year. From the single month data in August, the export value of lamps, lighting devices, and their components was 27.42 billion yuan, a decrease of 0.51% month on month, indicating downward pressure on external demand.
From a single month perspective in July, the export value of lamps, lighting fixtures, and their components was 27.28 billion yuan, an increase of 3.7% month on month; from a single month perspective in June, the export value of lamps, lighting fixtures, and their components was 26.31 billion yuan, an increase of 2.1% compared to the previous month.
Since 2023, driven by the significant effectiveness of a package of policies and measures to stabilize the economy, China's economy has accelerated recovery and market demand has gradually recovered. However, facing the complex and ever-changing international environment and weak domestic market demand, China's lighting industry as a whole is still in a period of pressure repair, with exports basically stable but increasing pressure.
It is worth noting that in the first 8 months of foreign trade data released by the General Administration of Customs, in terms of key export markets, China's foreign trade imports and exports show a major characteristic of "growth in imports and exports to ASEAN, and growth in imports from the European Union and the United States".
Among them, ASEAN is China's largest trading partner, with a total trade value of 4.11 trillion yuan, an increase of 1.6%, accounting for 15.2% of China's total foreign trade value; The total trade value with the European Union accounts for 13.6%; The total trade value with the United States accounts for 11.2%.
Nowadays, the impact of the "three year cycle disorder caused by the epidemic, causing fluctuations in industry exports" is gradually diminishing, and industry development is about to return to a normal cycle. In addition, the international political and economic environment has affected the relocation of some of China's lighting industry's production capacity to Southeast Asia and South America, and further affected the export of China's lighting products to the European and American markets.
China's foreign trade operation is generally stable
Regarding the foreign trade data from the first 8 months, Lv Daliang, Director of the Statistics and Analysis Department of the General Administration of Customs, stated that in the first 8 months, imports and exports remained basically unchanged year-on-year. In August alone, the import and export scale of nearly 3.6 trillion yuan increased by 3.9% compared to July, and by 8.2% compared to the average growth rate of the same period from 2020 to 2022. This scale is the second highest point in this year's monthly data and historical data.
Nowadays, with the continuous slowdown of the global economy, changes in key export markets, and the trend of stable foreign trade in China, the lighting foreign trade market in China is still under pressure. So, what will happen to China's lighting foreign trade market in the next fourth quarter and even throughout the year? The lighting industry will continue to pay attention!
