Export Data: 2015 Lighting Insurance Keep Double-digit Export Growth, The US-ASEAN Into A Bright Spot

- Dec 10, 2015-

Throughout 2015 the global economic situation, economic recession in six years, the world is still hard now clear signs of recovery, the slow growth in global trade, as a whole in the restructuring phase. Meanwhile, China's growth is slowing overall economic situation, under the influence of the country's overall environment, China's lighting industry growth rate also declined compared with last year, but exports of lighting products, with growth still higher than the national average, the industry exports .

Throughout the global economic trends, half iceberg half of the flame

Under the new situation, the "BRIC" countries after several years of rapid growth, now slightly less than the subsequent development of power, such as the Russian ruble devaluation has not yet emerged from the shadows; Brazil by political and economic blow to the Brazilian trade deficit reduction over the same period 30%; after the World Cup in South Africa, economic growth continues to decline, faced with the risk of a recession; India "BRIC" to maintain good growth, even more than China's momentum.

In Japan, since Japanese Prime Minister Shinzo Abe implemented in 2012 to ultra-loose monetary policy to expand fiscal spending and economic reform as "three arrows" and "abenomics" since now the effect gradually weakened, weak domestic demand in Japan's economy shrank again.

The United States, after six years of recovery, the US economy out of recession looks predicament, in 2015 the US economy will grow 2.6 percent in the major developed economies, which are also considered thriving, and entered into a new round of rising cycle. And across the ocean to suffer hardships EU immigration crisis, terrorism and the debt crisis, the euro zone economic recovery in a short time is a more fragile dream.

With the ASEAN economic integration process forward, the advantages of a "single market and production base," and other terms of scale have become increasingly prominent in the future if the production process to achieve the level of division of labor within the ASEAN region according to the degree of economic development, will become a "world factory" new engine , the market potential is huge. Throughout the global economic situation, described as "half ice, half of the flame."

First three quarters of the country exports fell 2 percent, the United States into a new growth point in ASEAN

In this context, China's foreign export trade accordingly change. According to customs statistics, from January to October this year, China's exports amounted to 11.46 trillion yuan, down 2%. Among them, the October exports 1.23 trillion yuan, down 3.6%.

In the major trading partners of the United States, ASEAN exports to maintain growth, the EU, Japan, the decline in exports. Among them, the European Union as the largest trading partner, exports of 1.8 trillion yuan, down 3.7%. United States is the second largest trading partner, with exports of 2.1 trillion yuan, an increase of 5.8%. ASEAN is China's third largest trading partner, with exports of 1.39 trillion yuan, an increase of 4.2%; Japan is China's fifth largest trading partner, exports to 691.52 billion yuan, down 9%. In addition, exports to Hong Kong Inland 1.55 trillion yuan, down 11.7%.

The main export provinces and cities in Guangdong, Jiangsu and other major cities before the 10 months is better than the overall export performance, including Guangdong 3.18 trillion yuan, an increase of 0.4%; Zhejiang 1.41 trillion yuan, an increase of 1.5%; Fujian 580.68 billion yuan, an increase of 2.6%; and Jiangsu 1.73 trillion yuan, down 0.7% ;; Shanghai 1.01 trillion yuan, down 4.7 percent; Shandong 707.08 billion yuan, down 2.4%; Beijing 265.55 billion yuan, down 16.3%.

Lighting exports grew 13.88 percent, faster than the national average

2015 China's overall economic situation is slowing growth, under the influence of the country's overall environment, China's lighting industry growth rate also declined compared with last year, but exports of lighting products with the industry growth rate is still higher than the national average.

As of the third quarter of 2015, China's lighting industry, total exports have reached $ 32.9 billion, representing an increase of 8.77% compared to last year. Among them, the export volume of electric light source is 9.34 billion, compared to the decrease of 12.49% over last year; exports of lighting products still maintain a certain growth, lighting products exports reached $ 25.55 billion, representing a year-over-year increase of 13.88 percent.

As countries "cut white" policies were introduced, the consumer awareness of energy conservation and environmental protection, fall and other factors LED technology to enhance products and prices, making LED products in the global lighting market penetration continued to expand, the global lighting needs Continued growth. Meanwhile, in the "area all the way" strategy, Russia, India, the Middle East, South Africa and other markets become the new beautiful landscape, many lighting companies have to force the international market, as yaming force in the Middle East market, Linsen enter the Indian market, Macquarie Blue expanding Russian market.

Data words matter


● 2014 - The 2015 China's monthly export growth
China's exports in 2014 rose overall in a stable growth phase, to the February 2015 ushered in after the peak growth of 48.3%, as the market expected pessimistic, total export growth in March then stumbled, and maintained at low or even negative growth state and continue until the end.

● 2015 January - major trading partners China in October exports
In the major trading partners of the United States, ASEAN exports to maintain growth, the EU, Japan and exports to Hong Kong are declining to varying degrees. Among them, the European Union as the largest trading partner, exports of 1.8 trillion yuan, down 3.7%. United States is the second largest trading partner, with exports of 2.1 trillion yuan, an increase of 5.8%. ASEAN is China's third largest trading partner, with exports of 1.39 trillion yuan, an increase of 4.2%

 

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