About 400 million LED lighting products exported to BRICS countries

About 400 million LED lighting products exported to BRICS countries

After ten years of hardening, the BRICS mechanism has become a major platform for cooperation between emerging market countries and developing countries. September 3rd-5th, the ninth meeting of the BRICS leaders held in Xiamen, China. Let's look at the first half of 2017 China's LED lighting products export BRICS countries.

The BRICS are composed of five countries: Brazil, Russia, India, China and South Africa which distributed in Asia, Africa, Europe and the Americas, becoming the leading emerging economies in the world. 5 countries accounted for 26.46% of the world's land area, the population accounted for 42.58% of the world's population, 2016 GDP accounted for about 22.29% of the world's total.

With the convening of the BRIC meeting this year, the trade cooperation between the five countries has been further deepened. So, what is the development of LED lighting products between China and other four countries? Today we will use the data to show it.

1, about 400 million LED lighting products exported to BRICS country

The first half of 2017, the total amount of China's exports of LED lighting products is more than 400 million US dollars, an increase of 41.22%, accounting for 7.1% of China's exports of LED lighting products. According to the export amount from large to small ranking are: Russia, Brazil, India and South Africa.

Russia and Brazil, the amount of the market close to 150 million US dollars, respectively, year on year growth rate of 10.39% and 137.62%, accounting for the first half of China's LED product exports were 2.50% and 2.46%. The two markets had negative growth in the first quarter year. The rapid growth in the second quarter, especially in the Brazilian market, strong performance in the second quarter of this year and still maintains the growth trend.

India's market is more than 100 million US dollars, accounting for the first half of China's LED product exports ratio of 1.79%, an increase of 31.01%.

South Africa's smaller market, not more than 20 million US dollars, an increase of -4.24% year on year. In May and June were 45.9% growth rate and 53.9% . According to the performance in the second quarter, it is expected to continue growth in the second half of this year and the total annual export is expected to exceed last year.

 2, bulb, tube lights, light bar is still the main export products

Bulb lights, tube lights, light bar, cast light and flat lights, as the main products of LED lighting in China's exports to the BRICS country, accounted for 54.47% (exports about 229 million US dollars). The amount of the export volume is followed by bulb, tube lights, light bar, cast light and flat lights.

Among them, the bulb, tube lights, light bulbs, cast light and flat lights in China's exports to the Russian market accounted for 48.97%, the Brazilian market accounted for 64.66%, the Indian market accounted for 48.19 %, the South African market accounted for 54.21%. Among them, spotlights, explosion-proof lamps in Russia and downlights in the Brazilian market also has a good performance.

3, the enterprises exporting to BRICS country is over 2200.

In the first half of 2017, China's export enterprises reached 11,323, of which exports of BRICS countries have 2284 enterprises (accounted for 2%). Of which the total exports of the top 30 enterprises accounted for 41.31% of the total exports of BRICS countries, the top ten corporate exports accounted for the overall proportion is about 23.00%.