In the second quarter of 2018, China's export of LED lighting products was about 3.524 billion US dollars, a slight increase of 6.99% year-on-year, compared with 28.38% in the first quarter of this year. Today, 1° sister used data to introduce the export situation of LED products in the second quarter.
1. The total export value rebounded in the second quarter
In the second quarter of 2018, the total export volume of LED lighting products in China reached US$3.524 billion, an increase of 6.99% year-on-year and a growth rate of 28.38%. From the growth trend of total export volume in the quarter, the overall trend is basically the same as last year. After experiencing the decline in export volume in the first quarter, the second quarter ushered in a substantial increase, according to the 2017 growth trend, this year. The quarterly export volume in the second half of the year will maintain a small increase or flat.
2. Exports to Asia increased significantly
Judging from the overall data of China's exports in the second quarter, the Asian market occupied the first place, with total exports reaching US$1.087 billion, an increase of 6.59% year-on-year and a growth rate of 54.83%. It is worth noting that compared with the first quarter of 2018, the export share was only changed in Asia and North America. The share of exports in other continents did not change much, and the proportion of exports in Latin America fell slightly by 1%.
3, the bulb is still the most important product of LED export
In terms of export product types, bulbs are still the most important LED lighting export products in China, with a total export value of US$976 million, which is about 16% year-on-year and quarter-on-quarter growth, compared with the second-place tube lamp and the third place. Decorative lights occupy an absolute advantage. In the market share, the bulbs decreased by 3 percentage points compared with the first quarter of this year, and the decorative lights increased by 5 percentage points. The year-on-year growth rate reached 88.34%, and the share ranking rebounded to third place.
4. Situation of export enterprises
According to the analysis of customs data, most of the top 10 companies in the export business have changed slightly. Lixinda and Sunshine Encore still maintain the top two export totals. Kaiyao Electric and Shengdi Optoelectronics entered the list, among which Kay Yao Electric has risen by 18 and is currently ranked sixth. In the second quarter, a total of 18 companies exported more than 20 million US dollars, and 3 companies successfully exported more than 50 million US dollars.