China's LED lighting industry's exports in the third quarter have doubled
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According to CSAResearch's "China LED Lighting Products Export Quarterly", since 2014, China's LED lighting exports have been climbing, and the third quarter has continued strong growth in the first half of the year, achieving double growth. According to CSAResearch's statistical analysis of customs export data, in the first three quarters of 2014, the cumulative export value of LED lighting products in China was nearly 7 billion US dollars, a year-on-year increase of 101. The export value in the third quarter was 2.63 billion US dollars, an increase of 88. CSAResearch's analysis of customs export data shows that from the perspective of export destinations, China's export market structure has undergone major changes in 2014. The traditional markets of Europe and the United States have grown rapidly, while emerging markets such as BRICS and the Middle East have sprung up. In the third quarter of 2014, the share of the three major markets in Europe, the United States and Japan was 46, a decrease of 7 percentage points from the third quarter of 2013, while the market share of the BRICS and the Middle East increased significantly from 11 to 20. The top ten exporting countries and regions are the United States, Russia, Hong Kong, Germany, Japan, the United Kingdom, the Netherlands, Australia, Spain, Canada, France and Italy. CSAResearch believes that with the rapid development of the LED industry and the in-depth implementation of the prohibition of incandescent lamps in various countries around the world, some emerging markets are rapidly emerging. The pace of overseas LED lighting products is accelerating overseas, and the prospects for LED lighting exports are promising.