What has the “Belt and Road” brought to China's LED industry?

The “Belt and Road” is the abbreviation of “Silk Road Economic Belt” and “21st Century Maritime Silk Road”. Throughout Eurasia, the east connects the Asia-Pacific economic circle and the west enters the European economic circle. Whether it is to develop the economy, improve people's livelihood, respond to the crisis, and accelerate adjustment, many countries along the line have common interests with China.

In history, the Silk Road on the Sea and the Silk Road on the Sea are the major channels for China's economic, trade and cultural exchanges with Central Asia, Southeast Asia, South Asia, West Asia, East Africa and Europe. The “One Belt, One Road” is the inheritance and promotion of the ancient Silk Road. , has been widely recognized. “One Belt and One Road” has built a world corridor with the longest span and the most potential for development. This region is the most dynamic region in the world economy. Most of the markets are emerging markets and developing countries. Many countries have obvious development advantages and huge development space. .

China has always had close and close economic and trade cooperation with the “Belt and Road” countries, including trade in LED lighting products. We also hope that China's LED lighting products can go further and wider with the "One Belt, One Road" step!

First, the total export value exceeds 600 million US dollars

According to analysis: in the first quarter of 2017, China's LED lighting products exported 64 “Belt and Road” along the 64 countries with a total amount of 637 million US dollars, an increase of 12.42% over the same period of 2016, accounting for 24.3% of the LED export market.

Second, LED lighting product type analysis

According to analysis: 2017 Q1 export product type is consistent with 2016, except for 36.98% of unspecified lamps, bulbs, tube lights, and light bars are still in the top three positions. Bulbs ranked first with a total export value of US$132 million, accounting for 20.75%, an increase of 126.87% over the same period in 2016. The second place is the tube lamp, with a total export value of 58.75 million US dollars, accounting for 9.23%, an increase of 33.21%. The third place is the light bar, with a total export value of 40.65 million US dollars, accounting for 6.39%, down 13.4% year-on-year. The top five lighting products accounted for nearly half of the total, showing that the product concentration is still quite high.

Third, the ranking of export destination countries, Russia ranked first

According to analysis: In Q1 2017, among the 10 countries that imported the most LED lighting products in China, Russia won the championship with a price of 57.52 million US dollars, a decrease of 11.4% compared with the same period of 2016. Poland ranked second with US$52.53 million, a year-on-year increase of 3.14%. The third runner-up was India, which imported 45.14 million US dollars of LED lighting products, a year-on-year increase of 46.94%.

Fourth, the export enterprise Neutral Thaksin ranked first

According to statistics: In 2017, there were 3,837 enterprises in China's LED lighting products exporting “Belt and Road” countries. The top 30 enterprises exported a total of 186 million US dollars, accounting for less than 30%, showing that the overall concentration is small. The top ten companies are shown in the chart below. The total exports of the top ten companies are only 86.9 million US dollars, accounting for only 13.65%.


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