RCEP has ushered in new opportunities for China's lighting exports.

Since the beginning of this year, China's lighting products exports have shown a steady growth trend. According to customs statistics, in the first eight months, China's lighting products exports were 36.45 billion US dollars, a year-on-year increase of 0.4%.

In this regard, Han Shiliang, a researcher in the Chinese lighting industry of the China Chamber of Commerce for Import and Export of Mechanical and Electronic Products, believes that the continuous growth of lighting products exports is a rigid response to market demand. "The European and American markets, the RCEP (Regional Comprehensive Economic Partnership) regional market and the Middle East market are the main markets for China's lighting products exports."

The data shows that the market share of China's lighting products exported to Europe and the United States has shrunk slightly. In the first half of the year, China's lighting products exported to North America were US$10.45 billion, a year-on-year decrease of 5.5%, accounting for 28.7% of the global market share. Among them, exports to the United States were 9.36 billion US dollars and exports to Canada were 1.09 billion US dollars, down 5.5% and 4.9% year-on-year, respectively. In the first eight months, China's lighting products exports to Europe were 9.88 billion US dollars, a year-on-year decrease of 5.5%, accounting for 27.1% of the global share.

China's exports of lighting products to Asia increased. In the first eight months, China's lighting products exports to Asia were US$11.22 billion, a year-on-year increase of 10.4%, accounting for 30.8% of the global share. Among them, exports to ASEAN were US$4.48 billion, a year-on-year increase of 23%, accounting for 12.3% of the global share. In the ASEAN market, the amount of Chinese lighting products exported to Malaysia, Thailand, the Philippines and Laos increased significantly year-on-year; Although the absolute amount of exports to Myanmar is not high, it has achieved an explosive growth of 399.5% year-on-year. In addition, China's lighting products exported to India were US$1.04 billion, a year-on-year increase of 28.3%.

China's exports of lighting products to Latin America and Oceania have increased, while exports to Africa have declined slightly. In the first eight months, China's lighting exports to Latin America were US$2.45 billion, a year-on-year increase of 9.1%, accounting for 9.4% of the global share. Among them, exports to Mexico were 730 million US dollars, a year-on-year increase of 18.5%;

The implementation of RCEP provides new opportunities for China's lighting products exports. Data show that in the first half of the year, China's lighting products exported 7.07 billion US dollars to the other 14 RCEP member countries, a year-on-year increase of 12.0%, accounting for 19.4% of the global market share.

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