Guangdong Household-Appliances Export Up Slowly in Aug 2017


According to Guangdong Customs statistics, in August 2017, Guangdong Province exported RMB 15.3 billion yuan worth of household appliances (including electric fans, air conditioners, refrigerators, DVD players, washing machines, microwave ovens, TV sets and digital cameras), up 4.9% year-on-year (YOY). During January-August, the export totaled 126.1 billion yuan, up 9.4% YOY.

Export Characteristics in August alone:

(1) Export maintained growth at a slower rate: In August, the export growth was only 4.9% YOY, lower than 5% for 2 consecutive months.

(2) Mainly by processing trade mode: this August, processing trade exported 9.01 billion yuan worth, up 2.5% YOY, accounting for 58.9% of the total; ordinary trade exported 5.86 billion yuan worth, up 15.6% YOY, accounting for 38.3%; Customs special controlled export reached 350 million yuan, a decrease of 28.4% YOY.

(3) Rapid growth in Latin America market, European market down: In August, Guangdong export of household appliances to the United States reached 4.05 billion yuan, up 8.1% YOY; the export to the EU reached 2.25 billion yuan, down 0.4%; the both accounted for 41.1%. Over the same period, the export grew fast to some emerging markets: Latin America reached 2.51 billion yuan, up 25.1% YOY, and the Middle East region reached 1.53 billion yuan, up 4.1% YOY; the both accounted for 23.2%.

(4) The majority was color TV and air conditioners: the exported color TV sets reached 5.11 billion yuan, down 3.9% YOY; household air-conditioners reached 2.84 billion yuan, up 15.1% YOY; the both accounted for 73.7% of total export; over the same period, exports of fans, microwave ovens and washing machines were respectively worth 1.4 billion yuan, 1.25 billion yuan and 200 million yuan, up 2.5%, 8.5% and down 4.5% YOY.
Source: China Customs