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In the first half of 2017, China's LED exports to Brazil exceeded 1. $0. 4 billion!

2020-01-16

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Brazil is a large country in South America and Latin America, and its land area and population rank fifth in the world. Brazil is a member of the BRICS countries and one of the fast-growing major economies. Economic reforms have won new international recognition and influence. Brazil is China's trading partner in Latin America. China has also become a big trading partner of Brazil. China-Pakistan trade is highly complementary. Now let's take a look at the situation of China's LED lighting products exported to Brazil in the first half of 2017. Brazil is a large country in South America and Latin America, and its land area and population rank fifth in the world. Brazil is a member of the BRICS countries and one of the fast-growing major economies. Economic reforms have won new international recognition and influence. At the same time, Brazil is a major energy-consuming country in South America. Therefore, the Brazilian government, major organizations and relevant institutions have adopted a series of relevant energy-saving measures to encourage manufacturers and consumers to produce and purchase energy-efficient LED products. Nearly 1 of LED lighting products. 0. 5 billion exported to Brazil. Brazil has always been an important overseas market for China's LED lighting products. In the first half of 2017, China's LED lighting products exported to Brazil reached. $4. 6 billion, up 137 year-on-year. 42, ranked tenth in China's LED export destination countries. As can be seen from the figure, China's exports to Brazil fell sharply year-on-year in 2016. Generally speaking, the same is true of China's trade with Brazil in 2016. In 2016, Brazil imported 233 from China. $0. 6 billion, down 23. 9. This decline stems from the political turmoil and economic recession in Brazil in 2016, which led to the weakening of its currency, the real, thus causing a greater decline in its import demand. Since 2017, China's exports to Brazil have improved significantly. It is expected that China's exports to Brazil will grow rapidly this year. LED bulb lamp is popular. Judging from the product type, the export amount of LED bulb lamp is large, reaching 5. 5%. 0. 1 billion US dollars, exceeding the unlisted lamps. Followed by tube lights, projection lights, plane lights and downlights. Over 700 enterprises exporting to Brazil in the first half of 2017, there were 702 enterprises exporting to Brazil in China, among which the top 30 enterprises accounted for of the total exports and the top 10 enterprises accounted for more. Brazil's LED market has a broad prospect, thanks to the promotion of LED lighting products by the Brazilian government and local governments. According to TechSci Research statistics, the demand scale of Brazil's LED market in 2016 was 8. US $4. 8 billion, expected to grow to 25. In 2022. $6. 2 billion, achieving 20. A compound annual growth rate of 25. In 2016, Brazil's LED supply scale was 9. US $8. 8 billion is expected to grow to 27. By 2022. $2. 6 billion, with a compound annual growth rate of 18. 55. As the government and local authorities are committed to promoting solutions for LED lighting products and are affected by hosting the Olympic Games and the World Cup, outdoor lighting occupies a large market share in Brazil's LED demand market, 2016 33. 2 of the market share. With the improvement of the adoption rate of LED lighting in smart cities and other housing construction projects, from the perspective of China's LED product types exported to Brazil in 2017, the share of bulb lamps for indoor lighting is large, it is expected that the application of indoor LED lighting products will be further expanded.

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