Data & Research

Data | Home appliance exports from China up 0.6% YoY by volume from Jan to May

Statistics from the General Administration of Customs show that, from January to May 2023, the export volume of home appliances from China stood at 1426.22 million units, up 0.6% YoY, with the export value down 1.8% YoY at 36.2 billion USD.

Data | China’s exports to the “Belt and Road” countries account for an all-time high share by value

According to data from the General Administration of Customs, China’s total trade volume of mechanical and electrical products decreased by 5.8% to 1,162.81 billion USD in the first five months of 2023. Among them, the export value was 810.65 billion USD, a year-on-year increase of 1.6%, and the...

Data | The air conditioner production in the first five months up 14.2% YoY

According to the data from the National Bureau of Statistics, the air conditioner production from January to May of 2023 reached 114.25 million units, with a year-on-year increase of 14.2%. In May alone, the air conditioner production was 26.063 million units, a year-on-year growth of 18.3%.

Rise of large-capacity refrigerators in the past decade

China’s refrigerator industry forged ahead in the past decade amid the ups and downs of the market with the rise of large-capacity refrigerators standing out as a highlight.

Performance of China’s home appliance industry in Q1 2023

From January to February 2023, revenue of China’s home appliance industry stood at 237.4 billion Yuan, up 2.9% YoY, and profit of it made a growth to reach 15.5 billion Yuan. Year 2023 marks the recovery of China’s home appliance industry.