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my country's export volume of low-voltage electrical appliances hit a record high in July

my country's export volume of low-voltage electrical appliances hit a record high in July

2021-09-07

According to statistics from the General Administration of Customs, from January to July 2021, my country's low-voltage electrical products exports totaled US$12.46 billion, a year-on-year increase of 37.8% and a year-on-year increase of 36.9%.


In July, exports were 1.97 billion U.S. dollars, a year-on-year increase of 25.2%, and the monthly export volume reached the highest in history. Continuing the growth trend since September last year, my country's low-voltage electrical exports achieved double-digit growth for 11 consecutive months year-on-year. In the same period last year, the lower base was affected by the epidemic, and the current international market demand continued to recover are the main reasons for the growth.


The low-voltage electrical industry is closely linked to the development of the electric power industry. On the one hand, it stems from the new demand brought about by the new installed power generation capacity, and on the other hand, it stems from the replacement demand for the stock of low-voltage electrical appliances. In the context of "dual carbon", the state has increased investment in primary power distribution, secondary power distribution and new energy. The entire power equipment industry continues to upgrade, and new energy power generation installed capacity has grown rapidly, which will jointly promote the growth of low-voltage electrical appliances sales. It is expected that my country's low-voltage electrical exports will continue to increase in the second half of the year.


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