Foreign trade these export products are selling like hotcakes! Check out the list of 12 popular products

12 popular export products are selling very well in foreign trade!

The Qatar World Cup is coming, and the mascot, Raby, is also gaining popularity. The derivatives of the mascot Raby are also “Made in China”. Recently, in addition to World Cup-related products, these “Made in China” products are also selling well overseas!

In this issue, we have sorted and inventoried the products that have been hot-selling for export recently, hoping to provide guidance and reference for exporters.

01

Christmas products, export amount increased by 88.5%

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From July to September every year is the peak season for Christmas products export. 80% of Christmas products worldwide come from China, and 80% of China’s Christmas products come from Yiwu. Although Yiwu’s Christmas product orders have been impacted by the pandemic, they are gradually recovering now.

According to the data from the Hua Jing Market Research Center, from January to August 2022, China’s export of Christmas products reached 57.435 billion yuan, a year-on-year increase of 94.70%, of which the export amount of Zhejiang Province was 7.589 billion yuan, accounting for 13.21% of the total export amount.

Data from the Yiwu Customs also shows that from January to July 2022, the export amount of Christmas products from Yiwu reached 1.75 billion yuan, an increase of 88.5% year-on-year; among them, the export amount in July was 850 million yuan, an increase of 85.6% year-on-year and 75.8% month-on-month.

02

Qingdao pickled cabbage is selling well in South Korea

Recently, more than 260,000 mu of Chinese cabbage in Qingdao, Shandong Province has entered the harvest season. In addition to being sold domestically, some of these cabbages will also be processed into delicious pickled cabbage and exported. It is reported that the cultivation area of Chinese cabbage in Qingdao this year is about 267,000 mu, and the total output is expected to reach 1.33 million tons, a year-on-year increase of 13%. According to the Qingdao Municipal Bureau of Agriculture and Rural Affairs, there are currently more than 20 pickled cabbage processing companies above a certain scale in Qingdao, and pickled cabbage is mainly exported to South Korea. It is expected that 270,000 tons of pickled cabbage will be exported to South Korea this year, accounting for more than half of South Korea’s annual demand.

03

Zhejiang thermos cups sell like hotcakes in Europe and America

The gradual recovery of global business activities has boosted the demand for thermos cups in Europe and America. Zhejiang has the highest number of thermos cup-related enterprises in China, with more than 1,300 thermos cup production and sales companies in Jinhua City alone. According to customs data, in the first three quarters of this year, thermos cup exports from Zhejiang Province alone exceeded 5 billion yuan, a year-on-year increase of 73.4%.

04

“Made in China” fitness equipment has a promising export outlook

In the fitness market, the number of global fitness users continues to grow, and is expected to exceed 1.3 billion by 2023. The largest fitness demand country, the United States, has one-tenth of its population practicing yoga, which has led to a continuous hot market for yoga mats, foam rollers, and other related products.

The combination of low-carbon travel and government subsidies in Europe and America will continue to drive the global cycling market for the next 3 years. The cycling market in South American countries will also rise, especially for electric bicycles and electric scooters, which have strong demand.

Looking at the world, exquisite camping has also moved from a niche market to a mainstream trend, facing a second outbreak. The upstream and downstream of the relevant industry chain are hot, and it will show a strong trend of going abroad in the future.

According to statistics from the General Administration of Customs, the compound annual growth rate of China’s fitness equipment exports from 2017 to 2021 was 32.88%, showing a continuous growth trend. In 2021, the total value of China’s fitness equipment exports reached 8.945 billion U.S. dollars. According to AiMedia Consulting data, China’s fitness equipment market was worth 54.65 billion yuan in 2021, a year-on-year increase of 15%, and is expected to reach 62.85 billion yuan in 2022 and 79.96 billion yuan by 2024.

The cross-border index shows that in the future global fitness market, commercial-to-home, miniaturization, and intelligence will be the trend, and China, as the world’s largest supplier of fitness equipment, has very good export prospects.

05

Export of heating equipment has surged, and customized heating equipment is in high demand

Since the beginning of this year, China’s produced and manufactured heating equipment has been selling well overseas, and the export volume has achieved rapid growth in the first three quarters. Customs General Administration data shows that from January to August 2022, China’s total export of small household appliances for heating reached 14.37 billion yuan, a year-on-year increase of 21.4%.

Electric water heater export orders are increasing, electric blankets are showing strong production and sales, and electric heaters are experiencing a “rush to replenish orders”… An analysis report from the China Household Electrical Appliances Association shows that since 2022, China’s exports of household appliances such as air conditioners, electric heaters, and electric blankets to Europe have shown a growing trend, among which electric blankets lead other categories with a growth rate of 97%.

As winter approaches, China’s heating equipment is experiencing a wave of export fever. Data shows that in the first three quarters of this year, China’s electric water heaters, electric heaters, and other products have achieved rapid growth in exports to Europe, with accumulated export amounts of 160 million US dollars and 850 million US dollars, respectively, and the export volume of electric blankets has increased by 46.1% year-on-year.

06

Export volume of wind power equipment has surged, and 60% are from China

With its “stable” hard power, China’s wind power equipment has firmly established itself in overseas markets. From 2017 to 2021, China’s export volume of wind power turbines has grown from less than 20,000 units to over 40,000 units, and the export amount has increased from nearly 3 billion yuan to over 9 billion yuan.

In recent years, the export of wind power equipment in China has grown rapidly. Currently, 60% of wind power equipment in the global market comes from China. Since 2015, the compound annual growth rate of wind power equipment exports can reach 51%. In the first half of this year, wind power equipment exports increased by more than half compared to last year.

07

Container Ships and Hulls Become Explosive Exports

The container ships carrying export goods have become one of China’s explosive exports. Nowadays, China has become the world’s largest shipbuilding country, with exports accounting for more than 80%. According to data from Huajing Industry Research Institute, from January to October 2022, the number of container ships exported by China was 93, an increase of 10 ships compared to the same period in 2021, a year-on-year increase of 12%; the export amount was 3.76776 billion US dollars, an increase of 662.89 million US dollars compared to the same period in 2021, a year-on-year increase of 21.4%.

The data shows that from January to August 2022, China completed shipbuilding of 23.94 million deadweight tons, accounting for 45.4% of the world market share. The new order volume was 28.05 million deadweight tons, accounting for 50.6% of the world market share. The order backlog was 102.03 million deadweight tons, accounting for 47.7% of the world market share. All three major indicators rank first in the world market share. From the beginning of the year to now, the entire China Shipbuilding Group has delivered 159 ships, approximately 12 million deadweight tons.

08

China’s Lithium Battery Exports See Explosive Growth

Lithium batteries are a “explosive product” for China’s exports. In recent years, the demand for global energy storage equipment has greatly increased. Customs statistics show that from January to August 2022, China’s cumulative exports of lithium-ion energy storage batteries amounted to US$29.926 billion, a year-on-year increase of 82.97%. In recent years, because of its high and stable charging and discharging efficiency, lithium batteries have been regarded as the preferred modern energy storage equipment worldwide.

Since the first batch of lithium battery equipment was exported from China in 2015, the export of lithium battery equipment from China has now covered more than 30 countries and regions. In 2021, China’s shipments of energy storage batteries reached 48GWh, a year-on-year increase of 167%, and it is expected that the installed capacity will exceed 90GWh in 2022, a year-on-year increase of 88%, and will exceed 324GWh in 2025. According to customs statistics, from January to August 2022, China’s cumulative exports of lithium-ion energy storage batteries reached 29.926 billion US dollars, a year-on-year increase of 82.97%.

With the synergistic effects of technological innovation, economies of scale, price competition, and manufacturing experience, China’s lithium battery industry has expanded in scale and costs have also rapidly decreased. Data shows that the unit price of battery systems produced by battery manufacturer Pylontech has decreased from 2.03 yuan/Wh in 2017 to 1.51 yuan/Wh in 2019, and further to 1.45 yuan/Wh in 2020. Currently, the average price of energy storage batteries in China is roughly between 1-2 yuan/Wh, which has become a strong advantage for export companies.

09

Export growth exceeding 700%! Household energy storage equipment sells well abroad

In European regions, energy supply remains tight and electricity prices are high, leading to a surge in demand for household energy storage equipment and a significant increase in exports by domestic related companies. According to statistics from the Taizhou Customs, the export value of household energy storage equipment in the entire Taizhou region has increased by more than 700% year-on-year since the beginning of this year, maintaining a good trend.

10

Overseas tourism market recovers, and luggage exports rebound strongly

Luggage is a traditional export commodity of China. With the recovery of the overseas tourism market, luggage exports have also rebounded. According to the data from the Hua-Economic Research Institute, from January to October 2022, the export volume of leather bags and similar containers from China was 95,834 tons, an increase of 16,824 tons compared with the same period in 2021, a year-on-year increase of 21.8%; the export amount was 2.584795 billion US dollars, an increase of 54.0685 million US dollars compared with the same period in 2021, a year-on-year increase of 26.6%.

As one of the three major luggage and bag production bases in China, Pinghu, Zhejiang mainly exports travel suitcases, and the export volume of luggage and bags accounts for about one-third of the country. Since the beginning of this year, more than 400 local luggage and bag manufacturing companies have generally been in a busy state of overtime work, with foreign trade orders maintaining growth of more than 50%. From January to August this year, the export volume of luggage and bags increased by 60.3% year-on-year, reaching 2.07 billion yuan, with a cumulative export of 250 million luggage and bags. Under the policy bonus of RCEP (Regional Comprehensive Economic Partnership Agreement), orders in relevant regions have also increased significantly. Among them, the export volume of Pinghu luggage and bags to RCEP countries is 290 million yuan, a year-on-year increase of 77.65%, exceeding the overall growth rate. In addition, the growth of orders from Australia, Singapore, and Japan this year is particularly significant.

In addition to Zhejiang, Li Wenfeng, vice chairman of the China Chamber of Commerce for Import and Export of Light Industrial Crafts, pointed out that orders for luggage and bags in various major production areas in China, such as Guangdong, Fujian, and Hunan, have shown rapid growth this year.

11

China’s LCD TV exports surged by 30%

LCD TV

China’s General Administration of Customs latest data shows that China’s exports of LCD TVs continue to grow. In July, exports reached 8.43 million units, a year-on-year increase of 30.4%. From January to July, cumulative exports reached 51.58 million units, a year-on-year increase of 16.4%. Industry insiders believe that in recent years, TV products made in China have reached the international leading level in quality and technology, and have been recognized by overseas consumers.

Mid-to-high-end TV sets

Starting from the third quarter, the overseas market of the TV industry has entered the peak sales season, and many companies have experienced the phenomenon of full orders, especially for mid-to-high-end TV sets, the growth momentum is particularly evident.

12

China’s automobile export quantity and quality both rise, with outstanding growth in European and North American markets.

New energy vehicles

It is understood that in the first half of 2022, the global sales of new energy vehicles exceeded 4.22 million units, a year-on-year increase of 66.3%. Among them, China’s new energy vehicle sales accounted for more than 60% of the global total, with a year-on-year increase of 115%. The China Association of Automobile Manufacturers recently disclosed that from January to October this year, China’s new energy vehicle exports reached 499,000 units, a year-on-year increase of 96.7%. China’s new energy vehicle production and sales volume has been ranked first in the world for many years and has entered a comprehensive market-oriented expansion period.

In 2022, the main export markets for new energy vehicles include Mexico, Chile, Saudi Arabia, the Philippines, and Russia. The European market has become the main new export destination for many Chinese domestically produced electric vehicles. According to data from the General Administration of Customs, in the first half of 2022, Western Europe accounted for 34% of the export market for new energy passenger cars, with Belgium importing the most new energy vehicles from China in the first half of the year.

Two-wheeled electric vehicles

China is the world’s largest exporter of two-wheeled electric vehicles. According to a report by CCTV Finance, the export situation for two-wheeled electric vehicles this year is very hot. China’s customs data shows that the market size for two-wheeled electric vehicle exports is constantly expanding. From January to July 2022, China’s two-wheeled electric vehicle exports reached 20.63 billion yuan, a year-on-year increase of more than 9%. Despite the global economic downturn in recent years due to the pandemic, China’s exports of two-wheeled electric vehicles have taken off against the trend, with 17.94 million units exported in 2020 and 22.9 million units exported in 2021. This year, high-speed growth is almost certain to be achieved again.

Second-hand Cars

According to statistics from the China Automobile Dealers Association, in 2021, China exported a total of 15,000 second-hand cars. However, in the first half of this year, China’s second-hand car exports have already exceeded 16,000. At the same time, the average unit price of second-hand cars exported from China has also increased significantly, from less than $5,000 in 2019 to nearly $15,000 in 2021.

The main export destinations for second-hand cars are countries and regions along the “Belt and Road” route. The “China Second-hand Car Export Country Guide (2021)” shows that Chinese second-hand cars have been sold to nearly 80 countries and regions around the world. Among them, 10,566 second-hand cars have been exported to countries along the “Belt and Road” route, accounting for 97% of the total export volume, with an export amount of $64.55 million, accounting for 93.8% of the total export amount. Looking at specific export countries, Nigeria, Angola, Benin, Mongolia, and Djibouti are the top five export markets.

As second-hand car exports have just started and the base is small, the overall growth momentum is stronger than that of new car exports. It can be said that it is the biggest bright spot in China’s second-hand car market, which has been bleak under the impact of the epidemic. From the above popular export product categories, we can see the impact of weather and epidemic changes on export market trends. In view of the different characteristics of different periods, we urge sellers to continue to pay attention to the latest information to avoid missing business opportunities.

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