Core Insights - China's lighting product exports totaled approximately $20.9 billion from January to May, representing a year-on-year decline of about 7% [1] - Exports to the United States, the largest market, amounted to approximately $4.2 billion, down 17% year-on-year, accounting for 20% of total exports [1] - In May, lighting product exports were around $4.6 billion, showing a month-on-month increase of about 2% [1] Export Performance - Exports to North America reached approximately $4.6 billion, down 15% year-on-year, with a 4 percentage point increase in the decline compared to the previous four months [2] - Exports to Europe were approximately $5.2 billion, showing a year-on-year growth of about 2% [2] - Exports to countries involved in the Belt and Road Initiative totaled about $10.4 billion, down 4% year-on-year, with a narrowing decline of 1 percentage point compared to the previous four months [2] Product Breakdown - The total export value of lighting products for the first five months was approximately $15.7 billion, down about 8% year-on-year [3] - Specific lighting products such as Christmas lights and LED-based fixtures saw export value increases of 45%, 7%, and 5% respectively [3] - Exports of electric light source products were approximately $2.3 billion, down 12% year-on-year, accounting for 11% of total exports [3] Market Trends - The top ten export markets for China's lighting products included the United States, Germany, Malaysia, Vietnam, and others, with a combined export value of about $10.3 billion, down 6.5% year-on-year [2] - Export growth rates for markets like the United States, Malaysia, and Singapore were in a downward trend, with declines ranging from 2% to 12% [2] - Conversely, exports to Germany, Vietnam, and the Netherlands showed positive growth rates between 0.8% and 11% [2]

Core Insights - The overall export value of China's lighting products from January to April is approximately $16.3 billion, representing a year-on-year decline of about 7%, with a slight narrowing of 1 percentage point compared to the first quarter, accounting for 2.3% of the total mechanical and electrical product exports [1] Group 1: Export Market Overview - The United States remains the largest export market for China's lighting products, with exports valued at approximately $3.4 billion from January to April, down about 12% year-on-year, and this decline has expanded by 7 percentage points compared to the previous three months, making up 21% of China's total exports, a decrease of 1 percentage point from the same period last year [1] - The export value of lighting fixtures to the U.S. is around $2.5 billion, also down about 12% year-on-year, which constitutes 73% of the total exports to the U.S., remaining stable compared to the previous year [1] - The most significant decline is seen in electric light sources, with an export value of approximately $390 million, down about 16% year-on-year, accounting for 11% of the total exports to the U.S., a decrease of 1 percentage point from the previous year [1] Group 2: Product Category Performance - The total export value of lighting fixtures from January to April is approximately $12.2 billion, reflecting a year-on-year decline of about 8%, with a narrowing of 1.5 percentage points compared to the first quarter, representing 75% of the total lighting product exports, consistent with the previous year [2] - Exports of other electrical lighting fixtures and accessories have decreased, with a year-on-year decline of about 15%, accounting for 31% of lighting fixture exports [2] - Certain categories, such as Christmas lights and LED-based lighting fixtures, have shown growth, with export values increasing by 42%, 6%, and 6% respectively, alongside corresponding increases in export volumes [2] Group 3: Electric Light Source Export Trends - The export volume of electric light sources is approximately 8.9 billion units, showing a year-on-year increase of 9%, with ordinary lighting electric light sources accounting for about 5.3 billion units, up 39% year-on-year [3] - LED electric light sources, including LED bulbs, tubes, and modules, have an export volume of about 4.7 billion units, reflecting a year-on-year increase of approximately 41%, making up 90% of the total ordinary lighting electric light source exports, an increase of 2 percentage points from the previous year [3] - Despite the growth in export volume, the export value of electric light sources is under pressure, totaling approximately $1.8 billion, down about 11% year-on-year, accounting for 11% of the total lighting product exports, a decrease of 1 percentage point from the previous year [3]