Latest data! China’s LED display exports exceeded $1 billion in the first three quarters of 2023

According to China Customs data, the export value of LED displays in the first three quarters of 2023 amounted to about $1.0338 billion.  a year-on-year increase of about 3.62%.

Compared with last year’s data, this year’s export value declined steadily from a high value in March to May, and the overall trend has been more stable since May. the export value in Q3 dropped about 9% compared with last year’s year-on-year, which was mainly due to the fact that last year’s export value continued to be high since Q2, and peaked in Q3 and Q4.

Compared to this year’s figures, Q3 exports increased by 2.5% over Q2, and Q2 exports increased by 8.2% over Q1.

By region, Asia’s export value accounted for 51% of the total export value in the first three quarters, Europe accounted for about 23%, the Americas accounted for about 21.3%, and Africa and Oceania accounted for about 2%.

It is worth noting that in the export value of Asia, Southeast Asia and the Middle East performance is obvious, of which Southeast Asia rose 47% compared to last year, in September this year, the export value of Southeast Asia region also rose 19% compared to August this year.

Middle East exports also rose 14.8% year-on-year last year, but in September, exports decreased by 25%.

European region and the Americas also have a certain growth, overall, the export value of a steady upward trend, but because of the second half of last year’s faster export growth, to reproduce last year’s high growth is still difficult, specifically by the impact of the international situation.