How Will Brexit Affect China's Lighting Exports?
May 06, 2022
Britain has voted to leave the European Union after a majority of votes were counted in Britain's referendum on The country's membership of the European Union on Sunday morning.
The "devaluation" of the pound will bring short-term benefits to tourists and shopping in Britain, as it will cost less RMB to buy the same goods in Britain. So, does it have an impact on lighting industry exports?
Overall:
For China, exports will undoubtedly be hit hard. In the first four months of this year, China's imports and exports to the EU increased, while those to the US, ASEAN and Japan declined. In the first four months of this year, the EU was China's largest trading partner. China-eu trade totaled 1.1 trillion yuan, a slight increase of 0.3%, accounting for 15.3% of China's total foreign trade. China's exports to the EU increased by 1.3%, while those to the US, ASEAN and Japan decreased by 3.5%, 3.5% and 1.5% respectively. If the EU disintegrates, China's export structure will be rebuilt.






