Looking at other major export destinations:
· China's lighting product exports to the North American market reached approximately $4.6 billion, continuing a downward trend with a 15% year-on-year decrease, 4 percentage points larger than the decline in the first four months.
· Exports to Belt and Road Initiative (BRI) countries totaled approximately $10.4 billion, down 4% year-on-year, but the decline narrowed by 1 percentage point compared to the first four months.
· Exports to the European market reached approximately $5.2 billion, representing a 2% year-on-year increase, 1 percentage point higher than the growth in the previous four months.
The China Association of Lighting Industry stated that although exports to the U.S. continue to decline, exports to Europe and other regions maintain a growth trend, reflecting the positive outcomes of China's diversified foreign trade development.
From the perspective of individual markets, the top 10 export destinations for Chinese lighting products are: The United States, Germany, Malaysia, Vietnam, The United Kingdom, Singapore, Thailand, Japan, The Netherlands and Canada. Total lighting product exports to these ten markets amounted to approximately $10.3 billion, down 6.5% year-on-year, accounting for 49% of China's total lighting product exports.