In recent years, China has gradually become the main base of the global LED Lighting industry. For Chinese LED companies, achieving the expansion of the global market is the "ultimate goal." Therefore, under the guidance of related strategies such as “One Belt, One Road”, Chinese companies continue to march into overseas markets, and Chinese LED products are rapidly moving out of China and going global.
According to statistics from GGII, the total export value of LED lighting products in China was approximately US$21.958 billion in 2017, a year-on-year increase of 38%, and the export volume was approximately 16.86 billion, an increase of 23% year-on-year.
However, the Sino-US trade war that broke out in 2018 LED to a dramatic change in the international trade environment. Many countries, including the United States, began to restrict Chinese exports. Last year, export giants including Sunlight Lighting and Debon Lighting increased their efforts in the domestic market, which also restricted the export of Chinese LED lighting products to a certain extent.