Brazil is the largest country in South America and Latin America, with the largest land area and population in the world. Brazil is a member of the BRICS and one of the fastest growing major economies in the world. Economic reform has won new international recognition and influence. Brazil is China's largest trading partner in Latin America, and China has become Brazil's largest trading partner. China-Pakistan trade is highly complementary. Let us now take a look at the situation of China's LED lighting products exported to Brazil in the first half of 2017. Brazil is the largest country in South America and Latin America, with the largest land area and population in the world. Brazil is a member of the BRICS and one of the fastest growing major economies in the world. Economic reform has won new international recognition and influence. At the same time, Brazil is a major energy-consuming country in South America. Therefore, the Brazilian government, major organizations and related organizations have adopted a series of related energy-saving measures to encourage manufacturers and consumers to produce and purchase energy-efficient LED products. Nearly 150 million LED lighting products exported to Brazil Brazil has always been an important overseas market for the export of LED lighting products in China. In the first half of 2017, China's LED lighting products exported to Brazil reached 146 million US dollars, an increase of 137.42% over the same period. Ranked tenth in the country ranking. As can be seen from the figure, China's exports to Brazil in 2016 showed a sharp decline year-on-year. Overall, the trade between China and Brazil in 2016 was also the same. In 2016, Brazil imported 23.36 billion US dollars from China, down 23.9% year-on-year. The decline was due to the political turmoil in Brazil in 2016, and the economic recession, which led to the weakening of its currency, the Real, which caused its import demand to decline more. Since 2017, China’s exports to Brazil have improved significantly. It is expected that China’s exports to Brazil will see a leap in growth this year. LED Bulbs Most Popular From the product type, LED bulbs have the largest export value of US$510 million, exceeding the unspecified lamps. This is followed by tube lights, spotlights, flat lights and downlights. More than 700 Brazilian companies exported to China In the first half of 2017, there were 702 enterprises exporting to Brazil, of which the top 30 companies accounted for 60% of the total, and the top ten companies accounted for more than 30%. Brazil's LED market prospects are broad due to the promotion of LED lighting products by the Brazilian government and local governments. According to TechSci Research, the demand for LED market in Brazil is 848 million US dollars in 2016. It is expected to grow to 2.562 billion US dollars in 2022, achieving 20.25%. Annual compound growth rate. In 2016, Brazil's LED supply is 988 million US dollars. It is expected to grow to 2.726 billion US dollars by 2022, with a compound annual growth rate of 18.55%. Due to the government and local authorities' efforts to promote LED lighting products and the impact of hosting the Olympic Games and the World Cup, outdoor lighting has the largest market share in Brazil's LED demand market, accounting for 33.2% of the market in 2016. With the increase in the adoption rate of LED lighting in smart cities and other housing construction projects, from the perspective of the types of LED products exported to Brazil in 2017, the proportion of indoor lighting bulbs is the largest. It is expected that the application of indoor LED lighting products will be further expanded. .
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