CHINA IS THE WORLD’S LARGEST COMPUTER MARKET — IMPORT EXPORT DATA
The shipments made in China for PCs have grown to a very large extent and crossed the USA shipments. Due to this factor, China has become the world’s biggest market for PCs and computers. In the year 2023, the revenue generated from PCs, as per Import Export Data of China, would reach USD 37.98 billion. The largest segment of computers that are sold are laptops which are projected to reach USD 23.3 billion. By the year 2026, the market volume of PCs and desktops would reach USD 40.5 billion.
The biggest laptop and computer providers companies in China in Q2 of 2022 were:
· Lenovo (23% market share)
· HP (19% market share)
· Dell (19% market share)
· Apple (9% market share)
· Acer (8% market share)
· Asus (7.2% market share)
CHINA TRADE DATA STATISTICS
According to the Import Export Data for the year 2020, China was the largest exporter of computers in the world. The nation exported computers worth USD 155 billion in the year 2020 and computers became 2nd most exported product from China. If we talk about the major export partners of China, then as mentioned in the Import Export Data of 2020, the biggest importers of computers from China were:
· The United States (USD 49 billion)
· Hong Kong (USD 15.2 billion)
· Japan (USD 12 billion)
· Germany (USD 11.5 billion)
· Netherlands (USD 7.2 billion)
In the fiscal year 2019–20, the exports of computers from China grew drastically in the United States, Germany, and Japan.
On the other hand, according to the Import Export Data for the year 2020, China was the 20th largest importer of computers in the world. The nation imported computers worth USD 3.55 billion, and computers became the 79th most exported product from China. If we talk about the major import partners of China, then as mentioned in the Import Export Data of 2019–20, the biggest exporters of computers to China were:
· The United States (USD 935 million)
· Chinese Taipei (USD 380 million)
· Germany (USD 340.3 million)
· Malaysia (USD 270 million)
· The United Arab Emirates (USD 208 million)
In the fiscal year 2019–20, the imports of computers to China grew drastically from the nations like Chinese Taipei, Germany, and France.
LATEST TRENDS AND INSIGHTS (OCTOBER 2022)
In the month of October 2022, China exported computers worth USD 16.2 billion and imported close to USD 2.25 billion as mentioned in the Import Export Data of China, which led to an amazing margin and positive balance of trade worth USD 13.9 billion.
As mentioned previously, the favorite importing and exporting partners of China in the month of October 2022 were:
EXPORT PARTNERS: the USA, Hong Kong, Netherlands, Germany, and Japan
IMPORT PARTNERS: Thailand, Taiwan, China, Malaysia, and South Korea
GROWTH POTENTIAL
By looking at the past and recent trends in the computer industry, we can get a clear idea that China has got amazing growth potential in the field of importing and exporting computers. In the coming years, the exports would grow further and as per our estimates, China will be dominating the computer industry for some more years in the future.
CONCLUSION
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