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Transferred from: Prospective Industry Research Institute

Major listed companies in the industry: Xiaomi (01810), ZTE (000063), Transsion Holdings (688036), etc

The core data of this article: the import and export value of the smartphone industry; The price level of imports and exports in the smartphone industry

Overview of import and export trade in the smartphone industry: The trade surplus in 2023 will exceed 950 billion yuan

At present, there are two main commodity names and HS codes in the import and export trade statistics of the smartphone industry by China Customs:

In recent years, the import and export volume of China's smartphone-related products has shown a fluctuating trend. According to customs data, the total import and export value of products related to China's smartphone industry in 2023 will be 973.059 billion yuan, a year-on-year increase of 3.7%, of which the import value will be 8.764 billion yuan, the export value will be 964.295 billion yuan, and the trade surplus will be 955.53 billion yuan. On the whole, China's smartphone products have been replaced by localization, and they can provide smartphone products to many countries.

From January to August 2024, China's smartphone import scale reached 5.157 billion yuan, and the export value reached 505.947 billion yuan.

Analysis of import sources and export destinations of the smartphone industry

——Import source of smartphone industry: Viet Nam is the largest source of imports

In terms of import sources, Viet Nam is the main source of China's smartphone imports. From January to August 2024, the top five sources of China's smartphone imports are Viet Nam, Thailand, Korea, United States and India, of which Viet Nam accounts for 83.6%, far exceeding other countries.

- Export destinations of the smartphone industry: United States accounted for 24.3%.

In terms of export destinations, the United States is the largest overseas region for smartphone exports. From January to August 2024, the top five export destinations were United States, Japan, U.A.E., the Czech Republic and Netherlands, accounting for 24.3%, 5.6%, 4.3%, 4.1% and 4.1% respectively.

The import and export price level of the smartphone industry

From the perspective of import unit price, the import unit price of smartphones from 2019 to 2023 will generally maintain an upward trend, and the average import price in 2023 will be about 3552.46 yuan/unit. From January to August 2024, the import unit price dropped to 3315.08 yuan/unit.

From the perspective of export unit price, the export unit price of China's smartphones from 2017 to 2023 is generally on the rise, and the average export price of China's smartphones in 2023 will be 1692.83 yuan / unit. From January to August 2024, the average export price of the smartphone industry was 1420.73 yuan/unit, a decline.

Analysis of influencing factors of import and export in the smartphone industry

After years of development, China has become the world's largest smartphone manufacturer, occupying a large market share in the global smartphone market. Due to the rapid development of technology and low cost, domestic smartphone products have gone abroad and emerged in the international market. On this basis, changes in smartphone import and export policies, industry technology progress, and the overall trade environment have an important impact on the development of China's smartphone industry.

For more research and analysis of this industry, please refer to the "Analysis Report on Market Demand Forecast and Investment Strategic Planning of China's Smartphone Industry" by Qianzhan Industry Research Institute.

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