Tuesday, August 31, 2004
China's mobile phone export value doubled in Jan-July
Press Trust of India Beijing, August 31
China, the world's biggest exporter of mobile phones, saw a 104.9 per cent increase in the value of its mobile phone shipment, which stood at $7.15 billion in the January-July period this year, the Ministry of Commerce said.
China exported 73.41 million handsets during the period, up 55.9 per cent year on year, and 94 per cent of the cell phones were exported by means of processing trade.
Producers of the exported handsets are mostly joint ventures with companies. Motorola, Siemens, Nokia and Ericsson accounted for 66 per cent of GSM mobile phone units exported. Home-grown GSM mobile phone companies exported only four per cent of the total GSM handsets.
China's cell phone exports cover 99 countries and regions worldwide. The United States, Hong Kong, Germany and Singapore are the four largest markets, occupying three quarters of the total export.
The rapid growth in cell phone export resulted in a surplus of $6.3 billion in the seven months, up 270 per cent over the same period last year.
Ministry officials attributed the surplus to China's increasing R&D capacity, which enabled domestic manufacturers to rely less on imports when they expanded their production capacity.
© HT Media Ltd. 2004.