Foreign trade is an important part of the global economy, as it facilitates the exchange of goods and services across borders. In 2022, despite the challenges posed by the COVID-19 pandemic, some foreign trade products have achieved remarkable sales performance and popularity in the international market. In this article, we will introduce some of the hot-selling foreign trade products in 2022, and analyze the reasons behind their success.
Electrical machinery and equipment
Electrical machinery and equipment is the top export category of China, the world’s largest exporter of goods. According to the data from the General Administration of Customs (GAC) of China, this category accounted for 26.6% of China’s total exports in 2021, reaching US$804.5 billion. The main products in this category include mobile phones, computers, electronic integrated circuits, lighting products, and solar power diodes and semi-conductors.
One of the reasons why electrical machinery and equipment is so popular in foreign trade is the high demand for digital devices and smart technologies in various sectors, such as education, entertainment, health care, and e-commerce. Another reason is the competitive advantage of China in terms of production capacity, innovation, and cost-efficiency. China has a large pool of skilled workers, advanced manufacturing facilities, and a strong supply chain network that enable it to produce high-quality and low-cost electrical products. China also invests heavily in research and development, and has made significant breakthroughs in fields such as 5G, artificial intelligence, and cloud computing.
Furniture, bedding, lighting, signs, prefabricated buildings
Furniture, bedding, lighting, signs, prefabricated buildings is another hot-selling foreign trade product category in 2022. According to the GAC data, this category ranked third among China’s top export categories in 2021, with a value of US$126.3 billion, accounting for 4.2% of China’s total exports.
The main reason why furniture and related products are in high demand in foreign trade is the changing lifestyle and consumption habits of consumers around the world. Due to the impact of the COVID-19 pandemic, more people have shifted to working from home or online learning, which increased the need for comfortable and functional furniture and bedding. Moreover, as people spend more time at home, they also tend to pay more attention to their home decoration and improvement, which boosted the sales of lighting products, signs, and prefabricated buildings. Additionally, China has a long history and rich culture of furniture making, which gives it an edge in terms of design diversity, craftsmanship quality, and customer satisfaction.
Smart wearables
Smart wearables is another category that has achieved impressive sales performance in foreign trade in 2022. According to a report by Mordor Intelligence, the smart wearable market size is expected to grow from USD 70.50 billion in 2023 to USD 171.66 billion by 2028, at a CAGR of 19.48% during the forecast period (2023-2028).
The main reason why smart wearables are popular in foreign trade is the growing demand for entertainment and leisure products among consumers of different ages and backgrounds. Smart wearables can provide fun, relaxation, education, and social interaction for children and adults alike. Some of the most popular types of smart wearables in 2022 include smartwatches, smart glasses, fitness trackers, ear-worn devices, smart clothing, body-worn cameras, exoskeletons, and medical devices. China is a leading producer and exporter of smart wearables in the world, as it has a large and diversified industry that can cater to various preferences and needs of customers. China also has a strong innovation capability that enables it to create new and attractive products that can capture the attention and imagination of consumers.
Conclusion
In conclusion, we have introduced some of the hot-selling foreign trade products in 2022: electrical machinery and equipment; furniture; bedding; lighting; signs; prefabricated buildings; smart wearables. These products have achieved remarkable sales performance and popularity in the international market due to various factors such as high demand; changing lifestyle; consumption habits; competitive advantage; innovation capability; design diversity; craftsmanship quality; customer satisfaction. We hope this article has provided you with some useful information about foreign trade products in 2022.
Post time: Aug-18-2023
