It seems like in modern society we cannot go through life without electronic devices. Thanks to appliances, we have more time to ourselves, and carrying a smartphone is a necessity. China has moved smoothly from a low-cost sector and low technology to a value-added industry and high technology, becoming a global production base for electronics. Despite being a developing country, China export loads of devices such as mobile phones, notebook computers and electronic components. In 2017, the value of China’s electronics manufacturing services market reached around $300 billion, and in 2023, the value of it is supposed to break $500 billion. Do you want to import such goods from China? Check the current US import duty on electronics.
Duty rates for dashcams from China
Dashcams, commonly associated with YouTube videos showing dangerous road incidents in Russia, are becoming more and more popular around the world, including the US and Europe. Those kind of devices are also relatively popular among the Chinese drivers, China is one of the world’s biggest producers of dashcams and huge part of this production is exported.
The market for medical equipment in China rises steadily. It is expected to grow to 3.7 billion USD by 2015 – by now, it accounts only for 14% of the country’s total pharmaceutical industry, but has an undoubted growth potential. The China’s healthcare infrastructure is still below the levels of developed nations, but the consumers’ expectations are rising, as well as their purchasing power.
Chinese chemical industry have been developing very quickly in the last thirty years, it can be said that China generates one third of the world’s global demand for chemicals (which is more than Europe). The government strictly controls foreign investments and offers a lot of help for stately owned enterprises, which are struggling to satisfy the growing demand.