With each passing year, there are more and more technological innovations that most of us are waiting impatiently for. New devices and software help us work more efficiently. Various machines, smartphones and home appliances are an indispensable part of everyday life. Chinese manufacturers are leading in the creation of new technology, constantly coming up with innovations. A good solution for trade companies in this industry is attending electronics trade shows in China. There, you will find many new interesting products and meet potential business partners.
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.
Despite the growing prices and labor costs, China will remain to be the most important manufacturing base for electronic equipment. Large, qualified workforce and perfect supply chain determine that for the following years most of the smartphones, tablets and other gadgets will be manufactured somewhere between Guangzhou and Shenzhen. But what should the importer keep in mind, if he is about to start importing? In our opinion, the whole process should be divided to several phases.