Key Market Indicators
China's electrical equipment export is projected to climb to approximately $894 billion by 2028, up from around $772 billion in 2023. This marks an average annual growth rate of 2.3%. Historical data shows that since 1997, China's supply in this sector has increased by 3.1% yearly. On the import side, China's electrical equipment imports are expected to reach roughly $694 billion by 2028, rising from about $600 billion in 2023. This also represents a 2.3% average annual growth rate. Since 1997, Chinese demand for electrical equipment has grown at an average rate of 2.8% per year.
