China led in global exports of electrical lighting or signaling equipment, followed by Germany, Mexico, and the United States, signaling dominant production hubs. Key markets like South Korea, France, and Slovakia showed robust growth above 3%, indicating solid demand. Interestingly, Canada registered the highest increase in exports among major exporters. Conversely, Belgium saw a decline, and Norway registered a significant dip, reflecting potential challenges.
Future trends suggest continued expansion in Asia, with countries like India and the Philippines showing potential for growth. Outlook for newer markets, including Kazakhstan and Azerbaijan, appear promising, with significant year-on-year increases predicted to drive diversification in global export dynamics for these products.
Top countries in Export of Electrical Lighting or Signalling Equipment by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 5,466,400,000 | 2023 | +3.55% | +3.91% | View data |
| 2 | 2 Germany | 5,072,000,000 | 2023 | +3.29% | +3.06% | View data |
| 3 | 3 Mexico | 3,536,200,000 | 2023 | +3.9% | +3.65% | View data |
| 4 | 4 United States | 3,282,600,000 | 2023 | +3.27% | +3.71% | View data |
| 5 | 5 Czech Republic | 2,548,200,000 | 2023 | +2.87% | +0.82% | View data |
| 6 | 6 Japan | 1,840,400,000 | 2023 | +2.71% | +0.19% | View data |
| 7 | 7 South Korea | 1,558,300,000 | 2023 | +3.55% | +4.34% | View data |
| 8 | 8 France | 1,556,600,000 | 2023 | +2.4% | +2.68% | View data |
| 9 | 9 Slovakia | 1,524,900,000 | 2023 | +4.69% | +3.86% | View data |
| 10 | 10 Spain | 1,258,400,000 | 2023 | +2.48% | +2.61% | View data |
