In October of this year, the export of electrical products in Yuyao continued to maintain its growth momentum, with the value of exports reaching US$760.64 million, an increase of 16.39% over the same period of last year. Among them, the growth of lamps and household appliances exports is huge, showing a trend of rising against the trend, showing the huge potential of these two industries in Yuyao City.
From the analysis of export classification data, the export growth of small household appliances products was stable. The export value in October was US$520.3 million, an increase of 21.0% over the same period of last year. The growth rate was basically the same as that of the same period of last year; the export of electric tool products declined, and the export volume was only 53.57 million. The US dollar decreased by 25.8% year-on-year; the export of lamps and household appliances rose against the trend, and the export volume of lamps and lanterns reached US$17.45 million, a year-on-year increase of 58.93%. The export value of household appliances was US$32.02 million, an increase of 91.97% over the same period of last year. The strong export momentum of refrigeration appliances and air conditioners has greatly boosted the growth of home appliance exports and became a new bright spot for the export of electrical products this year.
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