largest export from china to which country

In 2022, industry revenue is expected to increase by 5.2%, to $237.8 billion, mainly driven by upgrading of mobile phones. Revenue for the Smartphone Manufacturing industry in China is expected to increase at an annualized rate of 6.2% over the five years through 2022. An increased focus on intellectual property and patents has also promoted revenue growth. The huge demand from terminal application markets such as industrial equipment, communication networks, and consumer electronics has contributed to revenue growth. This includes growth by 11.7% in the current year. The Integrated Circuit Manufacturing industry in China is expected to grow at an annualized 9.7% over the five years through 2022 to $221.8 billion, maintaining a sustained and stable growth trend over the period. Integrated Circuit Manufacturing in ChinaĬhina is the world's largest and fastest-growing integrated circuit market, and is also an important producer and provider of integrated circuits. Many companies have expanded into overseas markets to benefit from economies of. China's 5G commercial licenses have been issued in 2019, and 5G mobile phones are projected to significantly expand sales volumes. However, the industry's expansion has since slowed as the 4G mobile phone market has reached saturation. The industry developed rapidly from 2013 to 2016 due to the popularity of 4G mobile phones. This trend includes anticipated growth of 5.6% in the current year. Industry revenue for the Mobile Phone Manufacturing industry is expected to increase at an annualized 3.9% over the five years through 2022, to total $279.3 billion. Water Supply Sewerage, Waste Management and Remediation Activities.Specialist Engineering, Infrastructure & Contractors.Professional, Scientific & Technical Services.Agriculture, Forestry, Fishing & Hunting.Administration & Business Support Services.

Largest export from china to which country