Wire and cable are devices used to transmit electrical power, signals, or data, widely employed in various application fields. China exports a diverse range of wire and cable products, including power cables, communication cables, control cables, optical cables, and more. The country's economic growth and urbanization processes have driven demand for electricity and infrastructure, consequently promoting the growth of the wire and cable market. Additionally, the development of emerging industries such as renewable energy and electric vehicles has further stimulated demand for wire and cable.

        In global wire and cable import and export trade, China plays a crucial role. According to customs data, the Chinese wire and cable industry (HS: 8544) has shown a steady upward trend since 2018, especially during the pandemic period. Due to the significant demand for global pandemic control equipment in Asia, export volumes increased substantially. Following the global economic recovery after the pandemic in 2021, the total import and export value of China's wire and cable reached $36.058 billion, with export totaling $29.568 billion, a growth of 29.83% compared to the same period. The import value was $6.49 billion, showing an 11.32% growth. Building on this foundation, in 2022, China's total import and export value of wire and cable reached $37.461 billion, with export totaling $31.209 billion, a 5.55% growth, and import totaling $6.252 billion, a 3.68% decline, setting a new record for recent years. However, with the global economic slowdown and changes in market demand, China's wire and cable exports are expected to decrease in 2023.

        Furthermore, Chinese wire and cable manufacturers are capable of providing a wide range of product types, including power cables, communication cables, optical cables, etc., to meet the diverse needs of different countries and regions. According to customs data, in 2023, China's major export markets include the United States, South Korea, Japan, Hong Kong (China), Vietnam, Mexico, Australia, Indonesia, Thailand, and Germany. Among these, the U.S. market experienced a significant decrease compared to 2022. Looking at the overall market, Asia holds a substantial share, accounting for 51.12% of the total market.

In terms of product structure, from 2018 to the present, cables with jointed conductors and a rated voltage ≤1000V, as well as other jointed conductors with a rated voltage ≤1000V, have been dominant, representing 67.81% of the total market share. Among them, cables with a rated voltage of 80V, other jointed conductors with a rated voltage ≤80V, jointed cables, and other jointed conductors with a rated voltage greater than 80V but less than or equal to 1000V account for 39.04% of the total.

       The wire and cable industry in China enjoys certain advantages in foreign trade, thanks to its massive global production scale, enabling Chinese manufacturers to achieve economies of scale and reduce production costs. The relatively lower production costs make Chinese wire and cable products more competitive in the international market. Additionally, the industry's supply chain and industrial chain in China are relatively well-developed, encompassing aspects such as raw material supply, production equipment, and technical support. This allows Chinese manufacturers to better meet customer demands.

Technologically, products from the Chinese wire and cable industry often comply with international standards, contributing to increased competitiveness in the international market and reducing trade barriers. China actively participates in international trade cooperation, expanding market share and increasing export opportunities through strengthened collaborations with other countries and regions.

        It's important to note that the international market is highly competitive, and the foreign trade advantages of the Chinese wire and cable industry are also influenced by other factors, including global economic conditions, changes in trade policies, geopolitical factors, etc. Chinese suppliers should closely monitor market dynamics, continuously improve product quality and technological levels to maintain competitiveness. For more market information, online consultation is welcomed.

      As the first Chinese data company, Guotong Data can provide customs data for imports and exports from more than 80 countries since 2010. This enables precise online analysis of the distribution of import and export markets, detailed transaction information for import and export enterprises, specific quantity and price analysis, supply cycles, and more. It provides reliable data for major foreign trade enterprises and industry consulting companies.