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According to a report released on the 25th by the China Chamber of Commerce for Import and Export of Mechanical and Electrical Products, import and export data showed that in the first quarter of this year, Asia remained the largest export market for China's home appliances (white goods), with a growth rate of 5.1% compared to the same period last year.

The report points out that in 2023, business exchanges will gradually open up, and exhibition platforms such as the Canton Fair will gradually recover. However, due to the high base in the first half of last year, the market recovery is still in the adjustment period. Import and export data shows that China's home appliance exports in the first quarter were 27.78 billion US dollars, showing a slight decline; From the monthly data of the first quarter, it can be seen that exports in March reached 11.22 billion US dollars, a year-on-year increase of 12.2%, which far exceeded expectations and demonstrated strong resilience, driving the overall decline and recovery in the first quarter.

In the first quarter of this year, the global regional export pattern has differentiated. According to the import and export data, China's exports to Europe, the United States and Latin America have declined year-on-year, but its exports to ASEAN, the Arab League and African markets along the the Belt and Road have maintained a good growth trend. Asia remains the largest market for China's exports, with a growth rate of 5.1% compared to the same period last year, showing stable and promising performance.

The demand in Southeast Asia, the Middle East, and Africa has rebounded, and China's exports to these regions have steadily increased. Data shows that China maintains a double-digit growth trend in exports to ASEAN and the Middle East. Among them, China's exports to ASEAN continued the good growth trend last year, mainly due to factors such as the effectiveness of the Regional Comprehensive Economic Partnership Agreement (RCEP) dividend and the increasing complementary relationship between China and ASEAN industrial chains. Import and export data shows that benefiting from long-term stable economic and trade exchanges, China's exports to Africa increased by 21.2% year-on-year.

According to import and export data, in the first quarter of this year, among the six major home appliance categories and 37 products monitored by the China Chamber of Electrical and Mechanical Commerce, innovative and transformative products such as washing machines, water heaters, water purifiers, and hair dryers, as well as products such as induction cookers and electric cookers that benefited from fluctuations in energy demand and the impact of climate change, saw a steady increase in export volume after the epidemic, with export performance better than the same period in 2019.