China’s smartphone exports fell 6.4% in the January to October period from a year earlier.
- exported 642 million smartphones in the 10 months ended Oct. 31
- exports +10% y/y to 81.1 million in October alone
Data comes via China’s General Administration of Customs in a report China state-owned media from Yicai Global, a financial news outlet.
The report cites:
- shrinking global demand
- manufacturers relocating some production offshore, Vietnam and other regions
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This article was written by Eamonn Sheridan at www.forexlive.com.