LONDON Manufacturers of mobile phones in China saw the value of their exports increase by 104.9 percent to $7.15bn between January and July of this year, according to just published figures from the country's Ministry of Commerce.
The country exported 73.41 million handsets during the period, up 55.9 percent year on year, and 94 percent of the cell phones were exported by means of processing trade.
The rapid growth resulted in a surplus of $6.3 billion in the seven months, up 270 percent over the same period last year.
The exporters are mostly joint ventures between Chinese and overseas groups. Motorola, Siemens, Nokia and Ericsson accounted for 66 percent of GSM mobile phone units exported. Home-grown GSM mobile phone companies exported only 4 percent of the total GSM handsets.
Handsets were exported to 99 countries, with the US, Hong Kong, Germany and Singapore the top markets, representing three quarters of total exports.
Ministry officials attributed the surplus to China's increasing R&D capacity, which enabled domestic manufacturers to rely less on imports as they expanded production capacity.