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Nokia ’07 greater China exports $9.2 bln, up 30%

Nokia, the world’s top mobile phone maker, exported €6.2 billion ($9.18 billion) worth of phones and equipment from the greater China region in 2007, up 30% from the previous year, Nokia’s China head said on Friday.

“In 2007, our exports (from greater China) were €6.24 billion. That is a 30% year-on-year increase,” Colin Giles told reporters. Nokia sourced 42.6 billion yuan ($5.96 billion) from mainland Chinese factories, while the company’s work force in greater China grew about 78% in 2007 to almost 13,300 people. “It is growing as the business grows,” Giles said. He added that China was Nokia’s single largest market globally, taking up 13% of global sales.

Nokia’s total sales in greater China were €6.4 billion last year, up from 5.3 billion in 2006, he said. Nokia’s Q4 earnings were surprisingly strong as sales hit 133.5 million phones, more than its three closest rivals combined. Nokia has a network of 40 distributors in the mainland where 40 million of its handsets were sold in the fourth quarter of 2007, rising 6.8% from the previous quarter, according to data provider Analysys International. Nokia commanded 35.3% of the China market, while Samsung Electronics came in second with 13.2% and faltering Motorola had an 11.7% slice, Analysys International said. (Reuters)