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News - More Transactions In Canton Fair 2010

 

More Transactions In Canton Fair 2010

Canton Fair Travel



Exhibitors sell out all the toy samples at the last day of the fair. 
(Guangzhou Daily)



Canton Fair closed today (May 5, 2010) with China's biggest foreign trade fair showing strong signs of economic recovery. The volume of transactions has grown compared to the previous session and companies have been promoting innovative products, stepping away from the old business model reliant on cheap labor, Canton Fair Travel reports.

Foreign trade in the first quarter has improved and the Canton Fair received more merchants than previous years. Many exhibitors set-up larger booths and presenter a wider range of products, an obvious sign of confidence. Foreign buyers this year were looking for new and original products with high added value and good quality.


According to the spokesman, Mr. Chen Chaoren, Deputy Secretary General of the Canton Fair, the 107th Canton Fair was held successfully with growth rebound in both overseas buyers attendance and export turnover which yet to reach the previous level before crisis. As of May 4, 203996 overseas buyers from 212 countries and regions around the world attended the Fair, 15827 more than that of last Autumn Fair, representing an increase of 8.4% and a year-on-year decrease of 1.3%. The total export turnover stood at USD 34.30 billion, increased by 12.6 % over last Autumn Fair while decreased by 10.30% year on year.


According to the spokesman, Mr. Chen Chaoren, Deputy Secretary General of the Canton Fair, the 107th Canton Fair was held successfully with growth rebound in both overseas buyers attendance and export turnover which yet to reach the previous level before crisis. As of May 4, 203996 overseas buyers from 212 countries and regions around the world attended the Fair, 15827 more than that of last Autumn Fair, representing an increase of 8.4% and a year-on-year decrease of 1.3%. The total export turnover stood at USD 34.30 billion, increased by 12.6 % over last Autumn Fair while decreased by 10.30% year on year.


According to the Canton Fair Organizer, the attendance of overseas buyers of this session saw increase in general whereas those from the traditional markets are yet to be satisfied. 203996 overseas buyers from 212 countries and regions around the world attended the Fair, 8.4% up than last Autumn Fair. By country and region account based on this figure, 15.2% and 4.6% down from EU and Japan respectively while 3.8% up from the US. Significant increase was seen in emerging markets while growth maintained in Asia, the Americas, Africa and Oceania, among which Oceania registered the largest increase with 6921, representing an increase of 23.6%, and followed by the Americas, Africa and Asia with 29206, 16189 and 117925 respectively, representing increases of 17.8%, 17.7% and 10.5 %. 


The top 3 countries and regions in this regard were Hong Kong SAR, USA, Taiwan Province, whose figures reached 27821, 11274, 9249 respectively. 132735 regular buyers attended the Fair, accounting for 65.1% of the total and representing an increase of 8.2% than that of last Autumn Fair. And 71261 new buyers attended this session, accounting for 34.9% of the total overseas buyers and increased by 8.7% over last Autumn Fair.


In terms of turnover, machinery and electronic products, light industry products and textiles and garments are on the top 3, accounting for 46.9%, 29% and 11% respectively. The major transactions covered household electrical appliances, hardware, garments and accessories, textiles, construction and decoration materials etc.  


 



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