The 126th Canton Fair was successfully concluded
2019/11/14

 

On Nov 4, the 126th Canton Fair was successfully concluded in Guangzhou. Xu Bing, Deputy Secretary General and Spokesperson of the Canton Fair and Deputy Director General of China Foreign Trade Centre, introduced the general situation of this session.

 

Xu introduced that the number of the buyers at this session was as expected and the quality of the buyers has been improved steadily against the slowdown of the world economic growth and the complicated and severe foreign trade situation. Buyer attendance of the 126th Canton Fair totaled 186,015 from 214 countries (regions), a decline of 2% over the 124th session.

 

Buyer attendance from China’s top 10 trading partner countries and regions in 2018 accounted for 61.62% of the total. The number of buyers from “Belt and Road” countries stood at 85,445, an increase of 1.03% over the same period of last year. It accounts for 45.93% of the total, 1.37 percentage points higher over the same period of last year.

 

Buyer attendance of the top 20 countries and regions accounted for 60.56% of the total. The top 10 countries and regions in terms of buyer attendance are Hong Kong SAR, the United States, India, Thailand, South Korea, Russia, Taiwan Province, Japan, Malaysia and Indonesia.

 

107 out of the Top 250 Global Retailers in 2019 attended the Fair. Among them were 5 of the Top 10 retailers: Wal-Mart, Schwartz, Amazon, Walgreen and CVS Health.

 

Lidl in Germany, Lifetime Brands in America, Auchan Group in France, LOCK&LOCK in South Korea, TAURUS GROUP in Spain, KESKO GROUP in Finland, Kawan Lama Group in Indonesia and other international well-known chain enterprises continue to participate in the multinational sourcing activities.

 

Buyer attendance proportion in terms of industries is: electronics and household electrical appliances accounting for 40.71% of the total, daily consumer goods 31.93%, home decorations 28.34%, gifts 27.23%, and machinery 26.48%.

 

Xu said that the export transaction has maintained a stable level and the steps of high quality development of foreign trade are accelerated. The accumulated export transaction of this session totaled 207.09 billion RMB Yuan (or 29.288 billion US dollars), a decrease of 1.9% over the 124th session.

 

Please refer to http://www.cantonfair.org.cn for more details.