The 124th Canton Fair has now ended (Sunday, 4 November), closing out what yet was another very successful edition of one of the world’s
largest and most important product sourcing events.
At a press conference held to mark the occasion, Deputy Director General of the China Foreign Trade Center, and Fair spokesperson, Xu Bing,
presented a round-up of the event to the media and guests in attendance. Here are some key facts and figures from the Fair:
The total overall attendance at the Fair was slightly lower than last year, at 189,812 visitors. This represents a drop of 1.11% year-on-year when
compared to the Autumn 2017 session.
The breakdown of attendees by region is as follows: from the Asia region, 105,692 visitors, accounting for 55.68% of the total; from Europe,
35,767 or 18.84% of the total; the Americas, 27,696 or 14.59%; Africa, 14,547 or 7.66% and Oceania, 6,110 or 3.22%.
Across the board, the number of businesses & organizations taking part in the Fair grew, with participants from Africa up by 1.15%; from the
Americas, up by 0.59%; from Asia, up by 0.82%, from Europe, up by 2.93%; and from Oceania, up by 2.95%.
The 10 highest ranked countries and regions for exhibitors, were Hong Kong (China), USA, India, South Korea, Thailand, Russia, Taiwan (China),
Malaysia, Japan, and Indonesia.
The top 20 countries and regions taking part in the Canton Fair accounted for nearly 65% of the total - an increase of 3.85% year-on-year overall.
The number of buyers from countries and regions, that are part of China’s Belt & Road initiative, this session reached 84,578, accounting for
44.56% of the total - an increase of 0.16%.
In terms of buyer interest, electronic goods and home appliances were the most popular categories at 40.2%, continuing what has become an
established trend. The next most sought-after products were consumer goods at 31.3%, then home decorations at 28.28%, gifts at 26.82% and
machinery at 26.73%.
The value of business conducted at the Fair was again impressive. Machinery and electrical goods once again accounted for the largest value
in terms of sales with over USD16 billion worth of contracts closed, which is 54.2% of the total. Light industrial products were next at USD7.3
billion or 24.5% of the total, while the third highest was textiles and apparel at around USD1.5 billion or 5.1% of total business done.
The value of export business done by Belt & Road members was US$9.63 billion, an increase of 2.7% year-on-year and 32.3% of the session’s total.
Innovation, Quality and the Canton Fair
As well as delivering the performance summary, Xu reaffirmed the Fair’s role as a showcase for China’s commitment to maintaining an ethical
and productive business environment. He said the Fair will continue to support the protection of intellectual property rights, raise awareness of the
issue and encourage innovation. Competition in today’s business environment, said Xu, is a competition among enterprises to deliver technical
innovation and service quality to customers.
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