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Chinese export orders rise at 113th Canton Fair
May '13
The number of visitors and export orders showed a rise at the 113th Canton Fair (China Import and Export Fair) that concluded earlier this month.
The fair attracted 202,766 overseas buyers from 211 countries and regions, an increase of 7.06 percent compared with the 112th fair held in October last year, but a decrease of 3.83 percent compared with the 111th fair held in the same period last year.
The total export turnover registered US$ 35.54 billion during the 113th Canton Fair, a growth of 8.8 percent from the 112th fair, but a drop of 1.4 percent from the 111th fair.
During the fair, transactions of Chinese enterprises with the EU, the USA, and Japan increased by 6.3 percent, 9.9 percent and 38 percent, respectively, compared with the previous fair, but declined by 4.9 percent, 0.5 percent and 12.6 percent, respectively, on a year-on-year basis.
Transactions of Chinese enterprises with other BRIC countries (India, Brazil and Russia) grew by 6.0 percent compared with the previous session, and 5.2 percent compared to 111th fair held during the same time last year.
Transactions of Chinese enterprises with the Middle East grew by 10 percent from 112th fair, and 3.8 percent over 111th fair.
Transactions of Chinese enterprises with Asean countries grew by 1.5 percent from the previous fair, but declined by 6.5 percent year-on-year.
Thus, the increased transactions at the fair indicate that overall situation of China’s foreign trade this year is expected to be better than last year, but the situation of insufficient external demand has not fundamentally changed, and hence the pressure on foreign trade development continues to exist.

Fibre2fashion News Desk - China

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