Home / Knowledge / News / Textiles / Canton fair seriously impacted by crisis
Canton fair seriously impacted by crisis
11
May '09
The 105th Canton Fair in Guangzhou came to an end. China's foreign trade has been seriously impacted by the global financial crisis can be gauged from the fact that, the total export turnover of the fair reached US $26.23 billion, down 16.9 percent from the previous session.

According to the Deputy Secretary-General of the Canton Fair and press spokesman Mu Xinhai at yesterday's closing ceremony, the 105th Canton Fair received 165,436 buyers from 209 countries and regions, less 9,126, or down 5.2 percent from the previous session.

In addition to reduced visitors, the export turnover has also contracted to some extent. The export turnover of the 105th session registered US $26.23 billion, less US $5.32 billion or 16.9 percent from the previous session.

Electrical goods turnover fetched US $11.26 billion, down 19.5 percent from the previous session and accounted for 42.9 percent of total trade; light industrial products completed $8.37 billion, down 15.3 percent, accounting for of 31.9 percent of overall turnover and textile and apparel realized $3.23 billion, down 11.7 percent, accounting for 12.3 percent of the total turnover.

From the geographical point of view, transactions of traditional markets shrank, while emerging markets increased. The European Union, the Middle East and the United States remained the top three in transactions, representing $7.57 billion, $4.08 billion and $3.3 billion with an increase of 28, 4.7 and 8.1 percent, respectively.

In emerging markets, Argentina, India and ASEAN achieved a turnover of $380 million, $770 million and $1.93 billion, showing an increase of 10.2, 6.2 and 7.1 percent, respectively. Mu Xinhai said that the current fair was held under the impact of the financial crisis and turnover in every sector has decreased due to its effect.

Fibre2fashion News Desk - China


Must ReadView All

Vietnam's textile-garment export turnover $16 bn in H1 '18

Apparel/Garments | On 19th Jul 2018

Vietnam's textile-garment export turnover $16 bn in H1 '18

Vietnam is among the world's five biggest textile exporters and...

Courtesy:  Pratibha Syntex

Apparel/Garments | On 19th Jul 2018

India's Pratibha Syntex aims $200 mn sales revenue by 2020

Pratibha Syntex, with interests in fibre, spinning, knitting and...

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Textiles | On 19th Jul 2018

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Kenya will use a Sh6 billion loan from India’s Exim Bank to expand...

Interviews View All

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search