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Export transactions at Canton Fair hit new record!

12
May '07
The 101 session of China Import and Export Commodity Fair (GTF) concluded April 30 in Guangzhou. According to the Deputy General Secretary and spokesman Xu Bing, the trade turnover of total exports in the current session reached US $36.39 billion, a new record high, with an increase of 6.8 percent compared to the 100 session.

It is learned that mechanical and electrical products are still the largest category of export commodities in transactions.

Electromechanical products trade value reached $14.68 billion, a boost of 13.1 percent, accounting for 40.3 percent of the total turnover. Light industrial products trade value was $12.14 billion, growth of 11.8 percent.

Clothing and textiles trade value was $3.31 billion and $2.78 billion, up 15.3 percent and 18.9 percent, respectively. Agricultural products trade value was $1.16 billion, gaining 9.4 percent.

The first three markets by export turnover are the EU, the and the Middle East, with trade value amounted to $12.09 billion, $5.41 billion and $4.25 billion, accounting for 33.2 percent, 14.9 percent and 11.7 percent of the total turnover, respectively.

Trade turnover with Japan, Russia and Canada indicated an improvement of 20.2 percent, 34 percent and 26.3 percent, respectively.

Xu Bing said, for this Fair, there were over 1700 exhibitors from 314 enterprises of 36 countries and region. The Fair offered 629 standard booths.

Fibre2fashion, News Desk - China


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