China Import and Export Fair, also known as the Canton Fair, is held biannually in Guangzhou every spring and autumn, with a history of 57 years since 1957. The Fair is a comprehensive one with the longest history, the highest level, the largest scale, the most complete exhibit variety, the broadest distribution of overseas buyers and the greatest business turnover in China.
Canton Fair attracts more than 24,000 China's best foreign trade companies with good credibility and sound financial capabilities, and 500 overseas companies to participate in the Fair.
Canton Fair is a platform for import and export mainly, with various and flexible patterns of trade. Beside traditional way of negotiating against samples, the Fair holds Canton Fair Online. Various types of business activities such as economic and technical cooperations and exchanges, commodity inspection, insurance, transportation, advertising, consultation, etc, are also carried out in flexible ways. Business people from all over the world are gathering in Guangzhou, exchanging business information and developing friendship.
186,104 overseas buyers from 211 countries and regions around the world attended the 116th Canton Fair, a decrease of 1.07% over the 115th session.
In terms of buyer attendance of all continents, Asia takes up 54.94% of the total, Europe 19.88%, America 13.89%, Africa with 8.08% share, and Oceania with 3.21% share respectively.
Compared with the last session, the number of buyers from Europe increased by 14.4%, Asia decreased by 1.98%, America decreased by 6.42%, Oceania down by 6.66%, and Africa down by 13.77%.
The traditional markets face weak recovery while emerging markets’ demand is limited. Chinese companies pay more attention to cultivating new advantages in foreign trade.
The accumulated export transaction of this session totaled 179.203 billion RMB (or 29.16 billion US dollars), a decrease of 6.1% over the 114th session (fluctuation of exchange rate has been deducted, similarly hereinafter). The transaction with the EU, the US, BRICK countries, Middle East, and Japan was down from 4% to 19%, but the transaction with ASEAN countries, South Korea and Hong Kong SAR was up. Short-term orders within 3 months took up 47.5% of the total; mid-term orders of 3 to 6 months 35.6% of the total; and long-term orders 16.9% of the total.
