Canton Fair: encouraging growth at a difficult time

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Despite downturns in the European and US economies, it was still business as usual at the Canton Fair in May, with emerging markets pushing trade volumes to new heights.

 
The Canton Fair – now notching up 111 shows, and considered the world’s largest trade show – still managed to post some record-breaking figures despite gloomy economic forecasts for the European and US markets.
 
Held in Guangzhou on May 4th, this year’s autumn fair attracted 210,000 buyers from 213 countries and regions. Attendance was up 0.23 percent on 2011 autumn figures.
 
Troubling times in the US and the Europe were reflected in the total value of export deals concluded at the fair. These fell 2.3 percent year-on-year to US$36.03 billion, down 4.8 percent on the figure from last year’s autumn session.

Trade volumes from the US and Europe were down 8.1 percent and 5.6 percent respectively.

 
Export deals concluded with companies based in emerging markets – such as India, Brazil and Russia – were up 4.1 percent.
 
The volume of trade with African countries also rose sharply to 13.5 percent.
 
 
The next Canton Fair, to be held in October, is expected to attract more than 500 international companies from 44 countries and regions at the Canton Fair International Pavilion.

 
Canton Fair spokesman Liu Jianjun said the fair carried a high international level of interest with booths in the International Pavilion for the 112th session in October already heavily booked. Mr Liu said the Canton Fair was committed to expanding the size of the International Pavilion to attract more foreign companies, especially in the environmental industries sector to the Chinese market. 
 

*The 112th Session of the Canton Fair runs from October 15 to November 4, at the Canton Fair Complex in Guangzhou.
For more information visit: http://www.cantonfair.org.cn/ or contact the Canton Fair Call-Centre: T: +86 20 28-888-999
 

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