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Export orders at 105th Canton Fair decline 16.9%

Published: 08 May 2009 00:34:49 PST

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May. 8, 2009 (China Knowledge) - The 105th China Import and Export Fair, which is the largest trade fair in China and widely known as the Canton Fair, ended on May 7 with total export orders of US$26.23 billion, down 16.9% from the 104th Canton Fair.

Overseas purchasers from 209 countries and regions attended the fair, sources said.

Sales of mechanical and electrical products, which accounted for 42.9% of the total turnover, amounted to US$11.26 billion, down 19.5% from the prior year. Sales of light industrial products decreased 15.3% to US$8.37 billion, while sales of textile and clothes declined 11.7% to US$3.23 billion.

Sales to traditionally strong markets such as the E.U., the Middle-East and the U.S. saw different degree of decline. Sales to the E.U. plunged 28% to US$7.57 billion, while sales to the U.S. decreased 8.1% to US$3.3 billion.

However, sales to emerging markets such as Argentina, India and ASEAN member nations showed growth. Sales to ASEAN member nations rose 7.1% to US$1.93 billion, and sales to India were 6.2% up and reached US$770 million.

Mu said that although the 105th Canton Fair saw shrinking turnover, the overall performance was better than expected amid the unfolding impact of the global economic recession.

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