Export value in 106th Canton Fair up 16.2%

Nov. 5, 2009 (China Knowledge) - The combined value of export contracts signed during the 106th China Import and Export Fair, widely known as the Canton Fair, rose 16.2% from the 105th session in April to US$30.47 billion, according to a statement published on the website of the Ministry of Commerce yesterday.

The number of buyers attending the Canton Fair, the most well-known trade fair in China, increased 13.7% from the previous session to 188,170, said the MOC.

Export value of mechanical and electrical products rose 20.7% from the previous session to US$13.59 billion, accounting for 44.6% of the total, and that of light industry products grew 16.6% to US$9.76 billion. Exports of textiles and garments climbed 5.9% to US$3.42 billion, while that of home appliances increased 11.3% to US$5.31 billion.

Transactions with China's three major export partners, the EU, the Middle East and the U.S., were US$9.33 billion, US$4.26 billion and US$4 billion, up 23.3%, 3.3% and 20.9% from the previous session, respectively. Exports to Brazil saw a 98.8% surge to US$1.07 billion.

Exports of private firms grew 17.5% to US$19.59 billion, while those of state-owned enterprises climbed 10.2% to US$5.75 billion. The exports of foreign-funded companies were US$5.23 billion, up 18.1% from the previous session.

The fair was held in South China's Guangzhou, Guangdong Province beginning on Oct. 15 and ending Nov. 4.