Marketing News

Canton fair closes with drop in export transactions

GUANGZHOU – The spring session of the biannual Canton Fair, or the 111th China Import and Export Fair, closed on Saturday, with export transactions decreased for the first time since 2009.

The value of export deals dropped by 2.3 percent year-on-year to $36.03 billion, or down 4.8 percent than the figure at the autumn session of the fair, said Liu Jianjun, spokesman with the fair.

This is the first volume decrease since the spring of 2009 as economic crisis hit the world from 2008, according to Liu.

Debt crisis from European Union countries and tough job market in the United States were among the factors that have caused the decrease, he said.

"Although we have seen sharp export deal increase in new markets, such as in Brazil, Russia, India, South Africa and other African countries, it cannot make up for the huge shortfall from European and American markets," said Liu.

The purchasers attending the fair reached 210,000, setting a new record since the fair’s debut in 1957.

Source: China Daily


About Jorry

Sales Director of Henan Harvest Chem Co.,Ltd


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Contact me:

adminMr. Jorry Zhang
Current position: Sales manager of Henan Harvest Chem Co.,Ltd
Cell: +86-15803826779
Tel: +86-371-86058571
Fax: +86-371-65350610
Welcome to send emails to me  for more information!

Blog Stats

  • 3,177 hits
%d bloggers like this: