2024-05-05 19:02:45
Number of foreign buyers attending Canton Fair hits new record
Offline export transactions reached $24.7 billion
◎Zhou Liang
The 135th Canton Fair ended on May 5. The number of foreign buyers attending the conference reached a record high, almost 250,000; export transactions showed a recovery trend, with offline export transactions reaching $24.7 billion, an increase of 10.7% from the previous session.
Zhou Shanqing, director of the Canton Fair Press Center and deputy director of the China Foreign Trade Center, said that this Canton Fair has further innovated mechanisms, enriched business formats, expanded functions and made positive contributions. promoting the quality and quantity of foreign trade. and promote high-level openness to the outside world.
“China has the best supply chain”
Official data from the Canton Fair shows that as of May 4 (see below), a total of 246,000 overseas buyers from 215 countries and regions participated offline, an increase of 24.5% over the previous year. previous session and a new record.
Among them, there were 160,000 buyers from countries co-building the Belt and Road, an increase of 25.1%; 61,000 buyers from RCEP member countries, an increase of 25.5%; and 50,000 European and American buyers, an increase of 10.7%.
In terms of export transactions, the offline export transactions of this Canton Fair amounted to $24.7 billion, an increase of 10.7% over the previous session. Emerging market traders were active in trading, with $13.86 billion in transactions with countries co-building the Belt and Road, an increase of 13% from the previous session. The price per person and per customer in traditional European and American markets is high. Transactions on the online platform became increasingly active, with export transactions reaching $3.03 billion, an increase of 33.1 percent from the previous session.
At the same time, the online platform of the Canton Fair is operating smoothly. 408,000 foreign buyers participate in this online Canton Fair, coming from 229 countries and regions around the world. Cumulative exhibitor store visits were 3.412 million, including 3.376 million export show exhibitor store visits and 36,000 import show exhibitor store visits. It is worth mentioning that the online platform of this Canton Fair has increased digital technologies and intelligent traffic drainage such as online display, VR factory visualization, 3D photography, etc., and that the number of buyers reporting inquiries to businesses has increased significantly.
Reportedly, 119 industry and trade organizations, including the China-US Chamber of Commerce, the UK’s 48 Group Club and the Canada-China Business Council, have organized groups to participate in the conference. 226 major multinationals, including Walmart in the United States, Auchan in France, Tesco in the United Kingdom, Metro in Germany and IKEA in Sweden, invited buyers to attend the conference. Foreign buyers have praised this Canton Fair, believing that China has the best supply chain and the Canton Fair is the best platform for them to achieve one-stop sourcing.
During the Canton Fair, many exhibitors said that the strong popularity of buyers led to an increase in orders. In addition to signing orders on site, buyers continued to make follow-up appointments to visit factories and inspect production capacity. cooperation should be concluded in the future.
New productivity stimulates new momentum for foreign trade
At this Canton Fair, new productivity is also a hot topic, stimulating new momentum for foreign trade. New products, new technologies, new materials, new processes and new ideas emerge one after another. More high-end, intelligent, environmentally friendly and low-carbon products, which reflect the results of developing new productivity, have emerged and are popular around the world. international market, highlighting the role of “Intelligent Made in China”. Hard power injects new vitality into the development of foreign trade.
On May 3, Turkish buyer Astra found the Canton Fair booth of Changxing Yibei New Material Technology Co., Ltd. with cash and placed an order directly, hoping to arrange container shipping as soon as possible.
The fact that the Yibei company has become a “flagship product” dates back to the 2022 World Cup in Qatar. At that time, the company’s cool silk turbans and constant temperature liners became popular items during the competition and became famous all over the world. This year, market demand for the company has been overwhelming, with orders expected through July.
“This year there are major sporting events such as the Paris Olympics and the European Cup, and our product is very popular.” The head of Yibei company said that the new fresh silk lining exhibited this year had undergone technical improvements and was safer. Aromatic hydrocarbons Additive, during the process of friction and heat generation between the lining fabric and the human body, it will gradually emit a slight fragrance, which can effectively cover the sweat odor.
During this Canton Fair, exhibitors introduced more than 1 million new products on site and held 334 new product launches, debut exhibitions and debut trade shows. Companies have uploaded a total of more than 2.54 million exhibits on the online platform, including 660,000 new products, 100,000 smart products, 400,000 green and low-carbon products and 210,000 health products. independent intellectual property.
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