Canton Fair wraps up

With record turnover and visitors.

The 124th edition of the Canton Fair has wrapped after recording substantial increases in export orders. Total export turnover reached US$29.8 billion, with 77,733 new buyers attending the fair, an increase of 2.34%. The fair hosted a total of 189,812 buyers from 215 countries and regions.

Buyers from the electronic and home appliances sectors accounted for 40.2% of total attendance while buyers looking for consumer goods accounted for 31.3% of total attendance.

The fair attracted the world’s top retailers including Wal-Mart, Costco, Kroger, Schwartz, Carrefour, Home Depot, Wallgreens, Amazon and Aldi.

China Foreign Trade Centre deputy director general, Xu Bing (pictured) said “The increasing number of buyers from developing countries and emerging markets at the fair reflected the optimised structure and steadily-improved quality of buyers.”

The fair is held biannually in Guangzhou every spring and autumn. Established in 1957, the fair is now a comprehensive exhibition and claims to have the longest history, highest level, largest scale and largest number of product, as well as the broadest distribution of buyer origins and the highest business turnover in China.

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