Record Attendance at the Canton Fair
The 137th China Import and Export Fair, commonly known as the Canton Fair, has successfully concluded, leaving a significant mark with an extraordinary number of international buyers in attendance. This session witnessed a remarkable turnout of 288,938 overseas buyers from 219 countries and regions. In comparison to the previous session, this represents a notable increase of 17.3%. The total intended export deals reached approximately $25.44 billion, indicating a 3% rise from earlier figures.
Key Insights from the Fair's Success
Mr. Zhou Shanqing, Deputy Director General of China Foreign Trade Centre, emphasized that emerging markets played a crucial role in the fair's success. Notably, countries participating in the Belt and Road Initiative contributed to a staggering 187,450 attendees, highlighting a growth rate of 17.4%. These figures illustrate how vital these markets have become, making up nearly 65% of the total audience. Additionally, attendees from BRICS nations increased by 24.1%, bringing in 72,417 buyers, while RCEP member countries accounted for 64,808 buyers—a growth of 6.9%.
Substantial Participation from Multinational Corporations
Furthermore, the fair attracted considerable representation from various business organizations. In total, 140 different business entities participated, marking a growth of 17.6%. This year also set a record with 376 multinational sourcing companies actively involved, showing a strong surge in global interest and participation in the Canton Fair.
Innovations and New Product Highlights
The event was not just about numbers; it also showcased an impressive array of innovation. A major highlight was the introduction of new products, especially those focusing on advanced technologies and green energy solutions. More than 4.55 million products were on display, including 1.02 million new items and a variety of eco-friendly and smart products—880,000 low-carbon items and 320,000 intelligent devices were among them.
Interactive Technology Zones
One of the most popular features was the newly introduced Service Robots Zone, which attracted considerable attention. This zone showcased over 500 types of robots from 46 of China’s leading robotics companies, further illustrating the fair’s commitment to futuristic technology and solutions.
International Pavilion Achievements
The international pavilion also achieved noteworthy success, hosting 736 companies from 50 different countries and regions. Impressively, 67% of these exhibitors hailed from Belt and Road Initiative countries. Many of these companies established fruitful partnerships with various Chinese buyers, particularly from regions such as Russia, Thailand, and Turkey, securing significant interest that may lead to swift market entries for their products in China.
Trade Promotions and Future Prospects
A total of 1,206 trade promotion activities were organized during the fair. These activities included 438 Canton Fair New Collection events, 734 matchmaking sessions, and 19 industry forums that addressed current trends in international commerce. Looking ahead, the next session, the 138th Canton Fair, is scheduled to take place from October 15 to November 4, presenting yet another opportunity for global businesses to engage and expand their reach.
Frequently Asked Questions
What was the attendance at the 137th Canton Fair?
The fair attracted 288,938 overseas buyers, marking a 17.3% increase from the prior session.
How much in intended export deals were recorded?
The intended export deals reached approximately $25.44 billion, reflecting a 3% increase.
Which markets contributed most to the attendance?
Countries involved in the Belt and Road Initiative contributed significantly, with 187,450 attendees from those regions.
What innovations were showcased at the fair?
Highlights included over 4.55 million products, with a focus on smart technology and green energy solutions.
When will the next Canton Fair take place?
The 138th Canton Fair is scheduled for October 15 to November 4 of the following year.
