The 135th Canton Fair concluded on May 5 with record-breaking numbers of overseas buyers and booming export transactions, showing a promising recovery for global trade.
According to official data, nearly 250,000 overseas buyers from 215 countries and regions attended the Canton Fair offline, marking a 24.5% increase from the previous session. The offline export transactions reached US$24.7 billion, a 10.7% increase from the previous session. Emerging market merchants were particularly active in transactions, with significant growth in transactions with countries co-building the “Belt and Road”.
The online platform of the Canton Fair also saw great success, with 408,000 overseas buyers participating online and engaging in transactions totaling US$3.03 billion. The platform introduced new digital technologies and intelligent traffic drainage, attracting a significant increase in inquiries from buyers.
Major industrial and commercial organizations as well as leading multinational companies, including Walmart, Auchan, and IKEA, attended the fair, expressing high praises for China’s supply chain. Buyers highlighted the Canton Fair as the best platform for one-stop procurement.
New productivity emerged as a key theme at the fair, with exhibitors showcasing innovative products, technologies, and materials. One such company, Changxing Yibei New Material Technology Co., Ltd., experienced overwhelming market demand for their cool silk interlinings, popularized during major sports events. The company continues to receive orders until July, showcasing the impact of new products on foreign trade.
Overall, the Canton Fair provided a platform for buyers and exhibitors to engage in fruitful business transactions, setting a positive tone for the future of global trade.