The first phase of the 115th Canton Fair closed on

2022-07-29
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When the first phase of the 115th Canton Fair closed on the 19th, the turnover of mechanical and electrical products fell by

when there were too many oxide skins, according to the statistics of China Chamber of Commerce for import and export of mechanical and electrical products, as of the 18th, the cumulative turnover of mechanical and electrical products at the Canton Fair was US $12.49 billion (about HK $96.8 billion), a slight decrease of 6.1% over the same period last year. Although the cumulative turnover of the first phase of this Canton Fair decreased compared with the same period last year, the turnover of the brand exhibition area continued to grow. The first phase of the 115th Canton Fair closed on the 19th. According to the organizer's statistics, as of the 18th, more than 101000 buyers had attended the meeting, down more than 2% from the 113th session in the same period last year. The data from the chamber of Commerce of machinery and electronics and the chamber of Commerce of Minmetals also showed that the cumulative turnover of the four-day exhibition decreased year-on-year, but the brand exhibition area showed a trend of growth against the trend, indicating that while China's foreign trade situation was severe, many enterprises accelerated their transformation and upgrading, and achieved results from winning by price to winning by brand. The General Administration of Customs recently released data showing that China's foreign trade experienced a rare double decline in the first quarter: exports and imports fell by 6.1% and 1.2% respectively. This data has aroused collective concern in the industry and added to the gloom of the Canton Fair, known as the barometer of China's foreign trade

African purchasers increased by 50% compared with the previous session

according to the statistics of the Organizing Committee of the Canton Fair, more than 101000 purchasers attended the fair from the 15th to the 18th, although an increase compared with the 114th Autumn Fair last year; However, compared with the 113th spring fair in the same period last year, the number of buyers in Europe and the United States decreased by more than 2%, and the number of buyers in Russia, India, Brazil and other emerging countries also declined

however, the number of African purchasers has increased significantly. Compared with the 113th session, we will use our future actions to repay everyone. We hope that people from all walks of life and users from all walks of life will supervise and give opinions by 6%, and by 53% compared with the 114th session

19 I visited the Canton Fair and learned that at present, the cost of labor and raw materials in the mainland has increased significantly, and the recovery of international market demand is slow; In addition, affected by the political turmoil in Egypt, Ukraine and other countries, as well as the currency depreciation of emerging economies, it has brought great difficulties to the development of China's foreign trade enterprises this year

However, no matter how

the export difficulties of small and medium-sized enterprises

some exhibitors pointed out that the difficulties are mainly concentrated in small and medium-sized enterprises. Most large and medium-sized enterprises have realized transformation and upgrading in recent years, enhancing their endogenous power and improving their market competitiveness

Beijing Qomolangma new building materials Co., Ltd., which participated in the exhibition for the first time, is enthusiastic about the independent research and development of Eve prefabricated shear wall structure building system, which makes the prefabricated concrete structure building technology shorten the construction period by at least 1/3, reduce labor by nearly 1/2 and reduce the cost by about 20% compared with the traditional building technology. At present, 5000 housing projects in Libya and 2000 housing projects in Iraq are being further promoted, with a total contract amount of about US $800million

the person in charge of the company said that the Canton Fair has had in-depth discussions with more than 10 professional purchasers in the past four days, and the intended order amount is about 50million US dollars. On the other hand, Zhuhai Anyu Digital Co., Ltd. exhibited its 4G which has just started small batch production, attracting the favor of many overseas purchasers. It is estimated that the order volume this year will reach 1million units, and the export amount will be 50million US dollars (about 387.5 million Hong Kong dollars)

the brand exhibition area grew against the trend

according to the statistics of China Chamber of Commerce for import and export of mechanical and electrical products, as of the 18th, the cumulative turnover of mechanical and electrical products at the Canton Fair was US $12.49 billion (about HK $96.8 billion), a slight decrease of 6.1% over the same period last year. Although the cumulative turnover of the first phase of this Canton Fair decreased compared with the same period last year, the turnover of the brand exhibition area continued to grow. Among them, the brand booth of the electromechanical museum only accounts for less than 20% of the total number of exhibitors, but the turnover of brand enterprises is as high as US $7.03 billion (about HK $54.5 billion), accounting for 56%. The turnover of Midea, Zhigao, Haier, Galanz and other seven companies in four days is more than US $400million. Minmetals and chemical products successfully expanded into emerging markets, and their exports to Asia and Africa increased by 15.7% and 8.6% respectively compared with the previous session. Among them, transactions with Algeria, Angola, Guinea and other African countries increased rapidly, becoming a new market highlight. Source: Dagong

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