The 135th China Import and Export Fair, also known as the Canton Fair, is a successful event from April 15th to May 5th, 2024, in Guangzhou. This year’s fair witnessed a remarkable increase in both the number of overseas buyers and the value of offline export transactions, solidifying its position as a premier event in the global trade calendar.
A total of 246,000 overseas buyers from 215 countries and regions participated in the fair in person, representing a 24.5% growth compared to the previous session. This not only set a new record but also demonstrated the strong attraction of the Canton Fair as a platform for international business. The fair also saw a significant boost in offline export transactions, with a total value of US $24.7 billion, marking a 10.7% increase from the previous fair.
The Canton Fair has long been recognized as a barometer of China’s foreign trade and a bellwether of the global economy. This year’s event was no exception, as it provided a unique opportunity for businesses from around the world to showcase their products and services, forge partnerships, and explore new markets. The fair’s diverse range of exhibits, including electronics, home appliances, textiles, and machinery, attracted buyers from various industries, highlighting the Canton Fair’s role as a one-stop-shop for global trade.
In addition to the traditional exhibition areas, this year’s fair also featured several new sections and events, such as the International Pavilion, which showcased products and technologies from around the world, and the Design Innovation Forum, which explored the latest trends in design and innovation. These additions further enhanced the fair’s appeal and provided attendees with more opportunities to engage in meaningful business exchanges.
The success of the 135th Canton Fair can be attributed to several factors, including the continuous efforts of the organizers to improve the fair’s services and facilities, the strong support of the Chinese government in promoting trade and investment, and the growing demand for Chinese products in the global market. The fair also served as a platform for companies to showcase their latest technologies and innovations, highlighting China’s position as a global leader in many industries.
Looking forward, the Canton Fair is expected to continue playing a crucial role in promoting international trade and economic cooperation. As the global economy recovers and trade tensions ease, the fair will provide a valuable platform for businesses to expand their global footprint and explore new opportunities. With its rich history, diverse offerings, and commitment to innovation, the Canton Fair is well-positioned to remain a leading event in the world of international trade for years to come.