It's Happening....
Ningbo grabs US$1.2 billion at the Cantonese Fair
- Details
- Category: Ningbo Business
- Published: Friday, 11 November 2016 14:16
At the recently ended 120th Cantonese Fair held in Guangzhou, Ningbo trade delegation achieved a total export volume of 8.052 billion yuan (about US$1.199 billion), up by 1.6% over the last session in 2015.
The Ningbo delegation, composed of 1339 enterprises from the 2206 applicant enterprises, covers 3083 booths, including 2161 ordinary booths (the same as in last session), and 922 brand booths (six more than in last session).
According to Xu Bing, official spokesman of the fair, the number of the overseas purchasers bounced back and the turnover volume showed a preliminary trend of stabilization. There are 185704 purchasers, up by 4.6%, and the export volume stands at 187.301 billion yuan, up by 3.2% over the previous session. The mechanical and electrical products continue to rank No.1 in terms of turnover volume.
Ningbo delegation has witnessed the same trend for export. Among others, the export of mechanical and electrical products in the first leg of the fair is satisfactory. Compared with the previous sessions, the purchasers now pay more attention to product quality and services instead of the prices, and they prefer the products with innovative design, high added value and famous brands. However, many participating enterprises only get some short-term and segment orders, which means that the general foreign trade situation is still grim.
In addition, the Ningbo delegation has made great achievements in terms of product design awards. The HF011 silica gel collapsible cup of Hengfang Electrics and the 3A-C236A coffee maker of 3A Group got the golden prize and bronze prize respectively for electronic appliance products, and the knee massage instrument of O'spirit Apparatus got the silver prize for health and medicine products
