The Canton Fair – China Import and Export Fair CIEF – Guangzhou is a semi-annual trade fair for trade, supply and industry. Founded in the spring of 1957, it is held in Guangzhou every spring and autumn. It is jointly sponsored by the Ministry of Commerce and the Guangdong Provincial People’s Government and hosted by the China Foreign Trade Center.
Considered as one of the biggest trade shows in China, Canton Fair has the history of over fifty years. This fair is perhaps the best introduction for the foreign business owners looking to tap in the Chinese manufacturing sector. There is something for everyone in Canton Fair.
The Spring edition of Canton Fair took place on 1st May 2019 to 5th May 2019. Take a look at the list of products in Canton Fair 2019-
- Textile & Garments
- Office Supplies
- Cases & Bags
- Recreational Products
- Medical Devices
- Health Products
- International Pavillion
A Complete Overview of Canton Fair 2019
FIRST– With China’s growing trade relationship with other nations, 101 out of the Top 250 Global Retailers in 2019 attended the Fair. Among them were 5 of the Top 10 retailers: Wal-Mart, Costco, Schwartz, Amazon, and Aldi. Leading companies of various sectors sent professionals to source as usual. The number of buyers sent by headquarters of multinational companies remained stable.
SECOND– Buyer attendance proportion in terms of industries is: electronics and household electrical appliances accounting for 40.14% of the total, daily consumer goods 32.63%, home decorations 28.7%, gifts 28.18%, and textile and garment 26.35%.
THIRD– Machinery and electrical products contributed to the highest transaction of 16.03 billion USD, accounting for 53.9%; transaction volume of light industrial products stood at 7.61 billion USD, accounting for 25.6% of the total; textile and garment 1.62 billion USD, accounting for 5.4%.
Whether you are a new or experienced, at least one visit to the Canton Fair is must for any importer. As the Canton Fair is one of the largest trade fairs in the world, there is a huge possibility that you may get distracted. So it is advised by the professional Chinese sourcing agents to have a proper gameplan before attending the fair.