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Exports in 112th Canton Fair falls to US$32.68 bln

Nov. 5, 2012 (China Knowledge) - Export transactions in the 112th China Import and Export Fair, widely known as the Canton Fair, were US$32.68 billion, down 9.3% from the previous session, due to weak external demand, sources reported.

Export orders from the E.U. fell 10.5% as a result of the ongoing debt crisis and those from the U.S and Japan dropped 9.4% and 36.6%, respectively.

Meanwhile, export deals with the ASEAN member countries, the Middle East and BRIC countries decreased 7.9%, 5.7% and 0.7%, respectively.

The transaction of food and pharmaceutical rose 14.5% and 26.9%, however that of the mechanical and electrical products and textile and apparel plunged 11.6% and 15.5%, respectively.

The number of buyers attending the Canton Fair, the most well-known trade fair in China, decreased 10.26% from the previous session to 188,145.

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