The 140th Canton Fair achieved an intended export turnover of US$26.75 billion

China News Service, Guangzhou, November 5 (Reporter Cheng Jingwei) According to a report from the China Foreign Trade Center on the 5th, the intended export turnover of US$26.75 billion was reached at the 140th Canton Fair.

This year's Canton Fair coincides with the 70th anniversary of its founding. It was held in Guangzhou in three phases from October 15 to November 4. 352,000 overseas purchasers from 219 countries and regions attended the fair, a year-on-year increase of 12.2%, setting a new high. Among them, the number of buyers from the EU, the United States, and the "Belt and Road" countries increased by 38.2%, 22.2%, and 16.6% respectively year-on-year. Professional buyers accounted for more than 75%. The number of leading procurement companies and global partners increased to 502 and 240 respectively.

On November 4, the 140th China Import and Export Fair (Canton Fair) held in Guangzhou concluded. The picture shows overseas buyers selecting products in the toy exhibition area. Photo by China News Service reporter Chen Jimin

Over 32,000 companies brought 4.88 million exhibits to the Canton Fair this year, of which nearly 20% made overseas investments and 36.5% provided "product + service" solutions. New products and artificial intelligence products on display increased by 8% and 14.1% respectively year-on-year. For the first time, scenario-based display areas for new product launches, smart health, and design innovation were set up, and AI visualization applications were accelerated.

It is reported that this year's Canton Fair has set up a trade services exhibition area, with 256 participating service agencies, an increase of about 20% from the previous session. For the first time, it has fully covered ten major categories of producer services, from logistics and warehousing, design and R&D to overseas comprehensive services, and cross-border investment and financing, providing one-stop trade services for enterprises to explore international markets.