The 118th Canton Fair was held in Guangzhou Pazhou Exhibition Hall from October 15 to November 4, and our company organized a total of 8 booths, mainly located in the five exhibition areas of large machinery, small machinery, building materials, household goods and home textiles.
This year’s Canton Fair is held in the context of low-speed growth of global trade, intensifying competition in the international market, and still severe trade frictions. From the perspective of the exhibitors, the number of exhibitors has decreased compared with the previous session, the number of merchants in major exporting countries and regions in Europe and the United States has decreased significantly, the old merchants account for a large proportion, and most of the new customers are buyers from emerging market countries such as Russia. And most of the real on-site orders are less, most of them are to understand the products and inquiries.
During the Canton Fair, the company received nearly 100 merchants from more than 40 countries and regions. The top countries and regions are: the United States, the European Union and the Middle East. This year, the Canton Fair company reached an intention to contract for about 7.5 million US dollars. Our traditional mechanical and electrical products, casting products are still the main body of transactions, respectively, $3 million and $2.2 million, and other categories are $2.3 million. Europe, the Americas and Asia accounted for 35%, 32% and 25% respectively. In general, our exhibition has achieved the expected effect, not only to understand the latest industry trends, but also to negotiate with new and old customers, customers have shown great interest in our products.
In the next step, we should continue to use various exhibition platforms to further integrate the company’s business resources, give play to the effect of the transaction platform, focus on building the company’s brand image, and promote steady business growth.