The author was informed from the Jinan City Bureau of Commerce on November 8 that at the just-concluded Canton Fair, the Jinan City Trading Team set a new historical record in the scale of the participating companies, the number of participants, the number of buyers to receive, and the amount of on-site transactions. Business turnover was US$191 million, an increase of 23% over the previous session. At the same time, more than 80% of the enterprises raised their export quotation, among which ceramics, glass, home textiles and other products showed higher growth.
In this session of the Canton Fair, the performance of brand companies is particularly eye-catching. 28 brand booths in Jinan achieved a turnover of 110 million U.S. dollars. Among them, Meide Casting's hardware fittings had a turnover of 63 million U.S. dollars, making it the biggest highlight of this year's Canton Fair. Heads of knitted underwear, Taiwan and glass have also achieved greater volume. At the same time, the turnover of electromechanical and high-tech products is clearly promising. There are three technologies to fill the gaps in domestic solar energy hot water system of the Norit New Energy Company. The flame-retardant fabrics of Santai Company, especially the flame-retardant fabrics formed by flame retardant and flame-retardant slicing technologies, are highly favored by foreign companies. Favor, the two companies achieved a turnover of 6.48 million US dollars.
According to the Municipal Bureau of Commerce, products with outstanding characteristics and obvious advantages are very popular with foreign businessmen. For example, Linli's various types of bonsai and Christmas trees are favored by foreign investors for their outstanding advantages in artificial bonsai processing. The transaction value is US$1.2 million. Datang’s various accessories such as lanterns, benches, and candle holders are highly recommended. The national characteristics have won foreign favorite.
In the case of shrinking overseas market demand, many Jinan companies have launched new products to attract attention. Jinan City organized a total of more than 6,500 different types of products in 20 categories, of which more than 70% of the companies brought new products. Some new exhibits are favored by foreign investors because of their low carbon, environmental protection, and fashion. For example, Shen Yun Ceramic Gift Company signed a new contract for advertising cups, embossed cups, colored glaze cups, music cups and video cups with a contract value of US$6.4 million. Jinan Kangbasi’s newly launched high-tech radio-controlled clock and watches became the new darling and realized transactions. $316 million.
It is worth mentioning that the proportion of small and medium-sized private enterprises has increased continuously. The turnover of 30 small and medium-sized enterprises such as Shida Fasteners, Baxter and Mingquan Pen was active, and the export turnover reached more than US$45.6 million. Ten companies such as Jinan Shenghao International Trade Co., Ltd. and Kingway Technology Co., Ltd. participated in the show for the first time and successfully won orders for 4.15 million U.S. dollars.
The author understands that at the current show, Iran, France, South Korea, South America, Southeast Asia, and the Middle East have been actively participating in foreign trade, while Western European and U.S. merchants have increased relative to last year, but overall it is still relatively low. At the same time, affected by the exchange rate, capacity constraints, and raw material price increase factors, the participating companies in Jinan are generally afraid to undertake orders with longer delivery times. Most delivery contracts have delivery dates within 3 months. Not only that, 85% of companies increased their export prices to varying degrees, with price increases ranging from 5% to 15%, and average price increases of nearly 10%. Among them, ceramics, glass, and home textile products rose more noticeably under the influence of rising prices of raw materials such as fuel.
In this session of the Canton Fair, the performance of brand companies is particularly eye-catching. 28 brand booths in Jinan achieved a turnover of 110 million U.S. dollars. Among them, Meide Casting's hardware fittings had a turnover of 63 million U.S. dollars, making it the biggest highlight of this year's Canton Fair. Heads of knitted underwear, Taiwan and glass have also achieved greater volume. At the same time, the turnover of electromechanical and high-tech products is clearly promising. There are three technologies to fill the gaps in domestic solar energy hot water system of the Norit New Energy Company. The flame-retardant fabrics of Santai Company, especially the flame-retardant fabrics formed by flame retardant and flame-retardant slicing technologies, are highly favored by foreign companies. Favor, the two companies achieved a turnover of 6.48 million US dollars.
According to the Municipal Bureau of Commerce, products with outstanding characteristics and obvious advantages are very popular with foreign businessmen. For example, Linli's various types of bonsai and Christmas trees are favored by foreign investors for their outstanding advantages in artificial bonsai processing. The transaction value is US$1.2 million. Datang’s various accessories such as lanterns, benches, and candle holders are highly recommended. The national characteristics have won foreign favorite.
In the case of shrinking overseas market demand, many Jinan companies have launched new products to attract attention. Jinan City organized a total of more than 6,500 different types of products in 20 categories, of which more than 70% of the companies brought new products. Some new exhibits are favored by foreign investors because of their low carbon, environmental protection, and fashion. For example, Shen Yun Ceramic Gift Company signed a new contract for advertising cups, embossed cups, colored glaze cups, music cups and video cups with a contract value of US$6.4 million. Jinan Kangbasi’s newly launched high-tech radio-controlled clock and watches became the new darling and realized transactions. $316 million.
It is worth mentioning that the proportion of small and medium-sized private enterprises has increased continuously. The turnover of 30 small and medium-sized enterprises such as Shida Fasteners, Baxter and Mingquan Pen was active, and the export turnover reached more than US$45.6 million. Ten companies such as Jinan Shenghao International Trade Co., Ltd. and Kingway Technology Co., Ltd. participated in the show for the first time and successfully won orders for 4.15 million U.S. dollars.
The author understands that at the current show, Iran, France, South Korea, South America, Southeast Asia, and the Middle East have been actively participating in foreign trade, while Western European and U.S. merchants have increased relative to last year, but overall it is still relatively low. At the same time, affected by the exchange rate, capacity constraints, and raw material price increase factors, the participating companies in Jinan are generally afraid to undertake orders with longer delivery times. Most delivery contracts have delivery dates within 3 months. Not only that, 85% of companies increased their export prices to varying degrees, with price increases ranging from 5% to 15%, and average price increases of nearly 10%. Among them, ceramics, glass, and home textile products rose more noticeably under the influence of rising prices of raw materials such as fuel.
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