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Chinese exports recover - ToyNews

Chinese exports recover

Demand for Chinese toys has risen once again, according to Chinese authorities.
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Customs authorities in Guangdong said demand for exported toys has rebounded despite the spate of recalls earlier this year.

Latest statistics obtained from Huangpu Customs show the value of toys exported by Guangdong slipped by 5.4 percent in September compared to the same period last year, but recovered to register a year-on-year increase of 27.6 percent in October.

Customs analysts said the rebound was spurred by rising demands in the Christmas retail season, and it also shows that toy recalls proved to have had limited impact on the province's toy exports.

In the first ten months, Guangdong exported toys with a total value of $4.94 billion, up 22.9 percent over the same period last year. About $3.92 billion, or 79 percent of the total were exported to the US and Europe.

Exports to the US alone were $2.31 billion, up 15.4 percent over the same period last year, while a 53.6 percent hike was seen in exports to Latin American countries.

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