News: China Top Export Destination
China will become the top exporting destination for about 30% of Australian exporters in the next five years, according to a recent survey. The fifth biannual DHL Export Barometer, which surveyed more than 300 exporters, found exporters involved in manufacturing industries believed the Southeast Asian, South Pacific and Pacific regions would become their top exporting areas in future.
Given China’s continued strength, Australian exporters were asked what assistance and guidance they wanted in the region. Exporters were mainly interested inmarketing and promotions assistance and in-market representation. In particular, 39 % wanted more overseas representation in China, and 38% wantedmore resources in South East Asia. “While export confidence is lower than when we last conducted the DHL Export Barometer, we are still finding a remarkable level of optimism among Australian exporters,” the survey said. In terms of Free Trade Agreements (FTA), 45% of exporters said that an agreement with China would be either positive or really positive. The survey found 84% of manufacturers who export believed an Australia-China FTA would have a positive impact on their businesses.
Meanwhile, the China International Hardware Show Powered by Practical World, which will take place at the Shanghai New International Expo Centre from September 27-29, is fully booked. With a record number of 1,600 companies from around 15 countries exhibiting on an area of 70,000 sq m, the trade fair is among the world’s top three hardware shows. The exhibition space occupied by non-Chinese suppliers this year is up 60% compared with 2005.