Economy

Toy exports lacklustre in Guangdong province

(Xinhua)
Updated: 2009-12-27 19:50
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GUANGZHOU: China's Guangdong province, a leading toy exporter of the nation, reported a double-digital decline in foreign sales of such products in the first 11 months of this year.

Local customs sources said on Sunday that from January to November, Guangdong sold $5.11 billion worth of toys abroad, down 10.9 percent from the same period of last year.

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The total included $2.13 billion worth to the United States, down 14.9 percent, and $1.22 billion worth to the European Union, down 10.6 percent. But the province's toy exports to ASEAN members grew 67.7 percent to $240 million worth.

The local customs said toy exporters faced a lukewarm demand from abroad, trade barriers in the name of environmental protection, and price hikes of raw materials.
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