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What will Russians buy in 2023 and where to track commodity trends from China?
About the composition of the ICF 2023 exposition
On-trend product innovations and breakthough solutions will be presented at the International / China Commodity Fair. The fair will be held on October 30 - November 1, 2023 at IEC Expocentre in Moscow.
Manufacturers, distributors, representatives of government structures and trade associations from Russia, Asia and the CIS will meet at one venue within the framework of the international consumer goods exhibition International / China Commodity Fair. The exhibition is dedicated to the development of trade and economic cooperation between Russia, the CIS, Asia and other countries.
By now the preliminary list of participants includes more than 100 chinese exhibitors. These are mainly manufacturers of electronics and consumer goods.
By now the preliminary list of participants includes more than 100 chinese exhibitors. These are mainly manufacturers of electronics and consumer goods.
Most of the expositions present household and kitchen goods, home appliances and electronics, as well as gifts and stationery.
Moreover, in the category of household and kitchen goods, most of the positions are occupied by household items, kitchen utensils and tableware. And in the category of home appliances and electronics the main products are electric kitchen appliances, including small appliances and consumer electronics.
In the International / China Commodity Fair 2023 many participants work on contract production (OEM/ODM), and do not supply finished goods. About half of all exhibitors are companies offering finished goods, the other part are factories engaged in contract production. The third of participants supply goods of their own brand (Dreame, CGC, Tianfu).
Visitors will be able to test the presented products and ask questions directly to manufacturers and sellers.
Moreover, in the category of household and kitchen goods, most of the positions are occupied by household items, kitchen utensils and tableware. And in the category of home appliances and electronics the main products are electric kitchen appliances, including small appliances and consumer electronics.
In the International / China Commodity Fair 2023 many participants work on contract production (OEM/ODM), and do not supply finished goods. About half of all exhibitors are companies offering finished goods, the other part are factories engaged in contract production. The third of participants supply goods of their own brand (Dreame, CGC, Tianfu).
Visitors will be able to test the presented products and ask questions directly to manufacturers and sellers.
During the past 6 months, the turnover between Russia and China increased by 40,6%, compared to the same period last year.
It is also known that in total the countries exchanged goods worth $ 114.54 billion.
In accordance with the customs statistics, almost all groups of imported Chinese goods to Russia showed positive dynamics since 2023, comparing to the same period last year.
Appliances, shoes and accessories, as well as children's toys and plastic products are in the top hundred, according to the amount of trade turnover from China to Russia,
Thus, Russian-Chinese trade is moving following consumer demand.
It is also known that in total the countries exchanged goods worth $ 114.54 billion.
In accordance with the customs statistics, almost all groups of imported Chinese goods to Russia showed positive dynamics since 2023, comparing to the same period last year.
Appliances, shoes and accessories, as well as children's toys and plastic products are in the top hundred, according to the amount of trade turnover from China to Russia,
Thus, Russian-Chinese trade is moving following consumer demand.
"Russians have bought a lot of goods from China before. But the country of production remained invisible under European and American brands. Now there is an increase in sales of truly Chinese goods, which are not only produced in China, but also sold under Chinese brands. Demand is growing rapidly on electronics, different gadgets, clothes and shoes, interior goods, children's toys and even welding machines can be distinguished. It is safe to say that the share of Chinese brands in Russia will grow steadily in the coming years," commented Dmitry Chumakov, the business partner of the International / China Commodity Fair 2023, General Director of the Vector Market Research Center for Marketing Technologies.
The participants of the exhibition will be able to get comprehensive analytics on these issues first-hand as part of the business program. For example, experts representing online trading platforms will talk about the features and trends of promoting Chinese goods in Russia and the prospects of scaling business with the help of marketplaces in 2023. Other analysts are also expected to perform.
Exhibition organizers
The organizers of the International / China Commodity Fair are the Russian and Chinese sides.
From China:
From China:
- China Chamber of Commerce for Import and Export of Machinery and Electronic Products;
- Department of Commerce of Shandong Province;
- Shanghai International Trade Development Council
- Committee on International Exhibitions and Congresses of the Province Zhejiang, a Subcommittee of the ChinaCouncil for the Promotion of International Trade of Jiangsu Province
From Russia:
- The exhibition is also held with the official support of the CCI of the Russian Federation;
- IEC Expocentre, National Coordination Center for the Development of Economic Relations with the countries of the Asia-Pacific region;
- The exclusive operator is the leading Russian exhibition company Gefera Media (formerly Messe Frankfurt RUS)