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Toy exports hit intra-year record high in Guangdong

(Xinhua)
Updated: 2009-10-17 10:37

Toy exports in South China's Guangdong province, a key global toy production base, climbed to a record monthly high of the year in September, local customs said Friday.

The toy shipments stood at $780 million, a 16.5 percent increase from August.

The figure, however, represented a drop of 7.1 percent from the same month last year, compared with a 10.1 percent decline in August.

Exports have been climbing on a month-on-month basis since July when the traditional peak season for toy sales started.

The toy exports for the January-September period valued $3.99 billion, a decline of 10.9 percent from a year earlier.

The shipments to the United States in the nine months stood at $1.57 billion dollars, down 16.1 percent from a year earlier. Exports to the European Union fell 9.8 percent to $1.01 billion.

Related readings:  Frequent recalls challenge rebouncing toy exports  China toy exports slowdown amid shrinking world demand  Guangdong toy exports decline  Growth of China's toy exports hit by financial crisis

The shipments to the Association of Southeast Asian Nations surged 77.1 percent to $180 million in the period.

The toy producers will have a bumpy road to recovery considering higher demands on safety and environment standards in some export destinations, the Guangzhou Customs said in a statement.

The customs urged local toy makers to produce safer products and boost innovation and new product development to better cushion future crisis.