Gifts / Sports & Toys

On the 30th, the China Toys and Baby Products Association released the "2023 White Paper on the Development of China's Toys and Baby Products Industry". According to the data, in 2022, China's international toy trade exports maintained a sustained growth, with the export of children's carts achieving a double-digit growth compared to the previous year. The export of toys and children's carts to RCEP member countries showed a strong growth trend. In the domestic market, in 2022, the total retail sales of the toy market increased slightly compared to the previous year, while the total retail sales of milk bottles and children's carts remained stable and increased. Consumption upgrading boosted the sales of products with high customer unit prices.

In 2022, China's international trade exports of toys (excluding games) amounted to US $48.36 billion, an increase of 5.6% over the previous year. The international trade exports to RCEP member countries amounted to US $11.81 billion, an increase of 36.1% over the previous year. In 2022, the export value of children's carts was 1.67 billion US dollars, an increase of 12.5% compared to the previous year. The first export destination was the United States, with an increase of 12.0% compared to the previous year. The export value of international trade to RCEP member countries was 270 million US dollars, an increase of 37.2% compared to the previous year. In 2022, the total retail sales of toys in the domestic market reached 88.31 billion yuan, an increase of 3.3% over the previous year. The total retail sales of milk bottles reached 6.65 billion yuan, an increase of 1.1% over the previous year. The total retail sales of children's carts reached 14.78 billion yuan, an increase of 1.9% over the previous year.