China’s toy exports totaled US$ 7 billion from January to October of 2007, a 20.1 percent increase from the year before. The official statistics showed that following the large scale of toy recall, toy exports were down 6.2 percent in September. The number then rebounded back to 21 percent, consistent with the growth in the first ten months. The European Union and the US are two of the largest markets and account for 67.6 percent of toy exports. It has been predicted that the increasing cost, operation model and reduced export taxes may affect future toy exports. China remains the world’s largest toy export country.
Source: BBC Chinese.com January 6, 2008 http://news.bbc.co.uk/chinese/simp/hi/newsid_7170000/newsid_7173600/7173685.stm