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Yiwu’s Imports & Exports Growing Fast
Post Time:26/06/2017 Browse Number:

The value of Yiwu’s import and export trade from January to May of this year increased significantly. The exports to countries along the Belt and Road grew increasingly rapidly, and the growth of imports ranks one of the top in China.

       According to statistics from Yiwu Customs, the total volume of Yiwu’s imports and exports from January to May was 92,540 million RMB, with an increase of 11.7%. Specifically, the export value is 91,250m RMB with an increase of 11.3%, and the import value is 1290m RMB with an increase of 51%.

       In terms of the location of markets, more than half of the value was created with countries along the Belt and Road, and markets of the Association of Southeast Asian Nations (ASEAN) and Latin America also contributed significantly. During the first five months of this year, Yiwu’s export trade to countries and districts along the Belt and Road was worth 47,600m RMB, an increase of 8.8%; and that to the Middle East, Africa, Latin America, and ASEAN markets was 23,010m RMB, 21,360m RMB, 10,030m RMB, and 9490m RMB respectively, with increases of 2.7%, 11%, 20.8%, and 18.2% respectively.

       In terms of the products, the export of mechanical and electrical products contributed 30,550m RMB with a growth of 7.8%; clothing, 11,270m RMB and 7.4%; plastic products, 8.9 bn RMB and 10.8%; and the export of textiles, footwear, and toys were worth 5430m RMB, 4.1 bn RMB, and 2780m RMB respectively, increasing 17.3%, 19.8%, and 50.1% respectively.

       During the five months, the import and export by the Yiwu-Madrid China Railway Express was worth 1520m RMB, an increase of 98.2%, among which the export worth was 1210m RMB, an increase of 61.9%; and the import worth was 300m RMB, increasing 17.6 times. (From Wang Haitao, translated by Luo Shuru, edited by Kendra Fiddler)

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