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Yiwu Leads the CRE
Post Time: 01/08/2018

 The China Railway Express (CRE), with the reputation of “Iron Camel Transporting Team,” not only sends goods made in China to countries along the railway lines, but also returns with thousands of high-quality international goods to Yiwu. 

According to statistics from Yiwu Customs, in the first half of 2018, Yiwu Customs supervised the CRE transporting 11,250 Twenty-foot Equivalent Units (TEUs), an increase of 115.52% year-on-year. The cumulative value of imports and exports was 3.62 bn RMB, doubling year-on-year, among which the value of exports was 2.93 bn RMB, an increase of 110% year-on-year, and the value of imports was 0.69 bn RMB, an increase of 73.9%.

 

Various Transportation Channels

Many Yiwu enterprises have selected the CRE as their first choice for transporting small commodities globally. The first CRE (Yiwu to Madrid) started from Yiwu on November 18, 2014. In 2015, 35 lines of the CRE were put into use, followed by 100 in 2016 and 168 in 2017. An official of Yiwu Customs remarked that the steadily increasing trend of the CREs indicates that the number will reach a new high in 2018. 

The CRE carries goods made in China and has become a “golden channel” connecting Asian and European markets. In addition, Yiwu Timex Industrial Investment, the operator of the CRE, set up five branches—in Duisburg, Madrid, London, Paris, and Moscow—along with eight international warehouse logistics centers, serving more than 35 countries. A staff member of the company commented that among all the lines, two lines of the CRE to five Central Asian countries have achieved regular one-way operation, while three to Spain, Russia, and the Czech Republic have achieved regular two-way operation.

 

Diversified Trading Goods

Statistics from Yiwu Customs show that the nearly 2000 goods transported by the CRE include small daily commodities, clothing, luggage, and hardware tools from eight provinces and cities: Zhejiang, Shanghai, Guangdong, Anhui, Jiangsu, Shandong, Fujian, and Jiangxi. The imported goods primarily include alcohol, cooking oil, maternal and child supplies, high-grade cooking utensils, auto parts, and cross-border e-commerce goods.

During the 2018 China–Yiwu Imported Commodities Fair, a delegation of 46 people from 27 enterprises visited Yiwu as part of a program called “the discovery journey of the CRE.” In addition, the Yiwu–Spain Exchange and Cooperation Exhibition Zone was set up in Yiwu International Expo Center to display hundreds of Spanish goods, including olive oil, ham, and red wine.     

“The CRE is not only a transportation channel, but also a bridge and platform for promoting exchanges between China and Spain. As the city with the largest number of CRE lines in use, Yiwu has become a gathering place for commodities export in the Yangtze River Delta and other regions. With an ever-increasing number of international goods being transported into China via the CRE, Yiwu plays a key role in promoting the balanced development of import and export trade. (By Wu FengyuYiwu Shangbao, translated by Pan Yinghua, edited by Kendra Fiddler)

 

Source text:

www.jhwq.gov.cn/14/ydyl_1357/201807/t20180726_2571187_1.html

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