Yiwu’s Import and Export Trade
Yiwu’s import and export trade has been developing steadily over the first five months this year. The Yiwu Customs provided statistics that show Yiwu’s total export and import value reached 111.48 billion RMB during this period, which is an annual increase of 9.3%. The export value for this period was 108.37 bn RMB, an increase of 7.4% from last year. The import value was 3.11 bn RMB, and increased by 179% compared with last year.
With the establishment of the Belt and Road and the launch of several Yiwu-Madrid railway trains, many merchants have contributed noticeably to the economic development in Yiwu. Trade with countries along the B&R route takes up 50.9% of the total value of imports and exports, reaching 55.89 bn RMB in the first five months, an increase of 6.1%. Among that, the export value is 55.22 bn RMB, an annual increase of 6.1%, and the import value occupies 0.67 bn RMB, an annual increase of 173.3%. The import and export value with the United States is 5.6 bn RMB, an annual increase of 28%.
From January to May, the total value of products Yiwu-Madrid trains transported reached 3.8 bn RMB, an annual increase of 13.5%. During this period, Yiwu Bonded Logistics Center (type B) imported and exported products worth 180 million RMB, which is an increase of 154.2%. (By Wu Fengyu, translated by Sun Yin, edited by Mariam Ayad)