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US: Yiwu’s Second Largest Exporter
Post Time: 26/11/2018


Yiwus exports to the US this year have increased by 24.4% year over year, with the US becoming Yiwus second largest export market. Yiwu’s total import and export volume during the last three quarters reached 195.86 billion RMB, an increase of 14.2%. Total import and export volume has maintained quick growth.

The total import and export volume of Yiwu this year has reached 193.481 bn RMB, an increase of 14.54% since last year, 4.8% higher than that of the province and 8% higher than that of the country. The cross-border e-commerce volume has reached 1.625 bn RMB, increasing by 202%.

As for the export market, Yiwus exports to the US have increased quickly, accounting for 4.85% of the citys total exports. Yiwus exports to the countries along the Belt and Road have increased by 12.71%, occupying 49.63% of Yiwu’s total exports. Among export products, the export of mechanical and electrical products is thriving, increasing by 17.31% annually, and accounting for 33.42% of the exports of Yiwu.

Although Yiwus imports have decreased, consumer goods imports maintain fast growth. In terms of the physical market, Yiwu has achieved a turnover of 112.51 bn RMB, a year-on-year increase of 10.1%; Yiwu Small Commodities City has achieved a turnover of 96.1 bn RMB, a year-on-year growth rate of 12.8%. (By Jia Yongliang, translated by Jin Haiqiong, edited by Kendra Fiddler)


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