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Yiwu's exporting soars 71% in April

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Nick Bryant
Nick Bryant



No. 52, North Jinlin RD, Niansanli Industrial Park, Yiwu, 322000, China

Yiwu's exporting soars 71% in April

May 26,2021

Yiwu city in East China's Zhejiang province reported a foreign trade volume of 27.01 billion yuan ($4.19 billion) in April, up 71.4 percent from the previous year, and accounting for 8.1 percent of the provincial aggregate, according to the latest statistics from the Yiwu customs office.

Yiwu's exports shot up 73 percent year-on-year to 25.21 billion yuan, making up 10.5 percent of the provincial aggregate, while its imports surged 51.1 percent to 1.8 billion yuan, accounting for 1.9 percent of the provincial aggregate.

The city's substantial growth in foreign trade over the period is particularly reflected in its major trading partners, market procurement trade and China-Europe freight train service, exportation of machinery and electronic products, as well as imports of consumer products.

In April, trade volume between Yiwu and Africa, ASEAN, and the European Union was 5.46 billion yuan, 3.57 billion yuan, and 2.89 billion yuan, up 40.8 percent, 90.7 percent, and 96 percent year-on-year respectively.

Trade volume between Yiwu and the United States, Mexico, and Chile was 2.54 billion yuan, 940 million yuan, and 900 million yuan, a year-on-year growth of 64.6 percent, 489 percent, and 270.6 percent respectively.

As much as 78.8 percent of Yiwu's April exports, which were valued at 19.85 billion yuan, was conducted in the market procurement trade mode, which features quick customs clearance, convenience and value-added tax exemption.

The total value of cargo transported through the city's China-Europe freight train service in April soared by 227.1 percent year-on-year to 10.22 billion yuan.

The city's exported machinery and electronic products in April were valued at 9.66 billion yuan, up 78.5 percent from the previous year, making up 38.3 percent of the city's total exports. Some 960-million-yuan worth of high-tech products were exported in the same period, up 235.5 percent year-on-year.

The city's imported consumer products surged 35.5 percent to 1.45 billion yuan, accounting for 80.3 percent of the city's total imports.