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Yiwu Commodity Exports Worried about the Middle East Turmoil Again

Source: Yiwu sourcing agent    Author: Helan      Date: 2011-12-02

As the largest exports destination of Yiwu Commodity, the recent situation in the Middle East, especially Syria, the unrest situation recurrent, many in the Middle East, especially Syria, merchants to reduce the order of the amount to prevent risk, Yiwu Commodity exports subject to a certain extent.

    Industry experts warned that the majority of business users should pay attention to risk-averse, and actively develop other markets, effectively defuse the adverse effects of volatile Middle East to Yiwu small commodities exports.

    [Case]

    Orders from the four million U.S. dollars Reduced to two million U.S. dollars

    "In the past, a domestic friend asked me to purchase goods, often one order of $ 4 million value. On the day before yesterday a friend gave me a call, told me that order has dropped to 200 million. Our business is growing difficult to do. "November 29 afternoon, Syrian businessmen in Yiwu named Aleyn complain to the reporter,.

    Aleyn, 28, a Syrian, has been doing business in Yiwu more than three years, and now can use simple Chinese to communicate with correspondents. In more than 140 Syrian businessmen in Yiwu, Aleyn’s business is large.

    Alin deals with jewelry, clothing business mainly, usually responsible for the procurement of goods in Yiwu. After goods shipped to Syria, his friend is responsible for sales in the country. 3 years, Alin sent to Syria every year from Yiwu has more than 60 containers.

    Alin told reporters that Syria since March this year the situation has been unstable, although his business has not been affected, but he has obviously felt the Syrian merchants in Yiwu to purchase goods more cautious. At present we are more commonly used approach is to minimize the procurement of large orders, large orders break down, reducing the number of each procurement of goods, to prevent business risks because the political unrest in the Middle East.

    November 27, after the Arab League decided to impose economic sanctions on Syria, Alin was very worried about the goods can not be sent to Syrian from Yiwu, November 29 morning, he has to call a friend in Syria, the friend said that the current trade between Syria and China is still unimpeded, the goods is arrived, then he was relieved. However, the situation in Syria is not clear, he is still a bit worried their business will be affected.



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