Source: Yiwu sourcing agent Author: Helan Date: 2008-07-28
Due to many influences like national macro-control, sluggish economy, and increased prices in raw material, labor cost and energy, Yiwu slows down its economic growth rate in the first half year of 2008. The self-managed import-export amount was $
935 million ,an increase of 14.33% over the same period of the previous year . The export shared $ 849 million, up 12 .37% over last year, and the import was $86 million, an increase of 37 . 98%,with trade surplus of $763 million .
In the first six months, the U.S. still ranked No.1 of the countries for Yiwu's export, followed by the UAE,Russia, Germany and Spain . Export to the U.S. was $118 million, an increase of 5 .7%, and export to the UAE, Russia and Germany increased 2 . 22%,26 . 86% and 44 . 61% respectively . Export to Spain grew dramatically, with amount of $30,69 million, up 63 . 2%. Compared with the same period of last year, the top 3 countries in Yiwu's export list remained the same, but export to the EU increased greatly with $ 179.3 million, up 20.51%, accounting for 21.34% of Yiwu's total export .
Industries that took the lead in foreign trade in the first half year were clothing, socks, zippers, spinning & textiles, and arts & crafts.
In the first half year, the self-managed export amount of Yiwu manufacturers reached 559,600,000, which is 65 .92% of the total export amount . Self -managed export amount of export enterprises reached $289.35 million, 34.08% of the total volume . During the same period, the total business volume of processing trade increased fast, amounting to $78.85 million, 8.43% of the total amount in the first half year, which includes the export volume of $62,25 million, an increase of 42 . 25% compared with the same period of last year.
Processing trade had become one of the highlights of Yiwu international trade. In the first half year, there were 137 new import & export enterprises and 49 new self-managed import & export manufacturers . Encouraged by the government,Yiwu's import business also grew remarkably in the first half year, with the total import volume increasing far more than export by
37.98%. The import products were mainly plastic materials, sewing machines and steel, amounting to $36,830,000, $15,110,000 and $2,110,000 respectively.
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