Business volume totaled 18.233 billion yuan in the first half year

Source: Yiwu sourcing agent    Author: Yama      Date: 2008-05-09

Recently, sources from Yiwu Industrial & Commercial Bureau say the business volume of Yiwu market reached 18 . 233 billion yuan in the first half of this year, a rise of 7. 92% over the same period of the previous year . The business volume of China Commodity City totaled 13.385 billion yuan, and that of Yiwu  Agricultural products Trade City reached 1.1099 billion yuan, an increase of 8 . 49% and 3.67% over the same period of last year respectively. In the first half of the year, the business volume of Yiwu capital goods market and Yiwu production factor market reached 1.14 billion yuan and 231.03 million yuan, decreasing by 8. 62% and 2.57% respectively. The business volume of consumable market headed by China Commodity City reached 16.8623 billion yuan, a rise of 9. 42% over the same period of last year, maintaining a sound momentum of steady growth. Guided by the developing strategy “promoting the exhibition by trade and enhancing the trade by exhibition”, the market continues to develop towards specialization, marketization, internationalization and brand creation, and renovate the mechanism of exhibition, which is expected to inject more vigor into the market .

　　Shortly after the Exhibition Center of China Commodity City was h o no r e d a s “2007 Consumer s ‘ Favorite Exhibition Brand in China”, Yiwu became the first county-level city in the country that is authorized to exhibit abroad . With this authorization, Yiwu enterprises can catch more opportunities to compete and cooperate with international large-scale exhibitions, thus promoting the influence of Yiwu market and its small commodities in the international market and effectively expanding the overseas market to get more business chances.

　　I n this April, brand exhibitions like the Cultural Products Fair, the Hardware & Electric Applance Fair, and the Consumables Fair concluded with great achievements. The commodity trade volume i n the three-day Cultural Products Fair reached 1.75 billion yuan, a rise of 28.7%, 60% contributed by the foreign trade . The commodity trade volume of the 4th Hardware & Electric Appliance Fair reached 985 million yuan,65 . 89% taken by the foreign trade. The total trade volume of this Consumables Fair increased by 217% ,71 . 6% by the foreign trade. While holding its local exhibitions, Yiwu will attend Paris International Beauty Expo in an organized team for the first time, and have the chance to show its exquisite commodities in MACEF Fair, a top world-level international exhibition engaging in daily consumables and furniture.

　　Shopping tourism has become another important reason for the increase of business volume. The mutual interaction between commerce and tourism makes Yiwu market a charming tourist spot that attracts businessmen and travelers from all over the world. The number of tourists who visited Yiwu reached 2 . 0436 million in the first five months of the year, 116.6 thousand coming from over seas, an increase of 18.05% and 21.35% respectively. In China Domestic Tourism Fair held in Suzhou, Yiwu’s shopping tourism became a new highlight. According to statistics, in the first quarter of the year, 113 tourist parties totaling 3,403 people in Jiangsu Province ( 3,145 people in the March) were organized by travel agencies to experience the shopping tourism in Yiwu .

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