Yiwu Market Turnover Reached 1500 million USD in Q3 2011

-Nov.14, 2011

According to data from China Commodity City Group (the company running Yiwu market), July to September, Yiwu market to achieve turnover of 10.9 billion yuan, up 17.95% over the second quarter, compared to last year, an increase of 11.51%.

US dropped out of TOP10 exporting destinations of Yiwu historically, while The Middle East also showed a decrease of total exporting volume.

Because of the debt crisis in Europe and America, Yiwu marke exports show "total export value increased, total volume decreased" feature.

overseas buyers are selecting rings inside yiwu jewelry market
(overseas buyers are selecting rings inside yiwu jewelry market)

However, a comprehensive reform of international trade in Yiwu has maintained a good momentum of development for Yiwu market.

According to the China Commodity City Network Analysis, July-August 2011, Yiwu market trading activity index chain consecutive decline, mainly due to the arrival of the Muslim holy month of Ramadan, leading to Yiwu decrease in the number of Middle East business;

With the end of Ramadan, China Commodity City in September of substantial growth in turnover of the chain, effectively promote active trading re-index higher.

According to Yiwu customs statistics, the first three quarters of this year, the amount of Yiwu small commodities export grew 6.90%, but export cargo fell by 11.1%, of which exports to the Middle East and exports were down 5.2% year on year and 18.5% .

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