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  • Spanning the East and West, Yiwu Assisted the Smooth Trade between Italy and China

  • Source:Yiwu · China Commodity Index Author:Yiwu · China Commodity Index 2019-05-06
  •     Over the past few days, the visit of President Xi Jinping to Italy has attracted the attention of operators in Yiwu Market. In recent years, the cooperation between Yiwu and Italy in the fields of economy, trade, fashion and culture has become closer and closer. The number of Italian businessmen coming to Yiwu for business and procurements has increased year by year, and Italy has become one of the most important export markets of Yiwu. According to the statistics from Entry & Exit Administration of Yiwu Public Security Bureau, more than 2,200 Italian businessmen come to Yiwu annually. According to the data provided by Yiwu Customs, the import and export value of Yiwu to Italy has reached RMB 3.02 billion in 2018, with a year on year increase of 19.8%, accounting for 1.2% of the total foreign trade value. Italy has ranked 12th among the foreign trade countries in Yiwu. In January this year, the import and export value from Yiwu to Italy has reached RMB 360 million, with an increase of 44% compared with the same period in last year. The main export commodities were mechanical and electrical products, clothing and clothing accessories, and cultural products; and the main import commodities were mechanical and electrical products, textile machinery and spare parts, and high-tech products.
        The CR Express between Asia and Europe has brought new business opportunities to traders in Yiwu and cities along the line. Yiwu China Import Commodities Mall, located in the District V of Yiwu International Trade City, is an important platform for overseas products to enter the Chinese market. Over 80,000 special commodities from more than 100 countries and regions around the world are available here. Not long ago, the Management Committee of Yiwu International Trade Comprehensive Reform Pilot Zone was set up, which indicated that Yiwu has started a new journey in the upgrading of free trade area, the building of top-grade business environment, and the construction of the world's small commodities city of the world with high level and sound quality.