01 Yiwu trade data "breaking a new high"

In the current increasingly complex and severe economic environment at home and abroad, the data of Yiwu market is still outstanding:

• From January to October 2024, the total value of Yiwu's import and export exceeded 560 billion yuan, an increase of 3%. Among them, the export was 494.46 billion yuan, up by 18.1%; Imports reached 65.7 billion yuan, up 19.5%;
• By the end of May 2024, the total number of registered market operators in Yiwu exceeded 1.1 million, surpassing Kunshan and becoming the largest county in China.
• On October 30, 2024, the express delivery volume in Yiwu exceeded 10 billion pieces, reaching 9.5 billion pieces, 50 days earlier than 2023;
• Since 2024, the average daily passenger flow of Yiwu International Trade City has exceeded 220,000, the highest in nearly 10 years.
• From January to October 2024, Yiwu's total import and export to countries jointly building the "Belt and Road" reached 100 million yuan, an increase of 18.4% year-on-year, accounting for 61.4% of the total import and export value of Yiwu in the same period.

Yiwu International Trade City Map source: Yiwu Index

02 The latest document of the Central Government, 18 measures to support the reform and innovative development of digital trade

On November 28, 2024, the latest document of the Central Committee, "Opinions of the General Office of the CPC Central Committee and The General Office of the State Council on the Reform, Innovation and Development of digital Trade" was released, proposing a number of measures to support the reform, innovation and development of digital trade. As a global small commodity trade center, Yiwu will usher in new opportunities for development. These measures cover the development of digital trade segments and business entities, the institutional opening of digital trade, the improvement of the digital trade governance system, and the strengthening of organizational safeguards. The guideline stressed the following eight principles, including taking innovation as the priority and security as the basis, expanding opening-up and win-win cooperation, deepening reform and systematic governance, giving priority to pilot projects and making breakthroughs in key areas, and building a new development pattern with services. It indicates that digital trade will become a new driving force and a key force of new advantages to promote the development of foreign trade in Yiwu and even the whole country, providing a broad space for Yiwu to develop digital trade.

03The return of Trump in the US election: Yiwu Index in-depth analysis of future economic and trade trends

On November 6, 2024, the dust settled on the US presidential election, with Republican presidential candidate and former President Donald Trump claiming victory. The two parties spent $15 billion on a volatile election. Trump's two major policy propositions: one is the "America first" substantial and comprehensive increase in tariffs, and the other is the "weak dollar" and interest rate reduction policy. Through market interviews, Yiwu Index understands the possible impact of Trump's administration on Yiwu's trade from the three keywords of tariff, exchange rate and regional conflict, and draws a conclusion that Yiwu market has limited direct impact on Yiwu by virtue of its advantages of trade diversification, strong resilience in coping with trade shocks and multiple risk-off strategies. In addition, if the "Russia-Ukraine conflict" can be ended in advance, the regional conflict may be alleviated, and the impact of foreign trade exports on the war conflict will be reduced, or Yiwu will usher in new opportunities to further explore the Russian market. We firmly believe that Yiwu will maintain the long-term growth of its trade with the United States by virtue of its many years of accumulated international trade resources and sound industrial clusters. We will also call on the world to jointly build a new global economic order based on the principles of openness and inclusiveness.

Donald Trump election scene photo Source: Xinhua News Agency

04 "Eleven" consumption hot spots are frequent, and Yiwu ranks second in county tourism

During the National Day holiday in 2024, Yiwu's hot spots such as "purchase type" tourism and international cuisine have come out of the circle, making more and more people feel that "Yiwu, there is more life with business". From October 1 to October 7, the total passenger flow of the professional markets of the International Trade City, Huangyuan Market and International Means of Production Market of the City Group reached 1,501,900 people, an increase of 24.2%. In order to undertake this wave of traffic, Yiwu China Import Commodity City merchants have adopted cost price sales, vigorously promotion and other ways, with "strength" for their own endorsement, directly led to the explosive growth of jewelry, toys, toiletry, beauty and other categories of sales.

National Day holiday county leisure tourism, Yiwu strong ranked second in the country source: CCTV news report

05 The 10th anniversary of the "Yixin Europe" China-Europe train has realized "two-way travel"

On November 18, 2024, the "Yixineu-Europe" China-Europe train, full of 110 TEUs of export goods, set off from Yiwu West Railway Station and set sail for Madrid, the capital of Spain, more than 13,000 kilometers away. On the same day, the "Yi-Xinjiang-Europe" China-Europe railway line ushered in the 10th anniversary of the start of the node. At present, the radiation range of the China-Europe Express (Yiwu) has expanded to more than 50 Asian and European countries and regions, reaching more than 160 cities, achieving full coverage of the three major routes of the China-Europe line, China-Russia line and Central Asia Line. By the end of October 2024, a total of 11,380 China-Europe freight trains carrying 932,200 TEU had been launched. From "point-to-point" to "hub-to-hub", from one-way to "two-way", the proportion of return trains has increased from less than 10% in the initial stage to 60.3% at present, and the two-way operation has been steadily normalized. The "steel camel train" of the China-Europe Railway (Yiwu) will closely connect Yiwu with the world, and will also promote the continuous enrichment and upgrading of the supply structure.

Photo of the 10th anniversary of the opening of the China-Europe Railway Express (Yiwu-Madrid) Source: China's Belt and Road Network

06 Paris Olympic Games, Yiwu manufacturing strength "Photobomb"

The 2024 Olympic Games open in Paris on July 27. "No matter where the contest is held, the single explosion is Yiwu." According to the statistics of the Paris Olympic Organizing Committee, 80% of the mascot "Frige" dolls are made in China, most of which are produced in Yiwu; One million official silicone bracelets for the Paris Olympic Games were contracted and manufactured by Yiwu merchants and appeared in France. In this Olympic Games, the hair clips, crocs, jerseys on the Olympic athletes... Small bracelets, table tennis, big to the ball table, sports equipment, tens of thousands of sports equipment, shoes and clothing products from the assembly line far across the ocean, for the Paris Olympic Games to bring "made in China". In the first half of 2024, Yiwu's exports to France increased significantly, including sports goods exports increased by 150.7% year-on-year. Behind Yiwu's explosive orders is the number of categories made in Yiwu, the new products and the whole chain.

Paris 2024 Olympic Games mascot "Frige" doll photo: Xinhua

07 "Black Myth: Wukong" burst into flames, Yiwu market to "Shrewden riches"

On August 20, 2024, the domestic 3A game "Black Myth: Wukong" was officially launched, sweeping the game circle. In addition to the game development enterprises themselves, all kinds of surrounding quickly surfaced, covering coffee and tea, food, hotels, electronic products, cars, concerts, e-commerce platforms and even gold jewelry, and then netizens said that "pressure to Yiwu". Yiwu merchants acted quickly, and orders for products such as golden cuddles and gold hoop poured in. The sales of various extension products related to them surged in e-commerce and wholesale platforms, and experiential perimeters gained dividends, driving the sales of toys, electronics and electrical appliances in many industries. Yiwu market takes advantage of the trend, 108 kinds of commodities take off. Behind the hot circle game, it reflects the new highlights of China's cultural industry showing scientific and technological innovation "enabling", traditional culture "finishing point" and industrial linkage "breaking the circle", and also shows the huge market potential and consumer enthusiasm of cultural and entertainment consumer goods.

"Black Myth: Wukong" has sold more than 10 million sets of photo source: Black Myth Wukong public account

08 "City Fly" : Yiwu held the first low-altitude economic tour activity

On November 21, 2024, in the first event of "Future Yiwu Set Sail - Yiwu Low-Altitude Economic Tour", the drone cargo flight demonstration was successfully held, and an FC30 carrier took off from the International Trade City and completed a 12km flight in only 13 minutes, while traditional road transport took more than 30 minutes. "Low-altitude economy" is a strategic emerging industry deployed by the state, with broad development prospects. Yiwu, as an international comprehensive transportation hub city, has an annual express delivery volume of more than 10 billion, so it has rich market space to expand low-altitude freight. In the future, Yiwu will further explore the development path of "low-altitude economy" and create a "low-altitude economy" development highland with distinctive Yiwu characteristics.

"Future Yi Set Sail" tour site with a payload of 30kg cargo model map Source: Yiwu Rongmedia

09 Yiwu Global Number Trade Center investment work started

On November 22, 2024, the Global Digital Trade Center, as the core symbol project of Yiwu's sixth generation market, held a press conference on industry layout in Yiwu. Centering on the three main lines of new trade, new market and new landmark, the global digital Trade Center coordinates the three major Spaces of production, life and ecology, and realizes the comprehensive upgrading of business space, market form and business mode. The market section is the main engine of the global digital trade center, with a construction area of 410,000 square meters, more than 5,000 commercial Spaces, and a standard store area of about 27 square meters. The market section of Yiwu Global Digital Trade Center is scheduled for trial operation in October 2025, and the global investment promotion has officially opened the market pre-registration entrance on November 23. As an important carrier for the sixth generation of the market to achieve "market upstairs, industry upstairs", the commercial office sector opened on November 8, the opening site was subscribed, a shop is difficult to find, and the commercial office T3-T7 has been sold out. Based on consumer trends, the global number of trade center press conference officially disclosed the construction of the four ideas, five industry layout direction, she economy, exquisite childcare, health and leisure, silver age economy, unmanned intelligent equipment and other anchor points settled. Global Digital Trade Center sincerely invites global manufacturers, traders, service providers, entrepreneurs to gather new markets, share new opportunities, and seek new development!

Sixth generation market global trade center industry layout press conference

10 The 30th Anniversary of Yiwu Fair, the "Question of The Times" in the digital Future

On October 21, 2024, the 30th China Yiwu International Small Commodities Fair - Export Commodities Exhibition opened in Yiwu International Expo Center. On the first day, 52,983 buyers attended the meeting, an increase of 10.37%; The number of overseas buyers attending the meeting was 4,027, an increase of 7.5% year-on-year. With the theme of "Cultivating new momentum of foreign trade and Shaping new advantages of opening up", this exhibition has set up exhibition areas for daily consumer goods, hardware tools, construction hardware, electronic appliances, toys, mechanical and electrical machinery, sports and outdoor leisure products, cultural office, service trade and other industries, and has a future market theme exhibition area, with more than 3,900 international standard booths and more than 2,500 exhibitors. The exhibition area is 100,000 square meters. This exhibition first set up the "future market theme exhibition area, showing the new chapter of commercial development", with the theme of "the question of The Times", showing the characteristics of "complex, large shops, multi-formats, digital". Mall Group's first AI intelligence week all new dual-body intelligent body Yapping, as well as the newly launched AI electronic business cards and AI digital people with goods on the Chinagoods platform are also unveiled, in addition, Yiwu Index 2.0 also ushered ina new upgrade.

Yiwu Index site map Source: Yiwu Index