In 2019, the total value of Yiwu’s foreign trade import and export was 296.78 billion yuan, an increase of 15.9% over the same period last year. Among them, exports were 286.79 billion yuan, an increase of 13.7%; imports were 9.99 billion yuan, an increase of 159.8%.
From the perspective of trade mode, the new kinetic energy of trade has been significantly enhanced. In 2019, new forms of foreign trade such as market procurement and cross-border e-commerce in Yiwu City continued to maintain a vigorous development state, of which market procurement exports were 232.49 billion yuan, a year-on-year increase of 14.1%, accounting for 81.1% of the total value of Yiwu’s foreign trade exports, and accounting for 81.1% of the total value of Yiwu’s foreign trade exports. Procurement of 89.5% of the total export value.
In addition, in 2019, the construction of Yiwu Cross-border E-Commerce Comprehensive Pilot Zone continued to advance, and Yiwu’s cross-border e-commerce import and export (including bonded e-commerce, e-commerce, and bonded e-commerce A) totaled 980 million yuan in imports and exports, of which bonded e-commerce (1210) The import value is close to 900 million yuan, and since its landing in 2019, it has achieved imports of 896 million yuan.
From the perspective of trade countries, the trade market is more diversified. In 2019, Yiwu City will continue to develop emerging markets while continuing to cultivate traditional markets. Imports and exports to the top two trading partners, Africa and the Middle East, were 69.22 billion yuan and 61.57 billion yuan, an increase of 17.3% and 13.9% respectively.
With the continuous deepening of market development, Yiwu’s import and export to countries and regions along the “Belt and Road” reached 141.39 billion yuan, an increase of 12.9%, accounting for 47.6% of Yiwu’s total foreign trade value. The potential for trade cooperation in emerging markets has become a driving force for Yiwu’s foreign trade new impetus for development. During the same period, Yiwu’s import and export to the United States was 17.73 billion yuan, a year-on-year increase of 35.6%.