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Export of Yiwu market keeps increasing

Number of visits: Date:2017-06-15

According to related statistics from Yiwu Market Trade Development Council,the turnover of Yiwu market from January to September reached 30.558 billion yuan,an increase of 8.06% compared with the same period of last year,among which 22.733 billion yuan came from China Small Commodities City,an increase of 8.84% compared with the same period of last year. The increasing rate of 8-10% was maintained. The total turnover of specialized markets reached 7.825 billion yuan,an increase of 5.63% compared with the same period of last year. Related statistics show that Yiwu export keeps increasing in spite of the weak export market in China. From January to September,210 thou-sand customs declaration forms and over 400 thousand standard containers of Yiwu commodities were received at the customs,an increase of 26.5% and 28.4% respectively compared with the same period of last year. It's a miracle for Yiwu market to keep increase under the harsh economic situation in the world.

 

Since January,the macro economic environment in China and the world is complex and changeable. Market benefit index in September decreased by 23.8% compared with that in January. Macro factors influencing the cost of commodities are"three rates and two prices"(namely,the RMB exchange rate against USD,the bank loan rate,and the export rebate rate; rise in the price of raw materials and in the price of labor cost). The fluctuation of these five factors changes the cost of commodities.

Surveys show that the recent prices of raw materials in mechanical and electrical industry,light industry and chemical industry increase by over 20%. The international ocean freight rises by over 30% and the enterprises'employment cost rises by 5%-10%. And the entities of Yiwu market are labor-intensive enterprises and private enterprises which are greatly influenced by "three rates and two prices" (namely the RMB exchange rate against USD,the bank loan rate,and the export rebate rate;the price of raw materials and the price of labor cost). Pushed by the cost,the prices of commodities in the market are also on the rise and about 50% of the commodities’prices rise by 5%-10%. But this rate is relatively low compared with the growth rate of raw materials cost,which leads to the further shrink of profits. Take the toy industry for example. The raw material cost rises by about 10% and the product price rises by only about 5%,so the original profit rate 5%-10% almost shrinks to zero. From late August and especially recently some relief measures have been implemented both at home and abroad to control further economic deterioration to some degree and some positive changes gradually take place in the business-running of Yiwu market. From September 1 the business administration fee has been cancelled.

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