This year, Yiwu Small Commodity exports to India increased significantly

by | Jul 5, 2011 | Yiwu News | 0 comments

June 29, reporters from Yiwu Customs was informed that the first five months of this year, Yiwu exports to ASEAN from yiwu Customs by $ 300 million, an increase of 32.4%, while exports to India increased significantly. According to Customs officials, this year, affected by the Middle East and North Africa unrest, Yiwu Small Commodity exports to traditional markets in the Middle East has been shrinking. Also affected by the earthquake disaster and sovereign debt crisis, Japan and Europe can not be optimistic about the prospects for economic recovery, and U.S. debt ceiling has led to market concerns, Yiwu’s exports to the European and Japanese markets are leading subject to a certain degree of unrest.

By comparison, the Southeast Asian market, China – ASEAN Free Trade Area of ​​promising developments, many business enterprises increased their roots in the ASEAN market and intensity. Signs indicated that Southeast Asia could develop into the next major market of Yiwu small commodities. January to May this year, exports to ASEAN, accounting for the same period Yiwu Customs tourism shopping trade 10.5% of total exports. While exports to India reached $ 170 million, an increase of 94.7% year basis, 5.7% of the total.

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