Yiwu foreign company sector exceeded 3000

by | Feb 14, 2011 | Yiwu News | 0 comments

Yiwu foreign company sector exceeded 3000

According to Yiwu goverment statistics, there are currently more than 13,000 permanent Yiwu foreign company departments. By of the end of 2010, the number of resident offices of Yiwu foreign company has reached 3008, which ranked the first in all counties of China.

Yiwu has a well-known commodity market, it was called “the world’s largest small commodity wholesale market” in a report released by the United Nations, the World Bank and Morgan Stanley.

Jordanian businessman Mohamed Bata run a Rep. business office in China famous commodity city Yiwu.,doing artificial crafts business.Every week there are goods sent from here to the Middle East market.

“All the goods that Jordan market needed can be found in Yiwu. Yiwu market not only has fair prices, but also ensure on time delivery and quality” Bata told reporters, “This is the reason why I choose to set up representive office to purchase goods in Yiwu. ”

Currently, the direct and indirect transactions on Yiwu Small Commodity market is over 30 billion US dollars and Yiwu goods has exported to 215 countries and territories worldwide. In the whole year of 2010, the number of small commodity exported has reached 576,000 TEUs under Yiwu customs supervision, which increase 57,000 TEUs over the previous year.

Among the 3008 Yiwu foreign company representative offices, there are almost 80% rep. offices that come from Asian countries, and another 10% come from African countries. In addition, there are rep. offices from Europe, America and Oceania. From the view of country and region, they are mainly from Pakistan, Iraq, United Arab Emirates, Afghanistan, Korea, Egypt, Jordan, Yemen, India, Hong Kong and other countries and regions,and the number of Yiwu foreign company representative offices is still increasing.

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