China Yiwu Cosmetics Imported Value Reached $241 Million in the first 4 Months
- Chaileedo Press
- May 19, 2023
- 2 min read
Updated: Jun 5, 2023
On May 18, Yiwu Customs announced that in the first four months of this year, the total import and export value of Zhejiang Yiwu reached 165.42 billion yuan ($23.55 billion). Imports of beauty and cosmetics and personal care products amounted to 1.69 billion yuan ($241 Million), seeing growth of 34.9%.
On May 18, Yiwu Customs announced that in the first four months of this year, the total import and export value of Zhejiang Yiwu reached RMB 165.42 billion yuan($23.55 billion), a year-on-year increase of 15.7%, of which exports amounted to 147.64 billion yuan ($21.01 billion), a year-on-year increase of 13.0%, while imports amounted to 17.78 billion yuan ($2.53 billion), a year-on-year increase of 44.7%.
Data shows that in the first four months of this year, Yiwu's imports and exports to Africa amounted to 30.03 billion yuan ($4.27 billion), a year-on-year increase of 24.3%, imports and exports to Latin America amounted to 23.98 billion yuan ($3.41 billion), a year-on-year increase of 28.0%. The total imports and exports to countries and regions along the "Belt and Road" reached 62.93 billion yuan ($8.96 billion), a year-on-year increase of 14.8%. In addition, exports to India, Saudi Arabia, and Brazil were 8.65 billion yuan ($1.23 billion), 4.14 billion yuan ($589 million), and 3.9 billion yuan ($555 million), respectively, with year-on-year increases of 11.3%, 56.1%, and 49.1%.
Media reporters learned that as the "618" e-commerce promotion is approaching, the Yiwu Comprehensive Bonded Zone, which gathers imported goods from nearly 50 countries and regions, has begun to prepare for stockpiling in advance. Data shows that in the first four months of this year, Yiwu imported consumer goods worth 10.02 billion yuan ($1.43 billion), a year-on-year increase of 30.7%. Among them, imports of beauty and cosmetics, and personal care products amounted to 1.69 billion yuan ($241 Million), a year-on-year increase of 34.9%.
Exhibitions are an important window for foreign trade and communication. Data shows that in the first quarter of this year, the number of commercial exhibitions held in Yiwu increased by 120% compared to the same period in 2019, driving an increase in product export volume to a certain extent. In the first four months of this year, Yiwu exported 112.04 billion yuan ($15.95 billion) through market procurement trade, a year-on-year increase of 11.9%. The import and export through general trade amounted to 44.08 billion yuan ($6.27 billion), a year-on-year increase of 21.6%.
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