Yiwu China Commodities City is the largest commodities wholesale market of the world. The position of biggest importers of China Yiwu commodities in 2008 had once been occupied by UAE (United Arab Emirates) and Russia. Recently, as Yiwu trade departments reports, the self export value of the first quarter in Yiwu market reached 406 million dollars, and the U.S. becomes the biggest trade partner of Yiwu commodities again, replacing Dubai.
As the data shows from China Commodity City:http://en.onccc.com, the U.S. had been the biggest exporter of Yiwu commodities for 3 years since 2004 to 2007. Influenced by the international crisis, it was replaced by UAE in 2008. However, the export value of Yiwu-the U.S. reached 62.9752 million dollar in Q1,2009, increasing by 30.03%. The top 10 exporters of Yiwu commodities are: the U.S., UAE, Spain, Germany, Russia, Brazil, Iran, Italy, Algeria and Canada. The export of the 10 countries in total accounted for 52% of Yiwu export, in which the U.S. accounted for 17% and UAE 7%.
It is known that there has been an obvious change with demand structure by American market toward Yiwu commodities, which has turned from daily decorations to jewelries and cosmetics. As for genders, American females are more inclined to choose Yiwu commodities than the males do. Yiwu economy sees a bounce in Q1 of 2009, because Yiwu commodities, with high quality and reasonable price, are still attractive for American consumers under the circumstance of the international financial crisis. There is an obvious return of foreign businessmen in Yiwu market.
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