2010 Yiwu Market Turnover

2010 Yiwu Market Turnover

Last year, the total turnover of Yiwu Market reached to 62.116 billion yuan, up by 11.7%, of which the turnover of China Commodity City is 45.606 billion yuan, with an increase of 10.8%. This is the first time that the turnover of China Commodity City  broke 45 billion yuan record and created the highest increase rate of market turnover in the last 10 years.

After the breakout of financial crisis in 2008, ornaments industry became one of the most affected industries in Yiwu market. While last year, the ornaments industry bottomed out and showed rapid growth. In Yiwu International Trade City District 1 ornaments area, Amanda reporter saw there were full of people: Businessmen from around the world were busy picking products, asking the price, placing orders and  dealers were busy with orders and goods packing.

Dealer Wang Pao is mainly engaged in cloth headdress. Our reporter noted that from 9 am to 11 a.m., he received 4 domestic orders with an account of up to million yuan. Wang said with a look of joy on his face, “Next year is Lunar Rabbit Year, so I mainly sell rabbit headwear and girls’ hairpins. It seems that this move is on the right track.”

Next door dealer Cai Shiyong said his products was originally made of resin, and now they are changed into crystal material and ornaments grade improved a lot. He said, “Since product quality is better, there are more orders and larger are the profits.”

Hope the turnover of Yiwu market can reach a new height in 2011.