Source: Yiwu sourcing agent Author: Gary Date: 2007-11-10
The 2007 China Yiwu International Commodities Fair was closed on October 26. The total trade volume of this fair reached 10.89 billion yuan, in cluding US$980 million contributed by foreign trade. The once local fair now has become the third largest commodities fair in China, following Guangzhou Fair and East China Fair.
In 1995, Yiwu held the first commodities fair based on its commodities market. That was a fair with traditional festival atmosphere, because a lot of local people also took it as a templefair for purchasing consumer goods.
Since 2002, With China Commercial Bureau's joining in holding YWICF, the scale of the fair enlarged a lot. From 2002 to 2007, the number of exhibiting enterprise and standard booths increased from 1026 and 1500 to 2565 and 4500 respectively. On the other hand, the number of professional businessmen and foreign businessmen increased from 61000 and 5448 to 110000 and 17011 respectively. The trade volume and foreign trade volume increased from 5.1 billion yuan and US$285 million to 10.89 billion yuan and US$980 million respectively.
Since Yiwu commodities market has about 100000 dealers and 200000 customers, exhibiting more than 400000commodities, it is also called an everlasting fairs. Based on this big market, Yiwu fair industry emerged as a new force. Over 80 fairs are held in Yiwu every year, including more than 30 professional fair, like commodities, cultural products, hardware and electrical appliance, cosmetics, toys and so on. Until now, 15 county-level industry associations or well-known exhibition breaus have held fairs in Yiwu.
News from Xinhua News agency Hanghou October 27.