The 26th China Yiwu International Commodities (Standard) Fair Ended Successfully

A few days ago, the 26th China Yiwu International Commodities (Standard) Fair (hereinafter referred to as Yiwu Fair) ended successfully. It is reported that there are more than 3,400 international standard booths in this Yiwu Fair, with an exhibition area of 100,000 square meters. Nearly 2,000 companies from 19 domestic provinces (including municipalities and autonomous regions) participated in the exhibition, so the exhibition is more standard than previous years. "There are more than 1,500 booths with bright labels, and the bright label exhibition area covers all the 10 major industries of Yiwu Fair, the bright label rate is over 50%. A total of 106,000 people visited the site, and 160 million people visited the online expo platform and live broadcast. In addition, during the Yiwu Fair, 7 overseas online matchmaking sessions were held in the United Kingdom, Malaysia, Chile, etc., with an intended turnover of 4.66 million US dollars.

What kind of signals does this international exhibition, which have been held for 26 years, reveal about the current trade in China's Yiwu market?

The epidemic can hardly stop the charm of China's small commodities

Novel styles of accessories and toys, a complete range of hardware and electrical products, underwear and bags... For many international exhibitors, Chinese small commodities are very attractive. Official data show that this year's Yiwu Fair invites about 1,600 foreign trade organizations and representative offices based in China, as well as about 1,800 domestic department stores, supermarkets, professional markets and other Yiwu buyers. Mr. Huang, Chief Economist of the Yiwu Municipal Bureau of Commerce, said that there are more than 75,000 market entities in the Yiwu market, covering more than 200 countries and regions around the world through millions of professional Yiwu buyers at home and abroad.

Based on the digital transformation of trade

The reporter noticed that this year's Yiwu Fair will also move the live broadcast room to the exhibition site, and many Internet celebrities carry various products for live broadcast. According to the organizer, not only domestic Internet celebrities and major e-commerce platforms build a full-industry chain e-commerce ecosystem, and provide services for exhibiting companies' live delivery of goods and online trade negotiations, as well as multinational Internet celebrities for global network promotion. According to the organizer's statistics, the live show companies have reached about 70% of the total number of participating companies, effectively building a platform for traditional companies to expand channels.

Holding brochures of various companies in one hand, and holding a mobile phone in the other to take photos of various Yiwu market products on the booth. Li, a buyer from Russia, displayed product-related information on his social software for customers to choose. At the Yiwu Fair, the reporter saw that many exhibitors and purchasers used online communication to discuss cooperation with foreign customers. Many international exhibitors said that although the order cycle is relatively long, the transaction volume is increasing.