RMB 17.074 Billion of Turnover Recorded for the 20th Session of the Yiwu International Commodities Fair

YIWU, China, Nov. 7, 2014 /PRNewswire/ -- The five-day 20th session of the China Yiwu International Commodities Fair ("The Fair") was unveiled at the Yiwu International Expo Center yesterday. According to statistics from the organizing committee of The Fair, this iteration of the event has realized a turnover of RMB 17.074 billion, representing year-on-year growth of 2.76%. The turnover amounts for foreign trade totaled USD 1.75 billion, accounting for 62.73% of the event's total, marking a year-on-year growth rate of 3.21% 

Judging from the five-day turnover, the 20th session of The Fair was diverse in content and distinct in economic and trade character. Organizers set up 4,500 booths, attracting 2,529 enterprises from 22 countries and regions to participate. 207,159 merchants from 170 countries attended The Fair, including 23,835 foreigners. The top five countries and regions represented were South Korea, India, Pakistan, Egypt and Russia.

The Fair embodied the development trend of daily necessaries at home and abroad in a scientific manner, oriented at domestic and foreign merchants, targeted at global markets, and endeavored to create a preferred platform for production enterprises and purchasers of daily necessities to conduct trade negotiation as well as technical and information exchange. In The Fair's meeting, innovation design expo area, the Korea Institute of Design Promotion and Lankao Expo Group in particular attracted crowds of purchasing agents to negotiate, which bore remarkable expo fruit.