In 2023, Yiwu's total imports and exports in Zhejiang province hit 566.05 billion yuan ($73.17 billion), showing an 18.2 percent year-on-year rise, as per Yiwu Customs.

Specifically, exports reached 500.57 billion yuan, indicating a 16 percent increase, while imports reached 65.48 billion yuan, marking a substantial increase of 38.7 percent.

Yiwu's commerce with countries involved in the Belt and Road Initiative totaled 349.71 billion yuan, representing a 19.5 percent increase. Additionally, its foreign trade with African and Latin American countries was valued at 104.90 billion yuan and 89.76 billion yuan, respectively, with growth rates of 24.9 percent and 25.4 percent.

Notably, trade with India and Saudi Arabia also saw significant growth, totaling 30.42 billion yuan and 14.13 billion yuan, with growth rates of 24.7 percent and 38.4 percent, respectively.

Yiwu's foreign trade orders showcased a new highlight through the small-scale, multi-variety mixed-container export of small commodities. In 2023, the city exported 388.37 billion yuan through market procurement trade, representing a 19 percent increase.

Moreover, Yiwu's cross-border e-commerce achieved a transaction volume of 121.16 billion yuan, marking an 11.8 percent year-on-year increase.

Using its advantages such as fast delivery and low transportation costs, Yiwu has set up 210 overseas warehouses in 50 countries, emphasizing their significance in the city's international market expansion.