Yiwu's GDP rises 15.5 percent in H1

chinadaily.com.cn| Updated :2021-08-03


The county-level city of Yiwu in Zhejiang province is home to the world's largest small commodities market. [Photo/China Daily]

The latest data from the Yiwu bureau of statistics shows that Yiwu had a GDP of 81.57 billion yuan ($12.62 billion) in the first half of this year, up 15.5 percent from the previous year.

Yiwu is a county-level city administered by the prefecture-level city of Jinhua in Zhejiang province. Its GDP growth rate in H1 was higher than Jinhua's and Zhejiang's.

Yiwu's value-added in the primary, secondary, and tertiary industries in H1 was 1.01 billion yuan, 24.17 billion yuan, as well as 56.39 billion yuan respectively.

The city's above-designated-size companies generated 45.48 billion yuan in industrial output in H1, surging 64.6 percent year-on-year. Their industrial value-added was 10.46 billion yuan, up 50.1 percent from the previous year.

Above-designated-size companies in the high-tech sector, equipment manufacturing sector, strategic emerging sector, and digital economy sector respectively generated 6.75 billion yuan, 4.95 billion yuan, 5.87 billion yuan, as well as 4.22 billion yuan in industrial value-added in H1. The corresponding year-on-year growth rate was 72.4 percent, 124.8 percent, 93 percent, and 171.9 percent respectively. These sectors' corresponding shares in all above-designated-size companies' industrial value-added was 64.6 percent, 47.4 percent, 56.1 percent, and 40.4 percent respectively.

The overall consumption goods retail in Yiwu stood at 50.38 billion yuan in H1, up 14.7 percent year-on-year.

The total transaction volume in Yiwu's wholesale markets was 111.21 billion yuan in H1, up 48 percent from the previous year. The Yiwu International Trade Market alone accounted for 96.44 billion yuan in transaction volume in H1.

Yiwu's foreign trade volume reached 167.41 billion yuan in H1, up 22.9 percent year-on-year. Exports rose 20.9 percent year-on-year to 158.2 billion yuan, while imports surged 71.6 percent year-on-year to 9.21 billion yuan.

Yiwu residents' average disposable income in H1 was 40,341 yuan, up 13.5 percent from the previous year.