Syria Merchants Reduce Orders &Nbsp; Yiwu Exports Of Small Commodities Are Troubled By The Turmoil In The Middle East.

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Industry experts have warned that the majority of operators should pay attention to avoid risks and actively expand other areas.

[case]

Orders from $four million

Reduced to $two million

"When a friend from China asked me to purchase goods, the value of an order was always $4 million.

When my friend called me the day before yesterday, the value of an order had dropped to $2 million.

Our business is becoming more and more difficult. "

On the afternoon of November 29th, Aleyn, a businessman in Syria who was in Yiwu, saw the reporters pouring water.

Arin, 28, a Syrian who has been in Yiwu for more than 3 years, is now able to communicate with reporters in simple Chinese.

Among the more than 140 Syria businessmen who are stationed in Yiwu, arin is a big business.

Arin mainly makes jewelry.

Arlin told reporters that the situation in Syria has been unstable since March. Although his business has not been greatly affected, he has clearly felt that Syria merchants are more cautious when purchasing goods in Yiwu.

At present, the most common practice is to minimize the purchase of large orders, decompose the original large orders, and reduce the quantity of goods purchased each time, so as to prevent the business risks that may be brought about by the political turmoil in the Middle East.

After the Arab League decided to impose economic sanctions against Syria in November 27th, arin was very worried that goods from Yiwu to Syria could not be delivered smoothly.

In the morning of November 29th, he made a special call to friends in Syria. As a result, friends said that the trade flow between Syria and China was still very smooth and goods arrived.

However, as the situation in Syria is not clear, he is still worried that his business will suffer.

Like arin, Aramsh, a businessman from the Middle East, is also disturbed by the upheaval in the Middle East. Ami Rush.

He is a Jordanian who came to Yiwu two years ago and now mainly deals in auto parts business.

He said that the goods he had previously purchased were mainly pferred through Dubai and then sold to Syria, Saudi Arabia and Lebanon. Now that the situation in Syria was unstable, he had stopped trade in Syria and did business in Saudi Arabia and Lebanon.

He told reporters that the number of orders in the Middle East continued to be volatile compared with last year.

[data]

1~10 exports to Yiwu fell 1.87% in the Middle East

According to statistics from Yiwu customs, total exports of goods exported by Yiwu customs in 1~10 months this year amounted to 7 billion 524 million US dollars, up 8.42% compared with the same period last year.

From the perspective of exports, the Middle East, the European Union and ASEAN are still the main destinations for the export of small commodities in Yiwu.

In the month of 1~10 this year, the exports of Yiwu commodities to Yiwu were 2 billion 621 million US dollars, accounting for 34.84% of the total exports, compared with 1.87% in the same period last year. Exports to the European Union accounted for 867 million US dollars, accounting for 11.52% of total exports, down 0.86% compared to the same period last year. ASEAN exports 697 million US dollars, accounting for 9.26% of total exports, up 35.2% over the same period last year.

In this year, 1~10 exported to Yiwu by Syria customs for 65 million 90 thousand US dollars, down 29.4% compared with the same period last year. The top three products of export products were mechanical and electrical products, glass products and plastic products. Of them, the export of mechanical and electrical products was 20 million 56 thousand US dollars, down 30% from the same period last year.

Due to the fact that the statistics of Yiwu customs in November of this year have not yet been released, it is not yet possible for journalists to understand the specific data of Yiwu's exports to Syria and the Middle East after the announcement of the economic sanctions imposed by Syria on November this year, especially in November 27th.

However, insiders predict that once Syria's situation deteriorates further, Yiwu's exports to Syria will inevitably be affected.

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[reminder]

Attention should be paid to avoiding risks in exporting to the Middle East

According to He Wenshuai, customs supervision department of Yiwu customs, the customs declaration procedures of Yiwu's small commodities exported to Syria and other Middle East areas are no different from normal ones.

However, Ho Wen Shu suggested that in view of the current turmoil in some Middle East countries such as Syria, the vast majority of traders should understand the situation of the country of destination and the changes in customs clearance policies before they export goods to the Middle East, so as not to cause the money to be two empty because of the turbulence of the local situation.

In addition, it is suggested that operators and exporters should try their best to insure export commodities, especially bulk commodities, to export credit insurance, so as to reduce the potential risks of commodity exports.

Yiwu city commerce and Industry Bureau responsible person also reminded that under the current situation, when undertaking the foreign trade orders in the Middle East, operators must pay attention to prevent contract risks.

Before signing the contract, try to understand the operation of foreign businessmen as much as possible, and try to cooperate with foreign businessmen who have been doing business in Yiwu for a long time.

If you do not understand the situation of foreign businessmen, you can know their business qualifications and credit conditions in the departments of public security, industry and commerce, avoid being cheated or suffer economic losses because of the political instability of the country of destination.

In addition, while continuing to consolidate the Middle East market, the majority of business operators should also actively expand the markets of other regions such as ASEAN, so as to effectively resolve the adverse effects of the turmoil in the Middle East on the export of small commodities in Yiwu.