China's small commodity hub plans to double cargo trains to Europe in 2020

13.01.2020

Yiwu plans to send 1000 cargo trains to Europe in 2020.

The eastern Chinese city of Yiwu, home to the world’s leading small commodities market, plans to send 1,000 cargo trains to Europe in 2020, almost doubling the number in 2019, according to the local government.

The China-Europe train service has developed rapidly in Yiwu since it was first launched in the city in 2014. In 2019, 528 cargo trains were sent, a 65 percent increase compared with the previous year.

The service now has 11 routes linking Yiwu with 37 countries and regions across Eurasia.

Yiwu has seen booming trade with countries along the Belt and Road, with exports expected to increase by 11 percent in 2019.

Analytics on topic
Article
18.11.2021
The Future of the EU Automotive Sector

This study provides an independent overview of the automotive industrial landscape in the EU. Specifically, the study assesses green and digital trends currently reshaping the automotive sector and provides recommendations considering the adequacy and consistency of ongoing and future EU actions.

Article
24.03.2022
International North–South Transport Corridor: establishment of the Eurasia’s transport framework

The Eurasian Development Bank has presented the new study, which formulates the idea of a Eurasian transport framework and assesses the potential of the International North—South Transport Corridor (INSTC) against the backdrop of new opportunities.