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

01.13.2020

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
09.27.2021
Eurozone: Regaining growth momentum

The economic sentiment in the Eurozone is reaching new heights, suggesting the long-awaited recovery is finally gathering speed. But risks remain, including the spread of COVID-19 variants leading to new restrictions, and scarce input factors for the European industry.

Source:
Article
02.28.2022
Analysts announced the terms of the freight transportation market recovery

Cargo transportation by sea, road and rail in Russia will recover to the pre-pandemic level in 2022, analysts of the NKR predict. Passenger air transportation will return to these indicators only in 2024.