Yiwu City, Zhejiang Province gives full play to its advantages in linking the small commodity market to global trade, strengthens Yiwu’s global commodity accessibility capabilities, continues to upgrade logistics services, innovates customs clearance models and facilitates foreign exchange settlement models, helps enterprises reduce costs and increase efficiency, and enhance global influence.
In 2025, the city’s cross-border e-commerce transaction volume will reach 165 billion yuan.
The main experience and practices are as follows:
First, innovate the “cargo group + sea and land express” shipping model to promote logistics cost reduction and efficiency improvement.
Focusing on the needs of Yiwu cross-border e-commerce for small orders, high frequency, and high timeliness, we innovate the “consignor” freight method to improve the efficiency of commodity exports.
In 2025, Yiwu’s “consolidated overseas” e-commerce goods will account for more than 20% of total exports.
Promote the integration and innovation of “cross-border e-commerce + market procurement”, open a “cross-border e-commerce + express ship” fast channel at sea, and realize “express service, freight prices” for international logistics; innovate on land to create a new logistics transportation model of truck flights, use high-performance trucks for cross-border transportation of goods, take advantage of flexible routes and few transportation restrictions, and achieve “door-to-door” one-stop transportation in more than 40 countries (regions) including the United Kingdom and the European Union.
This innovative logistics model greatly meets the needs of cross-border e-commerce, allowing goods to be delivered to all parts of the world more efficiently and conveniently.
The second is to innovate the “inspect first and then ship” supervision model to promote customs clearance speed and efficiency.
For small-volume, high-frequency, and multi-variety consolidated goods, build a full-link digital intelligent supervision and consolidation warehouse for goods, develop a digital consolidation warehouse warehousing management system and enterprise service platform, and realize traceable supervision of the entire cargo process.
By arranging warehousing and supervision sites in the same area and moving the inspection process before shipment, it effectively solves practical problems such as difficulty in unboxing and packing of inspection goods, difficulty in finding goods, and difficulty in loading and replenishing goods. It improves customs clearance efficiency by 26% and reduces labor costs by 10%.
This innovative supervision model not only improves customs clearance efficiency, but also reduces the operating costs of enterprises, providing a strong guarantee for the development of cross-border e-commerce.
The third is to innovate the “system direct connection” foreign exchange collection and settlement model to promote settlement burden reduction and efficiency improvement.
Explore the “system direct connection” of foreign exchange collection and settlement business between commercial banks and cross-border e-commerce platforms, promote the direct connection between the bank system server and the back-end server of the cross-border e-commerce platform, and realize multiple functions such as online account opening, authorization, foreign exchange collection and settlement, and business inquiry through transaction data exchange.
Currently, it is directly connected to multiple overseas e-commerce platforms to provide foreign exchange collection and settlement services for cross-border e-commerce customers, with services covering 185 countries and regions around the world.
As of the end of 2025, a total of more than 2,800 merchants have signed contracts, and the transaction volume has exceeded 2.7 billion yuan.
This innovative foreign exchange collection and settlement model simplifies the settlement process, reduces the company’s settlement costs, and improves the efficiency of capital use.
These innovative measures taken by Zhejiang Yiwu in the field of cross-border e-commerce have provided valuable experience to other regions and laid a solid foundation for Chinese products to better go global.
I believe that in the future, Yiwu’s cross-border e-commerce development will achieve more brilliant achievements, driving more Chinese products to shine in the global market.
