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Exports

Guangzhou's Market Procurement Trade for Export of Pre-Packed Food Sees Significant Growth

Strategic Insights

— 1 min read

Guangzhou has seen a significant growth in the export of pre-packaged food through its market procurement trade since the pilot program was launched in February this year. As of the end of June, the value of pre-packaged food exported from various market procurement expansion areas in Guangzhou reached 26.483 million yuan. This low-cost and high-efficiency trade route has attracted businesses like the Dongwang International Food Wholesale Market, which has seen increased exports of pre-packaged food, including peanuts, potato chips, seasonings, candies, and carbonated drinks.

Key Takeaways:

  • The value of pre-packaged food exported from various market procurement expansion areas in Guangzhou reached 26.483 million yuan as of the end of June.
  • The market procurement trade for export of pre-packaged food has been in operation since February this year.
  • The export of pre-packaged food is of various types and small quantities per batch, with one customs declaration often involving dozens of pre-packaged foods.
  • Exporting through market procurement trade saves customs clearance cost of a single container by 6,000 to 10,000 yuan.
  • The Dongwang International Food Wholesale Market has shipped pre-packaged food almost every day since adopting the market procurement trade.
  • Wang Xin, general manager of Dongwang International Food Wholesale Market, estimates that exporting through market procurement trade is low-cost and high-efficiency.

Statistics:

  • 26.483 million yuan: The value of pre-packaged food exported from various market procurement expansion areas in Guangzhou as of the end of June.
  • 200,000 yuan: The value of a batch of pre-packaged food shipped to Thailand on July 14.
  • 6,000-10,000 yuan: The customs clearance cost saved per single container when exporting through market procurement trade.
  • Easy to refer to the original story: http://www.gd.gov.cn/gdywdt/ydylygd/content/post_4745329.html

Sources:

  • Guangzhou Customs
  • Guangzhou Municipal Government
  • http://www.gd.gov.cn/gdywdt/ydylygd/content/post_4745329.html

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