In the first seven months of this year, Xuchang's market's procurement and trade exports increased by 5.1 times year-on-year, and new business models stimulated new vitality in foreign trade
On August 26th, the reporter learned from Zhengzhou Customs that in the first seven months of this year, Xuchang's market exported 910 million yuan through procurement trade, a year-on-year increase of 5.1 times. Among them, the export of hair products was 490 million yuan, accounting for 53.8% of the total export value of this trade method, an increase of 48.6 percentage points compared to the same period last year.
60% of wigs worldwide are made by Xu Chang. Relying on a strong industrial foundation, Xuchang's hair products have a strong development momentum in foreign trade, becoming a true "wig capital of the world".
In the past, many local small and medium-sized enterprises were limited by scattered orders, complicated export procedures, and poor foreign exchange collection, which prevented them from fully unleashing their export potential. The China (Xuchang) International Hair Products Trading Market has effectively overcome development bottlenecks. As the fifth batch of national level market procurement and trade mode pilot projects in Henan Province, China (Xuchang) International Hair Products Trading Market has tailored a new trade mode for "multi variety, multi batch, and small batch" commodity exports. As long as the value of a single commodity is below 150000 US dollars and it is declared for export through market procurement trade, it can enjoy convenient measures such as value-added tax exemption, simplified declaration, and flexible foreign exchange settlement, which are very suitable for our small and medium-sized enterprises, "said Zhang Junliang, the customs manager of Xuchang 1039 International Trade Service Company.
Since its implementation in 2020, this national pilot program has adhered to innovative exploration, continuously enriched export categories, and expanded market territory. As of now, the Xuchang market procurement and trade pilot has recorded more than 1200 types and 28000 items of goods. The export products have expanded from hair products to diverse categories such as automotive parts, lighting fixtures, toys, textiles and clothing. The export destinations cover more than 170 countries and regions, and the cumulative number of registered enterprises has exceeded 2100.
Strengthen collaboration among multiple departments, continuously optimize the business environment, and actively assist enterprises in overcoming difficulties. It is reported that the local government actively promotes policies that benefit enterprises and sets up service windows to provide one-stop convenient services such as policy interpretation, consultation and answering questions, and business guidance for enterprises, guiding more small and medium-sized enterprises to leverage new business formats to expand their export trade.
In the first seven months of this year, Xuchang City added 464 newly registered market procurement and trade enterprises, a year-on-year increase of 1.8 times, "said Wang Meng, Deputy Director of Xuchang Customs. The next step will be to continue optimizing regulatory services and reducing institutional costs for enterprises. At the same time, we will also guide specialty products such as wooden products, bee products, and pre packaged food to expand exports through market procurement and trade, fully utilize new formats and models, and stimulate new potential in foreign trade.