At the ongoing Yiwu Fair, many exhibitors said that the strong price-performance ratio of Chinese products has given them the confidence to expand overseas, despite the impact of U.S. tariff hikes.
The first overseas exhibition of the 2025 China Yiwu International Commodities Fair, also known as Yiwu Fair, is being held from Thursday to Saturday in Jakarta, capital city of Indonesia.
"In the past, our Yiwu enterprises used to sit at home and wait for customers to come to us. Now, due to U.S. tariffs, we are being pushed to go abroad. I believe now is the right time to go out. Many customers have come to the fair and made purchases. Although the orders are not large in quantity, the total transaction volume is still quite significant," said Wu Guojie, a Yiwu exporter.
This year, Yiwu plans to organize more than 20 "going abroad" groups involving over 1,500 enterprises, aiming to attract more than 1 million buyers.
"The Yiwu Fair in Indonesia is our first overseas stop, and we will then hold fairs in Mexico, South Korea, Russia, and other countries," said Xu Chengzhi, Secretary of the Board of Yiwu China Commodity City Exhibition Co., Ltd.
To cope with exchange rate risks caused by recent fluctuations in the U.S. dollar index, a growing number of Chinese exporters have begun using the Chinese yuan for cross-border settlements. At this fair, several booths are dedicated to providing cross-border financial services for exporters.
"I think there is still significant room for growth in Indonesia, and we see great opportunities in cross-border settlement," said Wang Xinyue, an exhibitor offering cross-border financial services.
Yiwu exporters confident in expanding overseas despite US tariff pressure
