中国东部的义乌拥有五个主要批发市场区，商业建筑群绵延数英里，其圣诞商品供应链为中国在2025年前11个月创纪录的$1trn贸易顺差作出贡献。

截至10月的10个月里，中国圣诞装饰品出口额为$5.1bn，低于2024年同期的$5.8bn，下降$0.7bn；美国导致了全部降幅且不止如此，从中国进口的节庆商品比去年少约$940m，同时对中国商品的关税虽较峰值回落仍为20%。

商家正将货运改道转向 Europe，对 Germany 的出口增长 22%，对 the Netherlands 的出口增长 16%；同时，一些商家将拆解后的货物经由 South-East Asia 转运，以重新贴标并转售进入 America。更广泛的地缘政治冲击（the war in Ukraine、the Israel–Iran flare-up）也被认为是 Russia 及 the Middle East 需求面临的风险。

Yiwu in eastern China spans five main wholesale-market districts stretching for miles, and its Christmas-goods supply chain feeds into China’s record $1trn trade surplus in the first 11 months of 2025.

In the ten months to October, China exported $5.1bn of Christmas decorations, down from $5.8bn in the same period of 2024, a $0.7bn drop; the United States accounted for all of the decline and more, importing about $940m less as tariffs on Chinese goods, though below their peak, still stand at 20%.

Merchants are redirecting shipments toward Europe, with exports to Germany up 22% and to the Netherlands up 16%, while some reroute disassembled goods through South-East Asia to relabel and resell into America; broader geopolitical shocks (the war in Ukraine, the Israel–Iran flare-up) are also cited as demand risks across Russia and the Middle East.

Source: The Christmas-industrial complex centres on Yiwu

Subtitle: How Chinese traders beat out Lapland’s elves

Dateline: 12月 18, 2025 10:55 上午 | Yiwu