The Hunan Provincial Bureau of Statistics announced the latest data on August 23, 2021. It said that in 2020, there were 285 markets each worth 100 million yuan in Hunan, 18 less than the previous year. However, their turnover of commodities increased by 2.3% over the previous year, reaching 443.994 billion yuan. There were 7 commodity trading markets each valued over 10 billion yuan, 1 more than 2019. The commodity turnover was 263.568 billion yuan, accounting for 59.4% of the total.

Hunan’s commodity trading market has still achieved a qualitative improvement, despite the impact of the COVID-19 epidemic. The super large-scale market has developed rapidly. Last year, there were 53 commodity trading markets, each with a commodity turnover of more than 1 billion yuan. Their total commodity turnover was 367.79 billion yuan, accounting for 82.8% and 1.8 percentage points higher than 2019. The professional market occupied the dominant position. Hunan has 165 professional markets, with a commodity turnover of 202.775 billion yuan. They accounted for 45.7% of the total, which was much higher than the comprehensive market for agricultural and industrial products.

The construction of hardware facilities in the billion-yuan market has been strengthened. The market business area has exceeded 11 million square meters, an increase of 4.2% year on year. The numbers of indoor, open-air, and other markets were 219, 24, and 42 respectively. The indoor markets accounted for more than 76.8%, higher than that of 2019.

Statistics showed that a total of 27 categories of commodities are sold in the 100-million-yuan markets in Hunan province. Among them, the transaction of grain, oil, and food commodities was 166.251 billion yuan, a year-on-year increase of 10.1%, and accounting for 37.4% of the total turnover. Though the construction and decoration materials, furniture, electrical materials, household appliances, and automobile commodities had higher single product value, their total transaction volume was less than 100 billion yuan. There was still a lot of room for improvement in the operating level for the 100-billion-yuan markets in Hunan province.

This article is from Hunan Provincial Government www.enghunan.gov.cn. 

Translator: Yu Jiangjiang

Chinese source: hunan.gov.cn