The first freight train from Xi’an, China to Budapest arrived in Budapest on Friday [21 April 2017]. “The arrival of the train is the symbol of the revival of the old Silk Road from an economic aspect,” Deputy Secretary of State Tamas Molnar, who is responsible for customs and international affairs of the Ministry of National Economy, said at a welcoming reception of the train…Full Article: Apr 2017

Key Point

  • The freight train traveled from Xi’an to Budapest via Kazakhstan, Russia, Poland, and Slovakia. Its cargo primarily consisted of clothing and electronics from Yiwu, Zhejiang Province.

ChinaAg Comments

  • In February 2017, trains carrying Chinese cargo arrived in Budapest via a combination of shipping and land routes. The shipment’s sea route runs from China’s Port of Ningbo (near Shanghai) to Greece’s Port of Piraeus (near Athens), while its land route (railway) runs from Athens to Budapest. The route takes a total of 26 days from Ningbo to Budapest.
  • In January 2017, a freight train from Yiwu, Zhejiang Province, arrived in London.
  • In November 2016, freight train service from Yiwu, Zhejiang Province, to Riga, Latvia (via Russia) began operation.
  • In September 2016, a cargo train route from Yiwu, Zhejiang Province, to Mazar-i-Sharif, Afghanistan, began operating.
  • In January 2016, Shanghai imported China’s first shipment (12 MTs) of Hungarian (frozen) beef.
  • In October 2015, China and Hungary signed a beef trade agreement.
  • In June 2015, China and Hungary signed a Memorandum of Understanding (MOU) within the Silk Road Belt and 21st-Century Maritime Silk Road initiatives. Hungary was the first EU country to join China’s Silk Road network.
  • Zhejiang China Commodity City Group (CCC Group) manages the Yiwu Market, a commodity market that primarily focuses on consumable and durable goods.

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