Sourcing glossary
Market procurement trade
Also known as: 1039 export, Customs code 1039, 市场采购贸易, 시장구매무역
A Chinese export customs regime (supervision code 1039) for goods bought in approved wholesale market clusters such as Yiwu, with simplified declaration and a cap of USD 150,000 per declaration.
The regime is governed by China Customs (GACC) Announcement No. 221 of 2019. It lets eligible exporters ship mixed goods from many small market vendors on one declaration, even when the vendors cannot issue VAT invoices; the vendors' exports under this regime are VAT-exempt. That is why many consolidated shipments from Yiwu are declared under 1039.
For you as the importer, it mainly affects how the goods are declared on the Chinese side. Your import clearance, duties and product compliance at home are unchanged, so you still need an accurate commercial invoice and packing list. See buying from Yiwu without visiting.
Related terms
Guides that use this term
Suppliers
China's Biggest Wholesale Markets: What Each Sells and Which One to Visit
The wholesale markets that matter for importers, by product: Yiwu International Trade City, Guangzhou's clothing, bag and toy districts, Huaqiangbei, Keqiao and Guzhen.
Updated 2026-10-14 · 6 min read
Suppliers
China Sourcing Agent: What They Do, What They Cost and When You Need One
What a China sourcing agent actually does, the four types you will meet, typical fees, when an agent beats buying direct, and a checklist to vet one before you pay.
Updated 2026-10-14 · 8 min read
Yiwu
How to Buy from the Yiwu Market Without Visiting
How overseas buyers source from Yiwu remotely: agents, video-call booth tours, the Chinagoods platform, consolidation warehouses, payment, QC and the main risks.
Updated 2026-09-29 · 7 min read
Yiwu
Yiwu Sourcing Agent Fees: How Agents Charge and What to Compare
How Yiwu buying agents charge: commission ranges, flat and per-container fees, what is included, hidden markups, red flags and how to compare quotes fairly.
Updated 2026-09-19 · 5 min read
Part of Yiwu Market.