Bella is a local Chinese. This article will provide you with the complete guide to YiWu markets for Wholesale and any other business purpose.
YiWu, a Chinese global market, is located in Zhejiang Province. This city is a popular tourist destination and a commodities hub. YiWu’s wholesale market is home to a wide range of high-quality, but affordable commodities. It has been called the “Banner of China’s Market Economy”. It is the world’s largest wholesale market for daily goods.
What You Need to Know About YiWu Market
YiWu China Commodity City covers an area of 6.4 Million Square Meters and has 75,000 booths. This market has 100,000 suppliers who display approximately 400,000 types of products. YiWu is home to more than 15,000 foreign merchants representing over 100 countries. These products are exported to 65 percent of the 210 countries around the world. The YiWu professional market is ranked number one for the past 30 years.
YiWu is an e-commerce support company that optimizes the environment for ecommerce and provides support to the entire ecommerce industry. Statistics show that YiWu’s e-commerce transactions have exceeded 250 billion yuan. This is equivalent to 32 billion dollars.
This growth could be attributed to the active response of the city to the Belt and Road Initiative. The 34 countries and regions covered by freight rail routes were launched from YiWu, including London and Central Asia.
The Largest and Best YiWu Wholesale Markets
YiWu is more like a large fair than a market. This is because of the many foreign businessmen and procurers that this multicultural city attracts.
The YiWu wholesale marketplace is different from other open markets in that it is open throughout the year, except for Chinese Spring Festival (also known as Chinese New Year). The last Spring Festival was held between 26 January and 20 February. It’s not a busy time for the country so it’s best to go two weeks before or two weeks after the Spring Festival if you want to visit YiWu. Avoid visiting public holidays like the Tomb Sweeping Day on the 4th of April. Nearly all shops will be closed that day. You should also avoid visiting on holidays such as the 1st May, which is Labor Day, and the 1st October which is National Day Holiday.
You shouldn’t be there before 9:30 AM on weekends. When most shops are open, 10:00 am is the best time to go to the market. On weekdays, the market is open from 8am to 5pm.
YiWu has many wholesale market. These are the most well-known ones:
i. YiWu International Trade Market
YiWu’s international trade city, YiWu, is home to one of the largest wholesale markets. Because it is located in Futian, it is sometimes called the China Commodity City or the YiWu Futian Market. This market is often called the “YiWu wholesale market” by foreigners.
ii. YiWu Huangyuan Clothing Market
You will find clothing, suits, uniforms and scarves here.
iii. YiWu Furniture Market
You will find lights, chairs and sofas, as well as drawers, tables, tables, doors, bookshelves and fireplaces.
vi. YiWu International Capital Goods Market
You will find business logistics equipment, industrial electric accessories, printing, and packaging materials here. You will find kitchenware, food processing machinery and power generation fittings on the second floor. You will find lamps and lanterns on the third floor. On the fourth floor, leather products as well as raw leather.
v. YiWu International Trade City
YiWu Wholesale Market is the only wholesale market as well-organized and planned. YiWu International Trade City has been a pioneer in its field and is one of the best in the world. You will find modern amenities like automatic roof windows and rain collection systems.
The product categories of the regions are listed below. These include toys, electronics and jewelry as well as apparel and sports equipment. To make it easier for you to locate what you are looking for, we have divided the products into different districts.
District 1
The 4-story building was constructed in 2001. It was inaugurated on 22 October 2002. It has more than 10500 shops and covers 340,000 square metres. The majority of sellers don’t speak English. They understand the word “how much” and use their calculators to show the cost of the goods. You will need an interpreter if you want to communicate further.
There are banks and vending machines in this district, as well as fast-food restaurants such as Pizza Hut, McDonalds, Burger King, and McDonalds.
Over 70% of the products found here are export-ready. However, they do not accept international credit cards and prefer that you pay in cash. The shops are open from 9am to 5pm.
The 1st Floor is filled with toys of all kinds, including inflatable toys and plush toys.
The 2nd floor houses head ornaments and jewellery
The third floor houses ornament accessories, picture frames and tourist art & crafts, decoration craft, festival craft, porcelain and crystal.
On the 4th floor, there are big showrooms that house factory outlets.
District 2
The building, which has five stories and covers 600,000.00 square meters, was inaugurated on 22 October 2004. The building has over 10,000 shopfronts, which are arranged from floor one through floor three. The stalls are open daily from 9:30 a.m. to 5 p.m.
District 2 is just like District 1. It also contains banks, restaurants and telecommunications companies.
You will find suitcases, bags and umbrellas on the 1st floor.
The 2nd floor houses vehicles, hardware tools and fittings, as well as electrical accessories and locks.
The 3rd Floor has electronic and telecom products, small appliances for the kitchen and bath, batteries, lamps and flashlights, clocks & watches, and shavers.
This floor also houses large showrooms and factory outlets. This floor also houses the South Korean Mall, Hong Kong Mall and Sichuan Mall.
District 3
The district is made up of five stories and more than 7,000 shopfronts. It covers 460,000 square metres. The stalls can be accessed from 9:45 to 4:45 pm.
As follows, different industries are placed on different floors:
The 1st Floor has stationery and office supplies such as paper, ink, pen, and paper.
On the 2nd floor, you will find sporting goods
On the 3rd floor, buttons and zipper outlets are available as well as other accessories.
The fourth floor houses travel products as well as cosmetics & beauty outlets
District 4
This is the most powerful and best-bred area. It covers 1,008,000 square metres and was officially opened 21 October 2008. The district is home to more than 19,000 shops, which mainly sell textiles. They are open from 9:45am until 4:45pm.
Socks are available on the 1st floor
The 2nd floor contains general merchandise, grocery products, consumables and supermarket products. It also has gloves, hats and other knitted items.
On the 3rd floor, you will find sewing threads and tapes as well as shoes, shoelaces and neckties, wool yarn, towel, buckles and other textile accessories.
On the 4th floor, you will find shawls and belts, scarves or bras as well as other innerwear.
District 5
This 5-story building was built in May 2011, and is the youngest. The district has over 7,000 shops and covers 640,000 square metres. It cost more than 218 billion dollars. These shops are open from 10:00 am to 4:30 pm.
On the 1st floor, you will find imported commodities, an African products exhibition centre, jewellery, handcrafts and clothing.
On the 2nd floor, you will find bedding and DIY products
The 3rd Floor has needle water fabrics and knitting raw materials. It also houses textile raw materials.
The fourth floor contains auto accessories, parts for cars and motorcycles, hotel supplies, ceramics and glassware, as well as pet products.
Which Famous Fairs in YiWu Should You Visit?
YiWu hosts a variety of exhibitions from time to time. The YiWu exhibit is often referred to as the miniature Canton. Both of these events occur at the same time, with the YiWu exhibit starting shortly after the Canton fair has ended.
This is a list listing all exhibitions that will be held in YiWu in September.
i. Exhibition of the Belt and Road YiWu Sports Industry
ii. China Art and Frame Expo
iii. China Auto and Motorcycle Parts Show
iv. China YiWu International Commodities Fair
Expo v. China YiWu International Manufacturing Equipment Expo
vi. Belt and Road Initiative Glasses and Eye Care Products Fair
vii. The 14th YiWu Cultural Products Trade Fair
Which YiWu agents are the best to help you with export business?
YiWu is home to many agents, making it difficult for individuals to locate a trustworthy and reliable company. You cannot underestimate the impact of a bad agent on your business if you make a mistake.
It is important to choose a reliable agency if you are planning on visiting YiWu. Agents typically charge between 5-10% for their services. These are the top YiWu agents you can choose:
i. CCC Trading
YiWu China Commodities City Trading Co. Ltd. is the oldest and largest professional international trading company in YiWu. The company has 30 export and import departments and is registered with five millions RMB. Export and import turnover is greater than 190,000,000 US dollars.
CCC Trading Company Ltd has 218 employees. The team is strong and works hard to meet the needs of its customers with professional knowledge, effective work processes, and their expertise. To achieve a balance between price and quality, employees can work within strict guidelines.
ii. YiWu Amanda Intl Group
This company is your reliable and trustworthy YiWu sourcing agent. They help you source YiWu wholesale products and export internationally. They will search for the right products, prices and organize samples for you. They discuss the product specifications, market protection and payment terms before the sample is made. The agent inspects the sample for quality control.
YiWu Amanda Intl Group consolidates the goods of different suppliers and loads them into a container. It can also prepare the shipping documents and clear customs.
iii. YiWu JinJack Import & Export Co.
This company is a member the Good Four Group. It was registered under the YiWu AIC in 2009 with company ID 330782200 0124 638. Their annual turnover has reached USD 10,000,000. They have assisted more than 300 visitors worldwide. They are primarily customers from Europe, America, Australia.
People are the greatest asset of this company. Their mission is to “A Good YiWu Agent”, but their business foundations are:
* People who are good
* Excellent Service
* High Quality Product
* Excellent Price
iv. YiWu Hopeful
This company has over 20 years of experience helping businesses import from YiWu Market safely and easily. YiWu Hopeful can be your business agent, but they also serve as your life coach. They can advise you on the best time for you to visit China as a business traveler and set up meetings with potential suppliers before your trip.
v. Ideas Sources
This company provides a single-stop shop for customers who wish to purchase products from YiWu Wholesale Market. Their large network of qualified suppliers throughout China provides free product sourcing. Idea Sources doesn’t charge upfront fees, but charges only after customers are satisfied with their services. They can help you pick up goods from different factories, and even repackage them if needed. To reduce shipping costs, they will store your package in their warehouse.
Identify Your Needs if You Really Need A YiWu Agent.
You will need an agent for the following reasons:
i. The agent will arrange everything for you in China, including an invitation letter, visa arrangement and travel ticket arrangement. They also make hotel reservations, pick-up at the airport and check-in at your hotel. Once you feel at home in your hotel, the agent will take you on a tour of YiWu.
ii. Because most shop owners in YiWu Market do not speak fluent English, they act as translators. The agent may be able to negotiate discounts for you if you are lucky.
iii. They will collect all your goods and then ship them together in one container.
iv. They manage your export procedures. They handle all aspects of export procedures, including inspection, delivery and customs clearance. This allows you to concentrate on purchasing your products.
FAQs about YiWu Wholesale Markets
Where can I book a great YiWu hotel?
You will likely need to spend several days if you are going to YiWu’s wholesale market. YiWu offers many great accommodations, apartments, villas and resorts at great rates.
This list includes websites that allow you to compare prices and book accommodation quickly. These websites offer 24 hour customer service and don’t charge booking fees.
i. Booking.com
ii. Hotels.com
iii. Luxuryhotelguide
iv. Trivago
How do I get to YiWu from Shanghai?
Distance between YiWu, China and Shanghai is 280km. There are no flights between these cities. You can travel from YiWu into Shanghai by high-speed train. It takes approximately 2.5 hours to complete the journey. The journey from YiWu, Shanghai to Shanghai takes about 2.5 hours. A long-distance bus takes approximately 4 hours from YiWu to Shanghai. If you prefer to travel alone and comfortably, this is not an option. However, this will be too costly and could cost you as much as CNY 11.5500.
How do I get to YiWu from Guangzhou
YiWu can be found 1,173 kilometers from Guangzhou. Visitors must first travel to Guangzhou, Shenzhen or Shanghai before they can fly to YiWu.
It is possible to travel to YiWu by plane, train or bus from Guangzhou. By air, it takes about 2 hours to reach YiWu. A fast-speed train takes about 6-7 hours. A long-distance bus journey takes approximately 26 hours.
How can I know the YiWu weather in advance?
You can find several websites that provide weather forecasts for YiWu over the next two weeks. These websites provide detailed information about the morning, evening, night, and night weather for 15 to 25 days. These websites are great for planning your YiWu trip ahead of time. These sites include:
ii. Meteo Prog
iii. Accuweather
What are the Best YiWu Wholesale Market Products
YiWu wholesalers offer a wide range of products. They can match any price target and adjust the quality accordingly. It is important to communicate your quality requirements. YiWu wholesale products are not counterfeit. Since the market is not open to fake goods, it is prohibited from selling them. YiWu wholesalers don’t sell brand-name products. Any international brands you might find here are also not authentic.
