5 must-know facts about Yiwu market

If you want to learn about Yiwu, plan to visit the city for business or want to learn more about trading in China in general, then you will find this article quite practical. you will get correct information about Yiwu from several different aspects.

1. The world’s largest wholesale market
Having more than 6km long and showing a wide array of products, Yiwu International Trade Market is the largest wholesale market in the world,including hardware and jewelry. More than 500,000 foreign buyers come to the Yiwu market every year for business, while the city is home to mover 14,000 expatriates from more than 100 different countries.
The Yiwu market has over 70,000 booths. Each booth focuses on a certain product, making the market more like a huge trade fair rather than a retail shopping mall. Unlike other fairs, though, the Yiwu market is open all-year round except during the Spring Festival.

2. Are all booths in the market operated by manufacturers?
Most booths in the market are owned by individual businesses. Others are owned bv trading companies sourcing from a lot of factories. If you do not want to buy in large quantities, you may get better pricing deals from such trading companies rather than buying from a factory.
Some booths are owned by factories based in Yiwu and nearby cities, while some are located in Fujian, Guangdong or other provinces. These plants have between 10 and 1,000 employees.
If you are a first-time Yiwu visitor or do not have much importing information and experience, distinguishing if a supplier is an individual business, small workshop or large factory will be challenging. Most booths will claim to be manufacturers but do not trust them.

3. Are Yiwu products really of poor quality?
Some articles on the Internet claim Yiwu products are of poor quality and therefore cannot be exported to the US.  This is not true because of the two reasons:

yiwu market
Clientes do Oriente Médio comprando brinquedos

A. The term “Yiwu product” does not necessarily mean the product is actually made in Yiwu. As mentioned before, China has many industrial areas or clusters that specialize in a particular product. Many items in the Yiwu market are made in these hubs and then sent to Yiwu to be sold.
For example, there are suppliers of Christmas decorations, a Yiwu speciality,  so most Christmas products are produced in Yiwu, but you will find suppliers as well as in Shenzhen and other areas. However, the Shenzhen supplier may play a dirty trick by not telling you the products are manufactured in Yiwu, or even claim that what they sell is better than those actually made in Yiwu.B. The US is one of Yiwu’s top 3 importing countries and many high-quality products are shipped from China to the US every year. Yiwu also has some budget products targeted at developing countries, but it is simply not true to say that all Yiwu products are of poor quality.

4. What will you find in the Yiwu market?
Many say that one can find practically anything he needs in the Yiwu market. This, however, is not true. Small daily-use products such as toys and Christmas decorations are most common in the market. Yiwu is not the smart choice if you want to source fashion textiles, foodstuff and machinery. These can be sourced from Guangzhou or other Chinese cities with relevant industrial clusters.

5.How does Yiwu differ from Ningbo, Shenzhen and Guangzhou?
Ningbo, Shenzhen and Guangzhou are all big coastal cities in China, and their ports give them an exporting advantage. This is the reason why most large international companies set up their procurement or branch office there. The cities also host various professional trading companies that offer a range of services.
In contrast, Yiwu does not have its own port, relying instead on the Ningbo port, which is 20km away.

There is no such a market in Ningbo and the only advantage there is the port. While Yiwu ‘market, however, enables the city to gather a range of products in a single location. Shenzhen has a market but only for electronic devices. Guangzhou is a popular center for jewelry, clothing and other related items but the manufacturing hubs are located in different areas within the city, making one-stop sourcing difficult. We can even say that it is only during the Canton Fair when China suppliers gather in one location.
If you come to yiwu(GuangZhou) market, our company will offer you pick up service, hotel reservations, translation service and purchase agent. If you need more help, please Leaving a message and contact us.

Leave a Reply

Your email address will not be published. Required fields are marked *