If you are an experienced dealer, I believe you must search for suppliers on Alibaba, Google or other websites or have participated in some exhibitions in China. I’m sure you remember the Yiwu market too. Yiwu Wholesale Market is the largest wholesale market in the world. Here, you will find thousands of wholesalers offering various products at the lowest price. This article will introduce to the majority of dealers to the 9 things you must know when you come to the Yiwu market. Please mark, maybe you will use it recently!
Please read on. Whether you are a beginner or an experienced dealer, easy to get is not a problem!
There are many wholesale markets in the city of Yiwu. However, Yiwu International Trade City is the largest market – and is often mentioned when talking about the wholesale market in Yiwu. With 1.8 million items, nearly 100,000 sellers, hundreds of thousands of producers and almost a million buyers, the Yiwu market covers 219 countries and regions around the world. Here, you can almost buy the desired small commodities, toys, accessories, handicrafts, bags, tools, electronic products, learning sports goods, daily groceries, etc. in various styles. China Yiwu International Trade City has complete supporting facilities, beautiful environment and powerful service functions. Yiwu Market is equipped with central air conditioners, freight elevators, elevators, internal viaducts, large parking lots and other facilities. Cars can directly enter each floor of the market, and a professional foreign service center is equipped.
The first step in deciding to visit Yiwu Market is to find out the traffic routes. Mark the following content, which may be useful to you!
First of all, there are no international flights to Yiwu. The easiest way is to take a flight to Shanghai and then spend about 2.5h on the high-speed train to Yiwu railway station, where you can choose to buy train tickets off-line at Hongqiao high-speed railway station.
Next, If you change planes in Guangzhou, Beijing or Hangzhou, it is very convenient. You can also choose high-speed rail!
In addition, whichever hotel you stay in is close to Yiwu Market, basically keeping it to a 30-minute drive. Getting around Yiwu is fairly easy, you can write down where you want to go on a blank piece of paper or in a memo on your phone and a taxi driver will take you to your destination. If you have hired an agent in Yiwu, they will usually pick you up and drive you around the various wholesalers.
As China’s largest wholesale market for small commodities, Yiwu Market is popular all year round, and the market here has a high flow of people every day. What time does the Yiwu wholesale market opening hours open? Especially the first time to Yiwu to buy goods dealers on the market opening hours must be clear.
Yiwu Market is open from 8:00am to 5:00pm, all year round, except for the Chinese New Year. However, the prosperous market in Zone 1 usually closes at 5:30.
The district 1 of Yiwu International Trade City was officially put into use on October 22, 2002. The market covers an area of 420 acres, with more than 10,000 business entities.
District 1 mainly sells flowers, toys, headwear, jewelry, decorations, handicrafts and other products. For specific products sold on each floor, see the following table for classification:
It is particularly emphasized that the fourth floor is the direct marketing center for production enterprises. At present, there are characteristic blocks such as Taiwan Business Hall, Dehua District of the Southern Porcelain Capital, and Shenzhen Original Gift District, gathering domestic high-end handicraft manufacturers such as craft ceramics, crystals, and colored glaze.
The district 2(F, G) of the International Trade City was opened on October 22, 2004. The market covers an area of 483 acres, with more than 8000 businesses and more than 10,000 business operators. You can buy bags, umbrellas, hardware accessories, clocks and watches and other products here. See the table below for details:
In addition, the second and third floors of the central hall of the market are equipped with a centralized procurement center and a history exhibition hall of Chinese small commodity development; The east auxiliary room is equipped with industrial and commercial, tax, police station, bank, catering, logistics, postal, telecommunications and other functions and service agencies; The market is equipped with business buildings, office buildings, four-star hotels and two squares in the east and west. Free loop buses are available.
The district 3 of the International Trade City was put into use in September 2005. It is located in the north of the International Trade City, with a building area of about 460000 square meters and more than 8000 business households. It mainly sells stationery, paper products, glasses, learning and sports goods, cosmetics, clothing accessories, decorative painting etc.
The facilities in the market are advanced, the environment is beautiful, and the supporting service facilities such as accommodation, catering, and entertainment are all available. Welcome to your arrival!
The district 4 of the International Trade City is the sixth generation market of Yiwu China Small Commodity City, with a construction area of 1.08 million square meters, more than 16,000 commercial positions, and more than 20,000 business entities.
Here, you can choose from a variety of socks, hats, scarves, underwear, neckties, etc. See the table below for details:
The district 4 of the International Trade City applies the advanced design concept of the current international large-scale commercial center and integrates a number of high-tech technologies. It is a landmark building for the modernization of Yiwu market.
The market covers an area of 266.2 acres, with a total investment of 1.42 billion yuan, and is divided into five floors above ground and two floors below ground, with more than 7,000 commercial spaces, mainly dealing with imported goods, bedding, textiles, knitting raw materials, automotive supplies and accessories, etc. The market has a dedicated online business service area.
The district 5 of of the International Trade City incorporates the advanced concepts of international large commercial centers and is a modern and international level global commodity wholesale trading market in China.
Some customers are very doubtful that the same product is comparable to the quality, but the price of products in the Yiwu market is always lower than that of other suppliers. Why can Yiwu market maintain such a low price? There are four reasons to explain it. Please look down, reveal the secret moment!
Yiwu and its surrounding areas form the largest private/household factory base in China, so factories pay for electricity and water at residential rather than industrial rates.
Many factories come together, including many large ones, and the scale effect shows its power. As a result logistics costs and marketing costs are reduced. The prices of parts, accessories, materials and even production lines are greatly reduced.
As Yiwu market has become the largest wholesale market for daily necessities in the world, more and more factories want a piece of the cake. The brutal competition has finally brought 2-3% profit margins for many products.
The rapid development of Yiwu’s foreign trade cannot be separated from the support of the government. Yiwu opened its free market back in 1982, which was one of the first free markets in the whole of China. Over the past 30 years, the Yiwu government has invested almost all of its money and energy in building the market.
Guangzhou, Ningbo and Shanghai are all large coastal cities in China and their ports give them an export advantage. These areas also have a relatively large number of trading companies who are very professional and offer a range of services.
In contrast, Yiwu has no port of its own, the nearest port being Ningbo.
Shanghai, Guangzhou, Ningbo and Yiwu all have their different strengths in the industry chain, such as Guangzhou’s clothing, luggage and footwear markets, which are scattered all over the city. But Yiwu has a higher concentration of all product categories in one market.
Ningbo does not have a market like Yiwu’s and its comparative advantage is its port.
The Canton Fair in Guangzhou and the East China Fair in Shanghai are very well known. Nowadays there are import fairs in Shanghai and Yiwu Fair in Yiwu. It is said that the fairs are complementary to the market and facilitate buyers to find suppliers.
Buyers intending to purchase products from Yiwu Market with the help of an agent, then the commission rate is something that all buyers should know beforehand. But confusingly, the quotes they get vary greatly from agent to agent, and even within the same agent from person to person. This article will provide you with some basic ideas on the different commission rates in Yiwu.
If you learn that some Yiwu agents only charge 1% commission, it means you are about to enter their trap. Some of them even imply that their services are so cheap that you can get them almost completely free. This is a classic ‘bait and switch’ tactic: offering something that seems so irresistible that you can’t resist clicking on their website and contacting them.
The commission ratio is relatively reasonable between 3% and 10%. As for the specific proportion, it depends on what you bought, how you bought and how much you bought. If you need to customize most products, the commission rate will definitely be higher.
What if it is inconvenient to find goods offline? Don’t worry, there is a website where you can purchase goods online!
Yiwugo is the official website for small commodities in Yiwu, with functions similar to 1688 websites. It is a magic tool for finding goods in Yiwu market. It is convenient and fast, with complete shops. Covering Yiwu International Trade City from District 1 to District 5, Huangyuan Market, and International Means of Production Market, it has a unique 360 ° store panorama display, image search, intelligent recommendation, map positioning, etc. In this way, taking customers to the market can save time costs. For more information, please click: https://www.yiwugo.com/.
Yiwu Huangyuan Garment Market is located in the most prosperous Xiuhu Business District in Yiwu, with a total area of 117 mu. The layout of men’s clothing and leather clothing from the 1st to the 5th floor of Huangyuan Garment Market; Women’s wear; Children’s wear; Cowboy Pants; Pajamas, sweaters, sportswear and shirts are divided into 5 business categories. As a professional clothing market, the market positioning is a professional clothing market, in line with the development trend of internationalization, branding and diversification of the market.
Yiwu Furniture Market is located in the core area of Yiwu City West. It is the only government-approved furniture market in Yiwu, covering an area of 80 acres with a total construction area of 16,000 square meters. It is the modern furniture market with the largest scale, highest grade, best environment and complete supporting facilities in Zhejiang Province. Yiwu furniture market is complete with high, medium and low grade products, wholesale and retail, domestic and foreign trade.
The ground floor is for ordinary civil furniture and office furniture; the ground floor is for sofas, upholstery, rattan, hardware and glass furniture and supporting service areas; the first floor is for modern panel and children’s suite furniture; the third floor is for European, classical, mahogany and solid wood furniture; the fourth floor is a wonderful space for operating fine furniture; the fifth floor is for solar fabric carpets wallpaper, etc.; the first floor of the ground floor is for operators to support parking.
The Dongyang Redwood Furniture Market was established in 2008 as an early market for redwood furniture in Dongyang, with a total business area of 120,000 square metres. The Dong Yang Redwood Furniture Market is home to brands such as Da Qing Hanlin, Nian Nian Hong, CITIC Redwood, Dupont Redwood and Dong Yi Redwood. It is 9 km from Yiwu Market and takes about 20 minutes to drive.
Zhejiang Yongkang China Science and Technology Hardware City is the largest hardware professional market in China and the third in the world. Founded in 1992, China Science and Technology Hardware City covers an area of 66 hectares, with a construction area of over 600,000 square meters and more than 5,000 business shops.
It brings together tens of thousands of hardware products and related products such as daily-use hardware, construction hardware, tool hardware and electromechanical products, metal materials, machinery and equipment, decorative materials, etc., radiating from China and more than 50 countries and regions such as Russia, the United States, Canada, Brazil, Australia, Japan, etc.
It is 66km away from Yiwu Market and takes 1.5 hours by car.
Ningbo Greentime Imp & Exp Co., Ltd is an excellent foreign trade company that provides professional services, a member of Sellers Union Group. Based on Yiwu international market and 20 years experience, we are specialized in Yiwu agent business.
As long as you are interested in finding a reliable Yiwu agent, we are sure we will be the right one! Hopefully there is chance to cooperate with you.
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