The Yiwu Market, also known as the Yiwu International Trade City, is the world’s largest wholesale market for small commodities. Located in the city of Yiwu, Zhejiang Province, China, it covers an area of over 4 million square meters and houses over 75,000 booths selling a wide variety of products, from toys and electronics to clothing and jewelry.
The market is divided into five main districts:
– District 1: Toys, gifts, and stationery
– District 2: Hardware, electrical appliances, and building materials
– District 3: Textiles, clothing, and accessories
– District 4: Bags, luggage, and shoes
– District 5: Food, beverages, and snacks
The Yiwu Market is a major hub for international trade, with buyers from all over the world coming to purchase goods. It is estimated that over 1 million people visit the market each day, and the annual turnover is in the hundreds of billions of dollars.
The market is also a major employer in the region, with over 200,000 people working in the market and related industries. It is a major contributor to the local economy, and has helped to make Yiwu one of the wealthiest cities in China.
Despite its size and importance, the Yiwu Market is relatively unknown outside of China. This is due in part to the fact that the market is primarily focused on wholesale trade, and most of the products sold there are not available in retail stores. However, the market is becoming increasingly popular with tourists, who come to experience the unique atmosphere and to purchase goods at wholesale prices.