Yiwu International Trade City,Zhejiang,China,Yiwu China Small Commodity City
Yiwu International Trade City : Yiwu China Commodities City, sitting in Yiwu of Zhejiang since 1982, covers an area of over 6,400,000 m2 with 75,000 booths, 210,000 staff and 210,000 daily visitors. It sells 2.1 million items from 26 commodity categories. The UN, World Bank and JP Morgan have named it the “largest small commodity wholesale market” in the world.
The development history of Yiwu International Trade City
The development of Yiwu International Trade City can be traced back to the 1980s. During this time, Yiwu, a small city in Zhejiang Province, China, began to transform from a traditional agricultural and farming region into a booming hub for small commodity trade.
In 1982, the Yiwu Small Commodities Market was established, covering an area of about 4,000 square meters. This market served as a platform for local traders to sell various commodities to domestic buyers.
As the market gained popularity and attracted more traders and buyers, it expanded rapidly. In 1992, the market was relocated to a larger area, covering about 340,000 square meters. This new market was named the Yiwu International Trade City, signaling its growing importance in international trade.
Over the years, the Yiwu International Trade City continued to expand and develop. New buildings and sections were added to accommodate the increasing demand from both domestic and international buyers. Today, the market covers a massive area of over four million square meters, with more than 75,000 booths.
The development of Yiwu International Trade City was driven by various factors. Yiwu’s advantageous geographical location, with easy access to transportation routes and ports, played a significant role in attracting traders and buyers from all over the world. Additionally, the Chinese government’s support and initiatives to promote trade and open up the economy further fueled the growth of the market.
The market’s success can also be attributed to its efficient logistics and supply chain management. Yiwu International Trade City implemented modern facilities such as warehouses, logistics centers, and transportation services, to streamline the process of buying and selling goods. This made it easier for traders to source products and for buyers to find a wide range of goods in one location.
Furthermore, the market’s reputation for quality products at competitive prices, combined with its vast variety of small commodities, attracted a large number of international buyers. Yiwu International Trade City became known as the “world’s supermarket” for small commodities.
In recent years, the market has embraced digitalization and e-commerce, allowing traders to expand their reach beyond physical transactions. The establishment of Yiwu’s e-commerce platform, along with the integration of online and offline trade, has further enhanced the market’s global presence.
Overall, the development of Yiwu International Trade City is a testament to the entrepreneurial spirit and determination of Yiwu’s residents and the vision of local authorities. It has transformed Yiwu into a global trade center and contributed significantly to the economic growth of the region.
YiwuSell Group Corp. own 6 factories,products include vacuum flask/water bottle,Electric scooters/hoverboards,Sports Clothes(include yoga clothes,judo gi,running clothes,basketball clothes,soccer clothes etc.),a bag factory,a shoes factory,a light & lamp factory.
Yiwu Small Commodity City, also known as Yiwu International Trade City, is a famous wholesale market located in Yiwu, Zhejiang Province, China. It is considered the largest small commodities wholesale market in the world. The market covers a vast area, with over 75,000 booths spread across several buildings.
Yiwu Small Commodity City is known for its wide range of products, including household goods, textiles, toys, jewelry, accessories, stationery, cosmetics, and much more. It attracts buyers from all around the world who come to source products at competitive prices.
The market is organized into different sections or districts based on product categories. Each section is further divided into individual booths where vendors display and sell their products. The market operates throughout the year, with thousands of suppliers and buyers visiting daily.
Yiwu Small Commodity City has gained a reputation for its convenience, efficiency, and extensive variety of products. It offers a one-stop experience for businesses looking to source a diverse range of products in bulk. The market has also implemented modern facilities and services to cater to the needs of international buyers, including translation services, shipping assistance, and accommodation options.
Overall, Yiwu Small Commodity City is a bustling hub of international trade, connecting buyers and sellers from different corners of the globe and playing a significant role in the global supply chain of small commodities.
