Yiwu is Located in the center of Zhejiang Province in china. The city is well-known internationally for its commodity wholesale market. Yiwu is a county-size city that deals into 3, 20,000 kinds of commodities that fall in 1502 categories of 34 industries. United Nations, The World Bank and Morgan Stanley have also acknowledged Yiwu as the world’s largest market of small commodity wholesales.
In Yiwu, there are more than 200 yiwu business agencies established by the enterprise and businessmen from 40 odd countries and regions. In 2010 alone there were 9.40 Billion USD transactions in Yiwu market and 8.15 Billion USD transactions in 2009. The huge set-up has over 80,000 wholesale stalls and around 30 million products. There are at least 200,000 visitors in Yiwu market china every day.
Quality products, wide variety and of course cheap price of commodities make Yiwu wholesale market one of the most popular market among business community. On international front, it is highly appreciated for its quality products and wholesalers from all over the world approach Yiwu for sourcing products. In 2003 the trade volume of market reached 24.827 billion Yuan and USD 1.5 billion.
The city is well-connected with other cities. There is a wide network of railways, roadways to commute in and out of the city. International airport facilitates visitors with frequent flights to various places. It is just 2 hours away from Shanghai through train and just 150 km from Beilun Port, the world’s fourth largest cargo port.
There are around twenty markets in Yiwu, out of which some are located in the same premises itself. The main markets include art & craft market, yiwu jewelry market, bags and cases market, cosmetics and accessories market. There are different markets for kitchenware, toys, stationery, scarf and shawls, watches and clocks, photo frames, artificial flowers, home appliances, tool & hardware, electronics, umbrellas, socks, underwear and shoes etc. Yiwu night market, yiwu imported commodities mall and Zhuji Pearls Market China are quite popular.Yiwu markets remain open round the year except during seven days of Spring Festival.
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