Introduction of China Yiwu Markets

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. It's the center of business, information, and display of small commodities. The UN, World Bank, and JP Morgan have named it the "largest small commodity wholesale market" in the world.

Yiwu China Commodities City is the largest small commodities export base in China. So far, Yiwu markets have traded with over 210 countries and regions with export revenue accounting for 65% of Yiwu's GDP. Yiwu receives 500,000 foreign buyers each year, hosts 13,000 foreign residents, 20 more transnational retailing giants like Walmart and Metro as well as over 30 domestic supermarket brands. There are over 6,800 foreign-invested companies, among which 2,500 belong to foreign-funded partnership enterprises that equal 75% nationally.

Not only the brick-and-mortar business keeps booming, but the integration of online and offline as well as import and export are also progressing. Especially e-commerce is given the impetus. There are now over 310,000 e-shops. Yiwu is the only county-level city to be selected as the national cross-border e-commerce pilot zone by the State Council. Yiwu China Imported Commodities Mall exhibits 100,000 kinds of goods from over 100 countries and regions, and paves its way to "buy from the world; sell to the world".

Yiwu International Trade City is the primary wholesale market complex in Yiwu, China. There are a number of other large wholesale markets in Yiwu including the Huangyuan Market for clothing, several furniture markets, a capital goods market, and others.
It’s the world’s largest wholesale market for items that are “relatively inexpensive, non-technical, mass-market”, serving as the major conduit for many types of such goods.