Competitiveness of Yiwu Small Commodity Wholesale Market

Yiwu small commodity wholesale market is composed of two market clusters, Yiwu International Trade City and Huangyuan Market. The market has 43 industries, 1,900 categories, and 1.7 million commodities, almost covering handicrafts, jewelry, hardware, etc. Daily necessities, rain gear, electronic appliances, toys, cosmetics, sports, hosiery, non-staple food, clocks and watches, thread belts, needle cotton, textiles, neckties, clothing and other daily industrial products. Among them, the production and sales of accessories, socks, and toys account for more than one third of the national market. With good quality and low price, it has all the distinctive features and is extremely competitive in the international arena.

Yiwu small commodity wholesale market has developed logistics and is one of the three major logistics centers in Zhejiang Province. The market has more than 200 intermodal consignment lines to 200 large and medium-sized cities in China; six railway luggage and parcel trains; the only civil airport in central Zhejiang is built; it is close to Ningbo and Shanghai ports and has developed sea transportation, forming a three-dimensional highway, railway, and aviation A modernized transportation network, with a daily cargo throughput of more than 5,000 tons. At the same time, a customs office was opened, the "three inspections in customs declaration" were opened, and two modern logistics bases, an international logistics center and a shopping mall logistics center, were built. And the modern logistics infrastructure has advanced facility, with complete functions and high efficiency.

With a well-developed market chain and hot transactions gathered by thousands of merchants, Yiwu small commodity wholesale market has become the source of information for releasing small commodity prices and new product trends. Market information dissemination channels are wide, and there are many small commodity market information websites such as various professional newspapers and China Commodity Merchants Network. Yiwu Small Commodity Wholesale Market radiates more than 212 countries and regions, and has business in Southeast Asia, the Middle East, Europe and the United States. The annual export volume has reached more than 60% of the total turnover. Among them, the export volume of handicrafts, jewelry, hardware, glasses and other advantageous industries accounted for more than 70% of the industry's sales; more than 60% of the merchants in the market have foreign trade supply business, and there are more than 8,000 foreign businessmen based in Yiwu, overseas business institutions More than 500. In May 2002, Shi Guangsheng, Minister of the Ministry of Foreign Trade and Economic Cooperation, came to Yiwu to inspect and wrote an inscription for the market: "Facing the world and serving the whole country". Yiwu small commodity wholesale market has an advanced and developed market system, and the convention and exhibition industry has been launched early and has great influence. The market is equipped with an internationally advanced large-scale exhibition hall - Yiwu Small Commodity Wholesale Market Meihu Convention and Exhibition Center with a total construction area of 46,000 square meters. It has 5 exhibition halls that can accommodate 1,500 international booths, and is equipped with an international conference hall, a business center, coffee bars, etc., to undertake more than 20 international and domestic exhibitions of different scales every year. The China Commodities Fair has been held for ten times since it was opened in 1995. Since 2002, and the fair has been upgraded to a national-level export-oriented exhibition organized by the Ministry of Commerce of the People's Republic of China. In 2005, the turnover of China Yiwu International Commodities Fair reached 8.098 billion yuan, of which the foreign trade turnover was 661 million US dollars. China Yiwu International Commodities Fair has become an important annual exhibition for labor-intensive commodities in my country, and it has attracted much attention for its economic and trade nature, externality and long-term effectiveness.

With the accelerated transfer of global labor-intensive industries to China, Yiwu small commodity wholesale market has continued to increase its outward orientation, which has promoted the development of small commodity industries. With Yiwu as the center, an international small commodity industry belt has been formed in Jinhua, Taizhou, Wenzhou, Lishui and other regions. To promote the development of market industry clusters, further consolidate and expand the market's position in the international industrial division of labor. 

Yiwu Small Commodity Wholesale Market is the first professional market in my country that has established the ISO9001 international quality system and passed the ISO14001 environmental management certification. In 2003, China's first professional market electronic information management system developed by independent programming was put into use, realizing the full digitalized management of market development, business unit leasing, operating households' code of conduct, business information and other services. Yiwu Small Commodity Wholesale Market is a designated unit for shopping and tourism designated by the Zhejiang Provincial Tourism Administration. Among them, the International Trade City was awarded the province's first five-star market by the Zhejiang Administration for Industry and Commerce, and Huangyuan Market and Binwang Market were awarded the three-star market by the Zhejiang Administration for Industry and Commerce. In 2005, the International Trade City was approved as a national 4A-level shopping and tourist area, and it is China's first shopping and tourist attraction.