Operating Characteristics of Yiwu Small Commodity Wholesale Market

Yiwu small commodity wholesale market is composed of two market clusters, that is, 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, 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. With good quality and low price, it has all the distinctive features and is extremely competitive internationally.

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 combined consignment lines to 200 large and medium-sized cities in China; six railway trains for luggage and parcel; the only civil airport in central Zhejiang has been built; it is close to Ningbo and Shanghai ports and has developed maritime transport, forming a three-dimensional transportation network including highway, railway, and aviation, with a daily cargo handling capacity of more than 5,000 tons. At the same time, a custom office has been opened, the “ customs with three inspections” has been implemented, and two modern logistics bases, an international logistics center and a mall logistics center, have been built with advanced modern logistics infrastructure,full functions and high efficiency.

Yiwu small commodity wholesale market has products in more than 212 countries and regions, and is sold in Southeast Asia, the Middle East, Europe and the United States, and the annual export volume has reached more than 60% of the total turnover. Among them, the export volume of products in advantaged industries such as handicrafts, jewelry, hardware, and glasses accounts 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 in Yiwu, and more than 500 overseas commercial organizations. 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 country".

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