Yiwu is a city of China that has made a well-known name for itself as a center for largest wholesale commodity trading. China commodity trade has basically three market clusters:
Yiwu International Trade Mart: International Trade Market/City/Center/Mall/Mart or Futian Market, all are same thing – a market complex with 5 districts, all are connected. It covers a total area of about 32.68 square km including market area of 257,816 square metres. This trade market finally put 70,000+ shops, nearly 5000 more very soon and around 10 million products , under all roofs. All its five districts are named as Yiwu district 1 Market, Yiwu district 2 Market, Yiwu district 3 Market, Yiwu district 4 Market and Yiwu district 5 Market. Each of these districts offers different trade products.
Huangyuan Market: The main objective of opening Huangyuan market is to enrich the selling patterns of the sellers and strengthening the closing industry. This market is formally opened recently and is located in the west of Huangyuan road. It covers an approx area of 117 acres with the building area accounting for 420,000 square metres. This market is divided into 8 floors over ground and 1 floor underground, having more than 5000 booths. First to fifth floor offers products like men’s clothing, children’s clothing, women’s clothing. Eighth and ninth floors are considered as local characteristics boutiques.
Binwang Market: This Yiwu Binwang market is also called Bedding Market. It consists five trading blocks, International Trade Center, Publication Center, with more than 8,000 booths and approx 20000 business entities. It offers clothing and bedding as major products.
What makes YIWU market special ?
The main reason that makes this market special is off-shelf product. Off-shelf product is a readymade product ready to be picked up by buyer at any time.
Generally, Chinese suppliers uses “make to order” approach, which means, they manufacture a product only when they receive an order and a down payment. They don’t even keep the material or other components regarding the product in stock. It is purchased, the time, the order is confirmed and also its quantity, but YIWU is an exception.
Why YIWU makes sense for small buyers?
Off-shelf product is not the only reason behind the fame of Yiwu market. The suppliers of Yiwu act as a complement for other china based existing suppliers. E-commerce companies or other small businesses are in dire need of filler their products in case of not making their stores empty. This is another reason, why visiting Yiwu market is worthful.
YIWU Markets and Trade fairs
You can contact Yiwu based suppliers using various business sites like Alibaba.com. But if you are going to buy off-shelf product, then it would be good if you visit the place. Then you can make easily product selection on site.
China Commodity city is the largest wholesale market. Unlike other trade fairs, china commodity fair is open all year around.
Portlogy services in Yiwu Market.
There is a lot of difference between finding suppliers and the whole shipping process which includes negotiate prices, settle the payment and shipment of products back to your home. This is the time when we need Yiwu agent. Portlogy has a special setup in Yiwu to act as an purchasing agent. If you have a commodity which you want to source from Yiwu, we can help you to buy as well deliver it to your doorstep.
We help you in purchasing goods and accompanies you all the time during visiting suppliers. Once you have made the product selection and decided the amount of product, Yiwu agent coordinates all the procuring process. Since you can buy from multiple suppliers, that means many small shipments can be possible. Small shipments can cost you more than a single large shipment. Portlogy tries that all the cargo is collected in one single shipment. We also ensures that wholesaler provides you the right product and in the right quantity.
Visiting Yiwu Market, Transportation and Hotels
If you want to visit Yiwu yourself then you will find, there are no direct flights heading to Yiwu city. The only and easiest way to reach Yiwu is by first taking flight to Shanghai and then take the train. It i a high speed train and roughly takes 2.5 hours.
In Yiwu, there are various number of hotels in variable price range. You can choose according to your budget. Getting around in Yiwu is also easy. You can take taxis for your convenience but they hardly understand other language than Chinese.
For more information about YIWU wholesale markets or sourcing from Yiwu market, contact Portlogy.