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The history of Yiwu Wholesale Market

yiwu international trade city market www.yiwusell.com

The history of Yiwu Wholesale Market

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The history of Yiwu Wholesale Market

Welcome to Yiwu International Trade City – the World’s Largest Small Commodity City (Honored by United Nations and Morgan Bank )-  https://www.YiwuSell.com

What is Yiwu market?


Where is Yiwu?

Yiwu, located in the central of Zhejiang Province, which develops from originally an agricultural city to a commodity market place. Due to the central location, Yiwu is simultaneously a distribution center of Zhejiang, whose amount of foreign trade accounting more than 15% of China.

What is Yiwu Wholesale Market?

yiwu wholesale market

Yiwu Wholesale Market is like an Everlasting Commodities Fair and at the same time the largest export center in China. All over the world, there are around 500 thousand types of products, more than 300 thousand are from Yiwu, which covers sports goods to toys, etc. In Yiwu Wholesale Market, the goods are cheap and it has everything you desire. It’s secret to success is the Low Price Strategy.

The history of Yiwu Wholesale Market

Feel free to skip this part if you are not a history person, but, knowing it better will make you deal with your business better there right? We will share the history of different stages of Yiwu as a person who born there for you to get familiar with this city.


The First generation of Yiwu Market

first generation of yiwu market

Yiwu Small Commodity Market originated in the late 1960s. As the Reforming and Opening-up Policy in China begins, the small commodity market started to spring up in Yiwu. In the special era, under the contradiction between the superior’s order to prohibit, ban, and semi-legal “exchanging candy for chicken feathers” and the need for the existence of the market, wholesale and retail seasonal market was quietly born. In 1984, the turnover of this market reached 24 million RMB, and the goods were mainly sold to the counties and cities around Yiwu.

The second generation of Yiwu Market

Second generation of Yiwu Marke

Along with the development, the need to expand the market has increased greatly. After the second generation market opened, nearly 2,000 stalls were quickly set up and more than 10,000 people came to trade in the market every day, among which more than 60% were not local people and there was an endless stream of applications. At that time, no matter the popularity, fame, information, or traffic, the local and Yiwu commodity market are beyond comparison.
In 1986, the turnover of the Yiwu market exceeded 100 million RMB, and the range extended from the surrounding counties and cities to the province and beyond.

The third generation of Yiwu Market

Third generation of Yiwu Market

In the third phase, there was a question of whether to continue to expand the market or to retain agriculture. In the end, a compromise was reached, and the market broke ground in December 1985, and by mid-September 1986, a large market was completed with a railway station platform, covering an area of 44,000 square meters, 4,096 stalls, and a total investment of 4.4 million yuan, which could accommodate 30,000 people trading on the site.
In 1991, the turnover of the Yiwu market exceeded 1 billion RMB.

The fourth generation of Yiwu Market

Fourth generation of Yiwu Market

Yiwu fourth-generation market was organized in 1990, construction began in 1991. On January 17, 1992, it passed through the handover inspection and acceptance, with the ability to arrange 7100 stalls. So far the construction area of the Small Commodity City has expanded to 228,000 square meters and the number of stalls increased to 23,000.
In 1992, the turnover of China Commodity City was 2.1 billion RMB, in 1993 it was 4.5 billion RMB, in 1994 it soared to 10.21 billion RMB, and in 1995 it reached 15.2 billion RMB.

Yiwu Market in China

The foreign trade export rate of commodities is over 60%, more than 90% of the business seats undertake foreign trade business, and the commodities are sold to more than 140 countries and regions. This place is definitely friendly for business people all over the world. Before you are going, check our pre-planned suggestions to know more about your trip.

yiwu-market plan

YIWU international trade market district 1

F1: Artificial Flower / Artificial Flower Accessory/Electric toys / Plush toys / Inflatable toys /Electric Toy
Flower accessories / Annex building (Toy/ornaments/craft)
F2: Hair Ornament / Jewlery
F3: Festival Crafts / Decorative Craft / Ceramic Crystal / Tourism Crafts / Photo Frame / Jewelry Accessory
F4: Hall of Taiwan Merchants / Factory Outlet

YIWU international trade market district 2

F1: Rain wear / Packing & Poly Bags / Umbrellas / Suitcases & Bags (Schoolbags)
F2: Lock / Electric Products / Hardware Tools & Fittings / Vehicle
F3:Hardware Tools & Fittings / Home Appliance (Shaver) / Electronics & Digital / Battery / Lamps / Flashlights / Telecommunication Equipment / Clocks & Watches
F4: Hongkong Hall / Sichuan Hall / Korea Hall / Hardware & Electric Appliance / Electric / Quality Luggage & Handbag / Clocks & Watches
F5: Foreign Trade Organization Agency / Roof Parking Lots / Foreign Trade Company

YIWU international trade market district 3

F1: Pens & Ink / Paper Products / Glasses
F2: Office Supplies & Stationery / Sports Products / Stationery & Sports
F3: Cosmetics / Mirrors & Combs / Zippers & Buttons & Clothing Accessories
F4: Cosmetics / Stationery & Sports / Zippers & Buttons & Clothing Accessories

YIWU international trade market district 4

F1: Socks / Indoor Parking Lot
F2: Daily Consumable / Hat / Gloves / Other Knitting Products
F3: Towel / Wool Yarn / Necktie / Lace / Sewing Thread & Tape
F4: Scarf / Belt / Bra & Underwear
F5: Tourism & Shopping Center / Factory Outlet

YIWU international trade market district 5

F1: Imported Products / African Products / Jewelry / Arts & Crafts Photo Frame / Consumer Goods / Foods
F2: Beddings
F3: Towel / Knitting Material / Fabrics / Curtain
F4: Auto (motor) Accessories

  • YiwuSell is Your Best Reliable Sourcing Agent In Yiwu City of China.
  • There are 80000+ booths in Yiwu International Trade City.
  • Email: yiwusell@hotmail.com, info@yiwusell.com
  • Cell/whatsapp: +86-13958483378