Yiwu international trade city also known as Yiwu International Trade Market is the world’s largest small commodities market located in Yiwu, Zhejiang, China. Since Yiwu was a trading city in the past, therefore, Yiwu Market was built in 1982 to facilitate the process of purchasing for buyers, and it is currently under the administration of Zhejiang China Commodities City Group Co., Ltd. The Market has covered 4 million square meters and consists of 5 districts with 75000 booths and 100000 suppliers who put more than 400000 different products on display.
Yiwu Market Districts:
Yiwu Market District 1:
The first district of this market was opened on 22 October 2002, which covers a construction area of 340,000 m2 with over 10,000 booths and more than 10500 suppliers. It consists of two blocks, the original district 1 and the newly expanded East Mart. The newly expanded East Mart was put into use in early 2016. District 1 is the busiest market and mainly products like Jewelry, accessories, jewelry beadings, artificial flowers, crafts, photo frames, and toys are sold here.
Yiwu Market District 2:
The second district of this market was opened on 22 October 2004. It has covered a construction area of 600,000 m2 of floor space for more than 8000 booths and 10,000 operators. There are total of 5 floors and each floor deals with different niches and products. Products like suitcases and bags, umbrellas and raincoats, and packing bags are sold on the first floor; hardware tools, electrical products, locks, and vehicles on the second floor; kitchenware and sanitary ware, small home appliances, telecom facilities, electronic instruments, and equipment, watches & clocks, etc. in the third floor are available in this market and the fourth floor is manufacturer outlet center.
Yiwu Market District 3:
The third district of Yiwu market was opened in 2005 and it has a building area of 460,000 square meters. There are more than 6000 standard booths on floors 1 to 3 and more than 600 booths of 80-100 m2 on the fourth and fifth floors. The manufacturer outlet is located on the fourth floor and automobiles have access to various floors, and parking lots are built on the ground and roof. Products like stationery, sports goods, zipper, cosmetics, and so on are sold in the market.
Yiwu Market District 4:
The fourth district of Yiwu Market was opened on 21 October 2008
with a floor area of 1,08 million square meters and over 16000 booths. Products like socks on the first floor, on the second-floor gloves, hats and middle cotton, on the third-floor shoes, string, lace, tie, wool, and towels, and on the fourth-floor bras, belts and scarves are sold here. And the fifth floor is the direct sale center of manufacturers.
Yiwu Market District 5:
It is located in the south of Chengxin Avenue, north of Yinhai Rd. and was opened on May 2011 It has covered an area of 640,000 m2 with over 7000 shops. Its location is the best and the transportation is convenient. It is connected to the four districts of Yiwu Market and 1.42 billion Yuan is invested in this district. It is also divided into five floors that mainly deal with imported goods, beddings, knitting raw materials, and automotive supplies.
The history of Yiwu Market:
in the 1980s, Yiwu city was known for small traders who mainly traded sugar for chicken feathers at the time of the Qing empire. In 1949, when the Communist Party of China took the power, the capitalist activity was stopped.
In April 1982, a woman named Feng Aiqian complained to Xie Gaohua who was appointed Party Secretary of Yiwu, that why her goods are seized by county authorities and she is not allowed to work and support her poor family? After that Xie went to Wenzhou, the first Chinese city to allow private businesses and conduct research.
In September 1982, he decided to build Huqingmen Market in Yiwu. There was a guideline of “Four Permissions”, permission for farmers to enter the city and do business. This was the first time in China that a local government legalized a local market for farmers. The market had a rapid growth and in 1983 the government spent 580,000 Yuan to build a new market, at the end of the year, there were over 1000 sellers selling more than 3000 products. After that, the market continued its growth and rebuilt and expanded several times and now it is the world’s largest market.