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Yiwu is known to the world as the capital of small commodities. Yiwu international trade city, also called Yiwu Futian market, is the largest market in the world. Its scale is so unimaginable that it will take you one year wandering in the market if you stay for 3 minutes in each shop. Every year, Yiwu attracts over 550,000 visitors from 210 countries.
Yiwu is the central city of Zhejiang Province. It has developed from a small agricultural city to a small commodity city based on the market. After more than 40 years of development in reform and opening up, it has become the most famous city in the world.
It is famous for international small commodity trade and has trade relations with more than 200 countries and regions in the world.
Because of its central location, Yiwu has also become a distribution center for Zhejiang’s daily products. Zhejiang Province, where Yiwu is located, is one of China’s most important trade provinces, accounting for more than 12% of China’s foreign trade.
So far it has formed many industrial clusters such as Hardware Center in Yong Kang city, China Socks Center in Zhuji city, Plastic and Rubber center in Taizhou city, Textile and umbrella center in Shaoxing city, Plastic machinery center in Ningbo city, etc.
Many of the above neighborhood cities supply goods to Yiwu. Yiwu is also very close to Hangzhou and Shanghai. You can either take a bullet train or bus to get to Yiwu. It is very convenient and has many transportation methods to choose from.
Yiwu City is known as “the world’s largest small commodity wholesale market”, with a permanent population of 1.86 million. Yiwu Small Commodity City covers an area of 4.3 million square meters and has 62,000 booths.
80,000 suppliers display 400,000 products almost every day from 09:00 am to 05:00 pm (except during the Spring Festival). Sixty-five percent of these products (approximately 2,000 different categories) are exported all over the world.
Yiwu is mainly engaged in the wholesale of small commodities, among which the following categories of products are the most famous.
Yiwu specialized streets are a unique characteristic of Yiwu markets and also an indispensable part of Yiwu business.
We’ve collected and summarized all the important specialized streets by their featured product categories below. I believe that you’ll find them very special when you walk on those streets.