Sourcing Blog Archives - Yiwu Market Guide, Yiwu Agent, Yiwu China https://www.linkyiwu.com/category/sourcing/ Your Buying Office in China Fri, 25 Aug 2023 02:24:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.5 https://i0.wp.com/www.linkyiwu.com/wp-content/uploads/2022/09/192-1.png?fit=32%2C32&ssl=1 Sourcing Blog Archives - Yiwu Market Guide, Yiwu Agent, Yiwu China https://www.linkyiwu.com/category/sourcing/ 32 32 167720495 Yiwu Market Extends Welcoming Hand to Foreign Buyers https://www.linkyiwu.com/yiwu-market-extends-welcoming-hand-to-foreign-buyers/ https://www.linkyiwu.com/yiwu-market-extends-welcoming-hand-to-foreign-buyers/#respond Fri, 25 Aug 2023 02:24:25 +0000 https://www.linkyiwu.com/?p=15673 In a bid to bolster international trade and foster stronger business ties, Yiwu, the renowned hub of wholesale markets in China,...

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In a bid to bolster international trade and foster stronger business ties, Yiwu, the renowned hub of wholesale markets in China, has unveiled an enticing new set of incentive policies targeted at foreign and overseas Chinese buyers. Market operators have announced a remarkable opportunity for eligible visitors to avail themselves of complimentary hotel accommodations and a chance to experience the city’s vibrant marketplace firsthand.

Under these innovative policies, foreign and overseas Chinese buyers who have been cordially invited to Yiwu by the market operators will be granted the privilege of luxurious rooms valued at RMB 240 per night in select partner hotels. This gracious offer extends for up to 10 nights per person, allowing the fortunate recipients to fully immerse themselves in the city’s commercial offerings and cultural riches. The initiative is projected to accommodate a substantial number of 5000 individuals, truly underscoring Yiwu’s commitment to enhancing its international trading environment.

Applicable hotels and room types are as follows:

To be eligible for this extraordinary opportunity, interested individuals must meet several key criteria.

  • Prospective beneficiaries should have arrived in China after April 1st, 2023
  • Candidates must be at least 18 years of age
  • Potential beneficiaries must possess a market entry record for more than one day during the event
  • These benefits are exclusively accessible to individuals who have not previously enjoyed similar incentives introduced by the China Commodity City (CCC) initiative after the year 2022

The unveiling of these incentives is a testament to Yiwu’s enduring commitment to fostering international trade, cultural exchange, and economic development. By providing foreign and overseas Chinese buyers with the chance to explore the city’s bustling markets and rich heritage, Yiwu aims to create lasting relationships that transcend borders.

As Yiwu continues to thrive as a pivotal player in the global trade arena, these innovative incentive policies promise to elevate the city’s status even further. With its welcoming spirit and progressive outlook, Yiwu beckons foreign buyers to seize this remarkable opportunity, forging connections that will undoubtedly shape the future of international commerce.

For interested parties, please contact China Commodity City (CCC) Buyer Service Center via the following methods, and we are also available to help you with any regarding questions.
Contact number: +86 – 18969387158
Address: No.2 South Gate, District 4, Buyer Service Center, Yiwu international Trade City
mail: info@linkyiwu.com

Don’t miss your chance to be a part of this exciting new chapter in Yiwu’s history!

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How to Get a Visa for China: A Step-by-Step Guide https://www.linkyiwu.com/how-to-get-a-visa-for-china/ https://www.linkyiwu.com/how-to-get-a-visa-for-china/#respond Tue, 21 Mar 2023 07:18:29 +0000 https://www.linkyiwu.com/?p=14738 With the adjustment of Covid-19 restrictions in China, sourcing products in person from China can be easier than it was. But...

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how to get a visa for china

With the adjustment of Covid-19 restrictions in China, sourcing products in person from China can be easier than it was. But you still need to apply for a Chinese visa if you are not eligible for China visa exemption requirements.

The China government offers various types of visas, each with its requirements and limitations. When it comes to sourcing from the Yiwu Market, a tourist or business visa can be well suited.

In this article, we will guide you to apply for a business and tourist visa to China.

But first, let’s identify whether you need a China visa.

Do you need a visa to go to China

A visa is not always a must to go to China in the following cases. Check them and decide whether you have to apply for a China visa.

1. 24-Hour Direct Transit

No need for Chinese visa application if you transit directly through mainland China by air, ship, or train and will stay less than 24 hours. If you intend to go beyond the airport boundaries for city sightseeing within 24 hours, a Temporary Stay Permit is needed.

2. 72-Hour Visa-Free Transit

Citizens of 53 countries with valid international travel documents and air tickets can be exempt from visa application with less than 72 stay at ports of entry in China.

Find more information about the 53 countries and entry ports in this sheet.

3. 144-Hour Visa-Free Transit

If you are from one of the 53 countries we mentioned above, you are entitled to stay up to 144 hours(6 days) in Beijing, Shanghai, Tianjin, Jiangsu, Zhejiang, and Liaoning without a Chinese visa.

4. You are a citizen of Singapore, Brunei, or Japan

If you are from Singapore, Brunei, or Japan and hold an ordinary passport of your country, you may enter China without a visa through the ports of entry. In this case, you come to China for tourism, a family visit, business, or transit, and intend to stay in China for no more than 15 days. 

5. You hold an APEC Business Travel Card

You can visit China with no need to apply for a visa if you hold a valid APEC Business Travel Card.

6. You hold a valid Foreigner’s Permanent Residence Card or Residence Permit for Foreigners

If you hold a valid Foreigner’s Permanent Residence Card of the PRC or Residence Permit for Foreigners in the PRC, you meet the visa-free qualification.

7. You hold a passport of the country listed on the Mutual Visa Exemption Agreements

China reached agreements on mutual visa exemption with some foreign countries. If you own a diplomatic, service, or official passport of the country on the list, you are entitled to a stay of less than 30 days.

How to apply for a business or tourist visa to China 

Find you are not qualified for visa-free requirements?

No worries. In this section, we will walk you through the process to apply for a business or tourist visa to trade or travel in China.

Keep reading!

Step 1. Determine your visa type

Before your application, you need to decide on which type of visa you should apply for.

As we mentioned earlier, a tourist or business visa suits you fine if you aim to import from China.

A tourist visa is suitable for those who come to China for tourism. But with this visa, you can also buy something in China like goods in Yiwu.

A business visa is for foreigners who intend to conduct commercial and trade activities in China. For example, you plan to trade with a Chinese business partner.

In your case, either visa type is appropriate.

Step 2. Collect the required documents for your visa application

Since you have decided on the visa type, it is time to prepare the required documents.

Passport
Source: unsplash

1. Passport

Your original passport with at least 3 months remaining validity and at least 1 blank visa page

2. A photocopy of your passport 

Copy your passport including the information and photo page

3. Visa Form and recently-taken personal photo

Fill your personal information in the visa application form online, print it, and sign it.

The photo needed is approximately 48mm x 33mm (bare-head, full face) against a light background. Click to check the photo requirements for the Chinese Visa Application.

Tips: Make sure all information you fill in is true, complete, and accurate. Once you submit the application form, you cannot modify it.

4. Proof of Residence

You should provide documents like a driver’s license, utility bill, or bank bill to prove your legal residence.

This proof document must display the same name as that on your passport. Meanwhile, it must display your current residence address as provided on your visa application.

5. Where You Stay Form

Download the Where You Stay Form, complete it, and sign it

Click here to download the form for US citizens if you are in the US.

6. Proof of travel arrangements or an invitation letter

Tourist visa(L visa)

Prepare your round-trip ticket booking records and proof of a hotel reservation with your name, OR an invitation letter issued by a relevant entity or individual in China and the inviter’s Chinese ID photocopy

Business visa(M visa)

You must provide a visa invitation letter from your trade partner in China.

In this invitation letter, the following information should be included.

  • Your personal information: name, gender, date of birth, passport number, etc.
  • Information about your visit to China: the reason for your visit, date of arrival and departure, the place to visit, relationship with the inviting unit or individual, etc.
  • Inviting party information: inviting party name, address, telephone number, official seal, legal representative or signature, date, etc.
Note: LinkYiwu values friendship with our foreign partners as we always do. We can provide you with an invitation letter for the Chinese visa application if you come to Yiwu for product sourcing. Get in touch with us now!
7. Other related documents

There could be any other documents required depending on the specific circumstance. You may check it out with the Visa Office of the Chinese Embassy or Consulate General that serve in your residence, or contact us for further consult.

Step 3. Submit your application

After collecting all the documents required for your visa application, you should submit them to the Chinese Embassy or Consulate General based on your location of residence. You can either do this by yourself or entrust someone else to do it on your behalf. But anyway, remember to make an appointment online before going to the Visa Office.

Step 4. Pay the visa application fee and collect your visa

Generally, you can collect your visa 4 business days after your application. But mind that the visa processing time can be 2 business days in an urgent situation, and 3 business days for express service.

You pay the visa application fee when you collect the visa.

Visa fee varies based on citizenship and location.

Here are the visa fees in the US, Canada, the UK, and Australia.

Visa fees in the US, Canada, the UK, and Australia
Visa fees in the US, Canada, the UK, and Australia

Besides the visa fee, you also need to pay the service fee and tax. It can vary in different service centers.

Note: The visa fee is tax-exempted. A tax or VAT is charged for the application service.

FAQ about China visa application

1. Can I apply for a visa to China online?

No, it is not possible to apply for a China visa online currently. All required documents need to be submitted to the Visa Center in the Chinese embassy or Consulate General that serves in your location.

2. When should I apply for a visa?

You can apply for a Chinese visa one month before your intended travel date. Two months in advance would be better in case of any unexpected delays or issues.

3. How long does it take to get a visa to China?

It typically takes 4 days for visa application processing. However, it can be longer if there is something wrong with your physical documents or if a delay in the delivery of your mailed documents occurs.

4. How long is my China visa valid?

Generally, a Chinese visa can be valid from 3 months to 10 years. The duration of stay allowed can vary from 30 to 180 days based on the type of visa issued.

To know the exact validity of your China visa, you can check the visa sticker or stamp in your passport, which will indicate when the visa is valid.

5. Can I extend the duration of stay of my visa in China?

You may apply for an extension of the “duration of stay” of your visa at a local public security authority before it expires.

6. Can someone else submit my visa application documents on my behalf ?

Yes. Usually, you should submit visa application documents by yourself. But you can entrust someone else to do it in some special cases.

7. Can I cancel my application after submitting it?

No, you can’t cancel your application and withdraw it once you have submitted it. You still need to pay the visa fee and service fee accordingly.

8. What to do if my visa application is denied?

You may check if there is something wrong with your application documents and apply for a China visa again. Or you can consult the Visa Office about the reason for the denial and prepare for the application next time.

Conclusion

Obtaining a Chinese visa is necessary for entry into China if you are not eligible for visa exemption requirements. In light of your purpose to import from China, a travel or business visa is well suited for you.

Hope this guide on how to apply for a tourist visa or business visa to China is helpful to you.

If there are any questions, please feel free to contact us.

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How Much Does It Cost to Ship From China https://www.linkyiwu.com/cost-to-ship-from-china/ https://www.linkyiwu.com/cost-to-ship-from-china/#respond Thu, 16 Mar 2023 02:26:43 +0000 https://www.linkyiwu.com/?p=14655 “How much does it cost to ship from China?” This is a frequently asked question among our customers who import from...

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Shipping methods
Shipping methods

“How much does it cost to ship from China?”

This is a frequently asked question among our customers who import from China and sell in the US, Europe, and other regions. If you are buying or plan to buy from China, you are probably as curious as them about the answer.

Shipping cost has a direct impact on your profits. The more you spend on shipping, the less you earn. So it is important to figure out the shipping methods and how much the shipment can cost.

In this article, we will cover you about them.

Keep reading!

How to ship from China

The common shipping methods are air freight, express shipping, sea freight, and rail freight.

In this section, we will introduce them one by one.

Pros and cons of different shipping methods
Pros and cons of different shipping methods

Air Freight

Air Freight
Air freight

Air freight is a fast shipping option. It is fit for the delivery of small and medium-sized, light, valuable, and time-sensitive products.

Generally, your package can arrive at the destination within 5 to 15 days by air. But if you work with an express company like DHL, UPS, or FedEx, shipping time will be shortened to 3 to 10 days. Certainly, along with it is a higher cost. For example, you can pay about 2500 CNY (363.5 US dollars) for a 20 kg package from China to the US with DHL.

In addition, there are strict limits on shipped items via air freight. Imitation brands, liquids, powders, batteries, and optical discs are prohibited. And for some sensitive products like electronic painting boards, an extra fee is charged.

Details about the shipping fee, delivery time and weight limitation of express companies
Details about the shipping fee, delivery time and weight limitation of express companies

Pros

  • Time-effective delivery
  • Suitable for light and small products
  • Widely used by sellers in the US and Europe

Cons

  • Expensive
  • Limits on shipped items

Sea Freight

Sea freight
Sea freight

Shipping by sea is a cost-effective shipping solution. Whatever shipping company you collaborate with, it usually costs no more than $10 per kilo. The majority of products can be shipped via sea freight regardless of their weight, volume, and features.  

However, ocean freight is very slow compared to other shipping methods. For example, it can take 15 to 30 days on average to ship from China to the US, even up to 60 days if accidents happen or during a holiday period.

Sea freight includes full container loads (FCL) and less than full container loads (LCL).

FCL means that you use the entire container and pay for the shipment, regardless of whether the container is fully loaded or not. This shipping option is fit for shipments that require a large space or for customers who want to have more control over their cargo. When using FCL, you are responsible for loading and unloading the container.

With LCL, your products are filled in a container with those from other importers. And you share the shipping fee with them. The cargo is usually consolidated at a warehouse or terminal, and you only pay for the space your goods occupy. 

Pros

  • Cheap
  • No strict limitations for shipped products
  • Friendly shipment for large and heavy items

Cons

  • Slow delivery
  • Easy to be affected by the weather

Land Freight

Rail Freight

Rail freight
Rail freight

Rail freight is another shipping method when you import from China. It has been increasingly popular among Europe importers in recent years, especially with the operation of the CHINA RAILWAY Express.

This shipping method is suitable for goods that are too large or heavy for air freight but require a faster delivery than by sea, such as auto parts, beverages, and food. It usually takes about 12 to 20 days to ship from China to Europe.

The cost of rail freight is generally cheaper than air freight or Express but a little more expensive than sea freight.

Pros

  • Cheaper than air freight and faster than sea freight
  • More eco-friendly than air freight and sea freight

Cons

  • Mainly used in the Europe and Central Asia
  • Possible delays in cross border
  • Not cost-effective for short-distance delivery

Road Freight

Road freight
Road freight

Road freight is the transportation of cargo by trucks on land. It plays an important role in the last-mile transit from the airport, port, or train station to the destination.

Compared with rail freight, road freight is mostly used for delivery over a short distance and is less friendly to the environment. The highlight lies in that it is very flexible due to the developed road system and no limits on the time frame.

Pros

  • Flexible delivery
  • Fit for last-mile transportation of sea or airplane freight

Cons

  • Not eco-friendly
  • Often used for short-distance delivery
  • Limitation on product quantities and volume

Which is the best shipping method

No shipping method fits all. Before you make the final decision on which to use, consider the following factors.

Products

High-value products need to be shipped by express or air freight. This can keep them secure during the transit and arrive at their destination in a short time.

Product features are also important elements for consideration. If your products are fragile and temperature sensitive, they need a fast and safe shipping solution. While if they are of low value, large-sized, and cumbersome, sea or rail freight will be more suited.

Freight Charge

Shipping costs can vary from different shipping methods. Generally, air freight is more expensive than sea freight, and land freight. Sea freight can be the cheapest shipping option.  

Delivery Time

If your package is in urgent need, you had better choose a fast shipping method, like air freight or rail freight. Otherwise, slow and cost-effective sea freight may suffice.

Services

Additional services such as insurance, customs clearance, and tracking services may not affect your profits in a straight way, but with them, you will find it much easier to ship overseas. So find a shipping method that provides you with these services as possible as you can.

Destination

The destination is an important factor you should take into consideration. A shipping method may be cheap when the package is shipped to one region, but not another. Sometimes, it can even not be available at your destination.

How to calculate the shipping cost

Dimensional weight and actual weight
Dimensional weight and actual weight

There are different ways to calculate the shipping cost. But basically, it is charged based on the actual weight or dimensional weight of a package.

Actual weight refers to the real weight of the package including all of its contents and packaging materials. 

Dimensional weight is the weight calculated on the volume of a package, that is length x width x height / 5000 or 6000. It is used to determine shipping costs for packages that take up a lot of space but weigh very little.

If you are not sure how to calculate your shipping fee for an order, you can contact our customer service for support.

How to save on shipping costs

To some extent, saving is earning.

Here are some smart tips to save on your shipping cost and increase your profits. 

Ship your orders in one container 

You may meet someone who places their orders from a Chinese supplier and have them shipped separately. To save your shipping costs, you can package your orders in one container and ship them at a time.

Choose slower shipping methods if possible

If your products are in urgent need, it is necessary to opt for a fast shipping method. But if not, you can choose a slower and cheaper way.

Package your products in a proper way

Some items can be packaged in a box while some fit into a bag. Choose the appropriate containers according to the shape, weight, and volume of your products. Also, properly put them in the container to make full use of the space.

Negotiate with carriers for discounts

Logistics companies offer discounts for their partners at times. You can negotiate with your carrier for discounts available to you.

Conclusion

There are different shipping methods available to ship from China. With each, the shipping time and cost can be different. Take the important factors we mentioned into account and make an informed decision. Meanwhile, remember to adopt some smart tips to save on your shipping fee.

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Many Foreign Retailers Are Coming to Yiwu https://www.linkyiwu.com/many-foreign-retailers-are-coming-to-yiwu/ https://www.linkyiwu.com/many-foreign-retailers-are-coming-to-yiwu/#respond Mon, 13 Feb 2023 08:10:23 +0000 https://www.linkyiwu.com/?p=13839 “We have been busy these days because many foreign merchants come here to purchase products.” The Yiwu International Trade City was not...

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Yiwu City

“We have been busy these days because many foreign merchants come here to purchase products.”

The Yiwu International Trade City was not crowded as it had been on Jan.7th because of the upcoming Chinese Lunar New Year. But the business here has never stopped. For example, Fu Miaoling, a seller from the District 4 of the Yiwu Market, had nearly no spare time this morning when there were continuous inquiries, orders, and calls for appointments of checking a sample from customers.

On Jan.8th, the first day after the immigration policy was improved, the number of flights reached what it had been before the covid-19, according to the Yiwu Airport. Not a long time ago, the enforcement of the “10 New Measures” shortens the quarantine time for international travelers. Therefore, a lot of foreign merchants were back to Yiwu one after another.  

On Dec.30th,2022, a press conference on 10 measures to optimize the international business environment for foreign-related services was held on Yiwu. According to the conference, the number of resident foreigners in Yiwu was restored to 10,000. And this number is still rising. These foreign merchants have come back to resume their business in the globally renowned small commodity city.

Are there so many foreign merchants in the Yiwu Market now? How many of them are newcomers? What are they busy with? Keeping these questions in mind, I came to Yiwu for a visit.

Inside the Yiwu International Trade City

Are there so many foreign merchants back? An old friend whom I haven’t seen for several years came to my restaurant for dinner

“The day before yesterday, an old friend from Yemen visited my store. We hadn’t seen each other for many years, so we were surprised and delighted.” Fu Miaoling said.

On Jan.7th, I could see sourcing foreign merchants now and then when I walked inside the Yiwu International Trade Market. Fu Miaoling told me that foreign retailers have been coming back to this market gradually with traveling to China more convenient. It is hard for them to come here before due to the pandemic.

“ I came back earlier this month. Yiwu is my second hometown. I missed it so much these years when I was away from it.” Nila said. Nila holds citizenship in both Germany and Italy. She has been doing business in Yiwu before and even established her own foreign trade company. The favorable business environment and variety of products provided her with many chances, so she could scale her business.

“Recently, I have met several friends not seen for many years here in Yiwu. They came back to resume their business. But I didn’t see many new faces.” Nila told me.

Because of the upcoming Chinese New Year, sellers in the market and workers in the factory have already returned home one after another. Thus, many foreign merchants, who have never been to Yiwu, plan to visit the Yiwu Market after the Spring Festival.

And there will be a great number of foreign merchants back in this market in February because epidemic prevention and control measures have been optimized. The foreign retailer Carson who lives in Jimingshan Community, Jiangdong Street, Yiwu City, told me that everything has become more convenient now. His friends have booked flights to Yiwu after the Lunar New Year.

To reports, since August 2022, the Yiwu Municipal Bureau of Commerce, Foreign Affairs Office, and other departments have arranged 4 business charter flights to take back 564 foreign buyers in total, driving orders of $261 million.

Xu Manlan has a deep understanding of the increase in the number of foreign merchants in Yiwu. She and her foreign husband opened a Nepal restaurant in Yiwu, which is very popular among local foreign businessmen.

a Nepal restaurant in Yiwu

“Recently, it’s obvious that more foreign merchants are coming back, and many old friends not seen for a few years came to the restaurant for dinner.” With the booming business, Xu Manlan was very happy when she talked with me. “After the adjustment of epidemic prevention and control measures, especially lately, there are more foreign businessmen, and the business is almost prosperous as it was before the pandemic.”

Xu Manlan told me that during the New Year’s Day holiday, many foreigners were celebrating the New Year in her store, taking all the seats, and they stay open until 3:00 in the morning. In 2022, she moved the restaurant that has been open for 11 years to the main road, and it was scaled to 2 times as it had been. She is confident in the development of her business in the future.

According to data from Yiwu’s immigration department, the number of resident foreign merchants in Yiwu increased by nearly 20% in 2022, more than 10,000 for the first time in the past three years. And more than 150 foreign merchants on average come to Yiwu every day since last November.

What are these foreign merchants doing after they come back to Yiwu? Visit the Yiwu Market once they arrive

“My company and home are in Yiwu, and I must come back.” Rocky, who has been doing business in Yiwu from India for 19 years, speaks fluent Chinese, and already regards Yiwu as his second hometown. He said he is engaged in import and export trade and sells toys and clothing for children made in China to India, South America, and other places. These products are very popular with local people.

“In the past few years when I am not here, the business is far worse than before. Many customers can’t see what products look like, and they hesitate to place an order. There were ever more than 100 containers for goods per year, but only about 30 in the past two years. The pandemic has a great effect on the business.” Rocky said.

After returning to India at the end of 2020, Rocky’s biggest concern was when he could come back to Yiwu. In August 2022, he took his whole family back to Yiwu on the first business charter flight from India to China. And his concern was addressed.

“After I came back, I am busy sourcing products for my customers in the market every day, and the business has been better and better.” Rocky said, “My customer asked me if I was in China and he needed to make purchases from me. In the four months since we came back, we have sent out more containers than the year before we didn’t come back.”

What the foreign merchants back to Yiwu share is that they visit the Yiwu Market once arriving in Yiwu.

Telly has also been busy recently. He is from Argentina and has been doing business in Yiwu for 5 years, and what he sells is expanded from red wine to products in other categories. During the period I visited Yiwu, Telly was busy loading containers at Yiwu Port, and nearly had no time for interviews. The machine was roaring, and Telly couldn’t stop smiling as he watched the containers ready to be shipped.

A shop in the Yiwu Market

Face-to-face communication has contributed to an increase in orders. Fu Miaoling just received an order worth 120,000 yuan from a customer in the Middle East. “I sell bamboo products, such as bamboo tableware, mats, toys, and decorations. Customers can see the products in my store, and then they are more willing to place an order. For instance, this customer made a purchase soon after he came to my store.” Fu Miaoling said.

“Foreign customers have become more active and placed more orders. This is a signal of the recovery of their confidence .” Fu Miaoling told me that she and her business partners are also actively developing new products to adapt to the rapidly changing and scaling needs and markets.

The return of foreign businessmen has also boosted the local manufacturing industry. After communicating with several merchants in Yiwu International Trade City, I learned that although the factories have been on holiday one after another, they are prepared for many orders to be shipped after the Spring Festival. Fu Miaoling’s processing factory is located in Dachen Town, Yiwu City. She expects the factory will be even busier after the festival.

“Due to continuous demand from foreign merchants, there is an obvious increase in the order quantity. Therefore, my factory has planned to resume manufacturing early after the Spring Festival. And the workers will return gradually after Jan.29th. If there were not enough manpower by then, we will recruit some new staff.” A supplier told me.

It is reported that Yiwu has been trading with 232 countries and regions in the world, and its market is more than 65% export-oriented. Before the pandemic, the number of foreign merchants entering and exiting Yiwu was more than 500,000 per year. The staff of Yiwu’s entry-exit department told me that Yemen, India, Iraq, Pakistan, and South Korea rank among the top five in terms of the number of foreign businessmen in Yiwu.

With the joint efforts of sellers, the total import and export volume in Yiwu before December 2022 reached 442.22 billion yuan, an increase of more than 24% year on year. In 2020 and 2021, this number was 312.95 billion yuan and 390.31 billion yuan respectively. This means that in 2022, the total import and export volume in Yiwu exceeded 400 billion yuan, reaching a new level.

The District 4 of the Yiwu Market

What brings foreign merchants back to Yiwu? Yiwu still bridges the business and trade between China and foreign countries

“I did business in other countries and some cities in China before. In comparison, the business environment in Yiwu is more favorable. The government is service-oriented and the diversity of commodities from Yiwu is not accessible in other cities.” Carson told me.

“I am a middleman, and I help customers find what they need in the market. The products vary when there are a lot of customers. In other cities, I may have to purchase all I need in many marketplaces, which is time-consuming and exhausting. But in Yiwu, it’s so convenient to handle everything in the Yiwu Market,” Carson said.

I also noticed that the Yiwu government has implemented many policies to facilitate economic recovery. For example, “10 Measures to Improve the International Business Environment and Foreign-related Services in Yiwu” was implemented early in the New Year in 2023. It aims to attract foreign merchants in ten aspects including work and residence convenience, foreign production and management, foreign-related legal services, international integration communities, and so on.

In The Opening Economy Development Support Policy issued by Yiwu in 2022, some policies such as supporting enterprises to export for development and encouraging foreign merchants to invest in Yiwu are detailed and practical. For example, various projects set up with foreign capital and annual rewards according to the registered capital have brought tangible benefits to foreign businessmen in Yiwu.

Furthermore, to attract more foreign merchants to source in Yiwu and boost sellers’ confidence, Yiwu Mall Group released the “Regulations for the Application of Incentives for Foreign Buyers” in August 2022 to entice foreign buyers to return. According to the rules, as long as foreign merchants over 18 years old hold a business friend card, and have a record of entering the market for three days or more since the activity starts, they can apply for rewards. Many foreign merchants have already received rewards. The buyer A Zabidi from Yemen successfully received a room voucher worth 2,888 yuan from Huayue Hotel in Yindu after submitting his application.

Jimingshan Community, also known as the “United Nations Community”, has a permanent population of 29,000, including more than 1,300 foreigners from more than 70 countries and regions. He Wenjun, secretary of this community’s party committee, told me that with the cooperation of various departments, foreign residents can do more things in the community. The foreigner service center in the community supports visa applications for foreigners and provides foreign-related legal advice. On the Jimingshan Future Community Smart Service Platform, 56 daily affairs, including the application for e-business friend cards for foreigners, can be handled on the Internet. This is convenient and fast.

China Railway Express

“Yiwu is an open and inclusive international business city, and creating a leading international business environment has always been our goal for a long time. Our Foreign Affairs Office has been improving foreign-related services and creating a seamless communication channel for foreign merchants from other countries.” Zhu Gaomin, deputy director of Yiwu Foreign Affairs Office, told me.

In this aspect, the businessman Rocky from India has a deep feeling. “The Yiwu government has created various WeChat groups for us. If you have any questions, just tell their staff in the group, and they will contact you soon.” Rocky said. “ For example, many foreign merchants were not familiar with the related policies, so they had expired visas and even got involved in trade disputes. Then the government assisted them in solving these problems quickly.

In Nila’s opinion, the online and offline trade channels for all merchants established by the Yiwu government are convenient and effective, worthy of praise. For example, 24-hour electronic customs clearance and transit in the customs; anytime, anywhere with a mobile phone, you can log in to the online international trade city, “Chinagoods” and “Yiwugou” to source and purchase products; The China Railway Express can reach Europe in about 18 days. All of these are helpful to Nila’s business.

“With the adjustment of epidemic prevention and control measures and the changes in the pandemic, it is inevitable that foreign merchants return to Yiwu. Also, it is a clear signal that China’s economy is gradually restoring to a normal level!” Zeng Gang, dean of the Urban Development Research Institute of East China Normal University, told me that there is no fundamental change in China’s position as the “world factory”. And Yiwu is still one of the bridges in the trade between China and other countries. Therefore, revitalizing foreign trade in the Yiwu market as soon as possible is a crucial task at present.

In Zeng Gang’s view, Yiwu’s charm lies in the Yiwu model. The model is characterized by a combination of the store and factory, highly integrated production, supply and marketing, and the business culture of honesty, hard work and high efficiency. Although there is still uncertainty in 2023, the already-built sound business environment in Yiwu will bring bright future for all SMEs and sellers all over the world.

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Worktime of Yiwu Market During The Chinese New Year 2023 https://www.linkyiwu.com/worktime-of-yiwu-market-during-the-chinese-new-year/ https://www.linkyiwu.com/worktime-of-yiwu-market-during-the-chinese-new-year/#comments Mon, 13 Feb 2023 08:10:05 +0000 https://www.linkyiwu.com/?p=13848 The Chinese Lunar New Year, also known as the Spring Festival, is coming soon. It officially falls from Jan.21st to Jan.27th....

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Happy Chinese New Year

The Chinese Lunar New Year, also known as the Spring Festival, is coming soon. It officially falls from Jan.21st to Jan.27th. During this festival, sellers in the Yiwu Market will be on holiday. If you are planning to source from them, take a look at the scheduled opening and close time of this market.

scheduled open and close time of the Yiwu International Trade City

You are welcome to visit the Yiwu Market! If you need any help to source products, please get in touch with us.

Happy Chinese New Year!

And wish all of you good sales during the festival!

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Yiwu Market Guide: More Details About China Public Holidays 2023 https://www.linkyiwu.com/yiwu-market-holiday-schedule/ https://www.linkyiwu.com/yiwu-market-holiday-schedule/#comments Mon, 13 Feb 2023 08:07:38 +0000 https://www.linkyiwu.com/?p=14257 Seems like in a blink, 2022 is coming to an end and 2023 is around the corner. This year, we all...

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Yiwu Market Opens After Chinese New Year Holiday

Seems like in a blink, 2022 is coming to an end and 2023 is around the corner. This year, we all have been facing so many challenges. Still, we are very grateful to know you and have your support. Though this year is quite a tough year, we still hope you have harvested something, love and friendship, health and wealth.

Anyway, we are so happy to celebrate and reward ourselves with a wonderful vacation. May 2022 takes away all the virus, and The Year of The Rabbit 2023 brings us good luck and better times. We hope you enjoy a very happy holiday and look forward to the day we could meet again.

Source: envato
Source: envato

China Public Holidays 2023

DateDayHoliday
Dec. 31st – Jan. 2ndSat. to Mon.New Year Holiday
Jan. 21st – Jan. 27thSat. to Fri.Spring Festival
Apr. 5thWed.Tomb-Sweeping Day
Apr.29th – May 3rdSat. to Wed.Labor Day
Jun. 22nd – Jun. 24thThu. to Sat.Dragon Boat Day
Sept. 29th – Sept. 30thFri. to Sat.Mid-Autumn Day
Oct. 1st – Oct. 6thSun. to Fri.National Day

Chinese Calendar of 2023

Chinese Calendar of 2023
Chinese Calendar of 2023

Yiwu Market Open & Close Time (Except China Public Holidays):

Yiwu Market Different Districts Open & Close Time
Yiwu Market Different Districts Open & Close Time

Different districts and section also varies:

  • District 1 (flowers&plants, toys, jewelry, home decor.): 9am – 5:30pm (6pm in summer).
  • District 1- East (jewelry parts, jewelry, hair pieces): 9am – 6pm.
  • District 2 (umbrella, bags, luggage, hardware & tools, electrical & electronics, watches & clocks, bikes & scooters ): 9am – 5:30pm (6pm in summer).
  • District 3(office & stationary, paper products, cosmetics & beauty, zippers, buttons, garment accessories, sunglasses, sports ): 9:00am – 5pm (5:30pm in summer).
  • District 4 (household products, textile products),  9am – 5:30pm (6pm in summer).
  • District 5 (bedding, fabrics, hotel supplies & ceramics & glassware, pet products, dollar items, auto & motorcycle accessories & parts): 9am – 5:30pm .

For weekends, above timing can be delayed by 30 minutes.

The Holiday of Wholesale Market

Yiwu Market is opened during the whole year around except the Chinese Spring Festival. Unlike the official Spring Festival vacation, Yiwu market arranges an earlier and longer vacation period. Another difference is that, Yiwu market’s vacation is determined on the traditional lunar calendar basis. In terms of 2022 Spring Break, here is the arrangement.

And the all Chinese wholesale market have a similar timetable, so we list the timetable of Yiwu market below for your reference.

Vacation Time of Yiwu Market in 2023

  1. Yiwu International Trade City (District 1, 2, 3, 4, 5), Yiwu International Production Materials Market and Binwang 158 Cultural and Creative Park (infield) are closed in the afternoon of Jan. 17th (Lunar Date Dec. 26th).
  2. Imported Commodities Mall on the first floor of District 5 of the International Trade Mart and Huangyuan Clothes Market are closed in the afternoon of Jan. 19th (Lunar Date: Dec. 28th).
  3. ICMAll GlOBAL COLLECTION STORE is closed in the afternoon of Jan.21st(Lunar Date: Dec. 30th)

Resume Time of Yiwu Market

  1. ICMAll GlOBAL COLLECTION STORE is open at 10:00 a.m. on Jan.24th(Lunar Date: Jan.3rd)
  2. Yiwu International Trade City (District 1, 2, 3, 4, 5 and the Imported Commodities Mall), Yiwu International Production Materials Market, Huangyuan Clothes Market and Binwang 158 Cultural and Creative Park (infield) are open on Feb. 2nd (Lunar Date: Jan. 12th).

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Yiwu Market International Trade Mart District 1- East https://www.linkyiwu.com/yiwu-market-international-trade-mart-district-1-east/ https://www.linkyiwu.com/yiwu-market-international-trade-mart-district-1-east/#respond Mon, 13 Feb 2023 07:32:50 +0000 https://www.linkyiwu.com/?p=14147 Introduction Yiwu Market International Trade Mart District 1- East was launched for trial operation on January 6, 2016. The market covers an...

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Introduction
Yiwu Market International Trade Mart District 1- East
Yiwu Market International Trade Mart District 1- East

Yiwu Market International Trade Mart District 1- East was launched for trial operation on January 6, 2016. The market covers an area of 79,100 square meters, with a floor area of 370,000 square meters and more than 2,500 booths. The first-floor deals in jewelry accessories; the second-floor deals in fashion jewelry and jewelry accessories; the third-floor deals in fashion jewelry.

Map of Yiwu Market District 1- East

Map of Yiwu Market District 1- East
Map of Yiwu Market District 1- East

Products You Can Source from Yiwu Market District 1- East

FloorProduct Categories
1FJewelry Accessories
2FFashion Jewelry, Jewelry Accessories
3FFashion Jewelry
Floors Index

Yiwu market map details are available. Please click here to download the electronic version or download the Yiwu Market guide APP. And also you can visit the official site of the market to see what the suppliers supply.

Yiwu Market District 1- East Gallery

Examples of Jewelry Stores

Chinese Traditional Jewelry in Yiwu Market
Chinese Traditional Jewelry in Yiwu Market
Religious Ornament in Yiwu Market
Religious Ornament in Yiwu Market
Jewelry Accessories in Yiwu Market
Jewelry Accessories in Yiwu Market
Porcelain Ornaments in Yiwu Market
Porcelain Ornaments in Yiwu Market
Various Styles of Headbands
Various Styles of Headbands

Product Examples

Chinese Traditional Jewelry Examples
Chinese Traditional Jewelry Examples
Religious Ornament Examples
Religious Ornament Examples
Jewelry Accessories Examples
Jewelry Accessories Examples
Porcelain Ornaments Examples
Porcelain Ornaments Examples

Yiwu Jewelry Market

Jewelry is one of the most competitive industries in Yiwu. Yiwu jewelry market is the famous market in Yiwu, which is located on the second floor of District 1 of Yiwu International Trade City and the newly expanded District 1- East. District 1- East has more than 2,500 fashion booths of jewelry and hair accessories. A typical booth, about 4*4*3m, with two or three assistants and displays the samples as various as possible. Furthermore, booths with different Jewelries and hair accessories have been displayed next to each other. Hence, you can find many different jewelry designs here, without spending a lot of time.

Product

The main products in Yiwu jewelry market are rings, earrings, necklaces, bracelets, hair accessories, jewelry sets, etc. There are tens of thousands of different materials and designs for wholesale buyers to choose, compare and purchase. Prices range from a few cents to a few hundred dollars relying on materials and workmanship, and there are plenty of dollar items here.

As for the samples, most of them are not available, as there is only one of each kind in a booth. But sometimes a few booths offer free samples if you have a strong desire to place an order. Most booths prefer you buy a sample first and then deduct this fee from your future orders. It is true that buying a sample is much more expensive than the wholesale price, but still much cheaper than the retail price in stores.

Supplier

Suppliers in the Yiwu jewelry market come from all over China. Yiwu market is very popular and famous around the world, so those jewelry suppliers come here to set up shop to get orders from more foreign jewelry buyers. In addition, the main jewelry suppliers are from Yiwu city in Zhejiang province and Guangzhou city in Guangdong province. These two major provinces have a strong industry base for jewelry manufacturing.

Yiwu jewelry market is aimed at diversified market demands rather than certain markets or buyers. Therefore, wherever jewelry buyers come from, they can always find the right jewelry suppliers for their own business in their countries.

MOQ

In wholesale, minimum order quantity is a professional term that wholesale buyers are very familiar with, and so are buyers who come to Yiwu jewelry market. Moreover, as the name suggests from the Yiwu wholesale market, these jewelry buyers usually come here to look for bulk cargo orders.

The MOQ of jewelry is usually around a couple of hundred pieces per design in the Yiwu jewelry market. However, each supplier’s MOQ could be different and flexible. Even if buyers want to purchase in small quantities, they can still find those jewelry suppliers who are willing to supply, because suppliers in Yiwu jewelry market are looking for long-term business relationships.

Conclusion

Cheap prices, lots of designs, fast updates, and OEM accepted, these advantages make Yiwu Market International Trade Mart District 1- East a very good destination for fashion jewelry buyers. A 2-4 days visit can easily make up a full line for the coming season.

Welcome to Yiwu Jewelry Market!

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Yiwu Market International Trade Mart District 1 https://www.linkyiwu.com/yiwu-market-district-1/ https://www.linkyiwu.com/yiwu-market-district-1/#respond Mon, 13 Feb 2023 06:58:55 +0000 https://www.linkyiwu.com/?p=14101 District 1 of Yiwu Market, alternatively called Yiwu Market , consists of two adjacent blocks: the original District 1 and the newly-expanded East Mart....

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District 1 of Yiwu Market, alternatively called Yiwu Market , consists of two adjacent blocks: the original District 1 and the newly-expanded East Mart. The former has been running since 2002 and the later is newly put into use in early 2016. Jewelry, accessories, jewelry beadings, artificial flowers, crafts and toys are mainly concentrated in this market. Since 2002, the International Trade Market District 1 has always been the busiest block all the time. More than that, District 1 has bearing a profound meaning itself. It’s the earliest built market and has gone through the whole same development history as Yiwu city has done. Next, we’ll show you the live video and some photos we’ve taken at the District 1, and will tell you which products are available in District 1, and how to make a deal with storefront suppliers.

District 1 video guide

Product categories in District 1 of Yiwu Market

Ok, so now you are standing at the District 1.

If you feel a little lost at a look at the ocean of small commodities, including aisles and arrays of dazzling gadgets. Don’t worry. You just need to find the guideboard. On this board, all available products are listed in a clear and orderly way.
In this District 1 alone, nearly over 10,000 suppliers are affording commodities mainly on the 1st, 2nd, and 3rd floors.

Here is a sheet of product categories in differnt floors.

FloorProduct Categories
District 1-1FInflatable Toys, Electric Toys, Ordinary Toys, Stuffed Toys, Artificial Flowers, Components for Artificial Flowers
District 1-2FJewelry and Accessories, Hair Ornaments
District 1-3FPorcelain & Crystals, Components for Accessories, Photo Frames, Tourist Handicrafts, Decorative Handicrafts, Festive handicrafts
District 1 east-1FOrnament Accessories
District 1 east-2FOrnaments, Ornament Accessories
District 1 east-3FOrnaments

Yiwu market map details are available. Please click here to download the electronic version or download the Yiwu Market guide APP. And you can also visit the official site of the market to see what the suppliers offer.

The first floor of Yiwu Market District 1
The first floor of Yiwu Market District 1
The second floor of Yiwu Market District 1
The second floor of Yiwu Market District 1
The third floor of Yiwu Market District 1
The third floor of Yiwu Market District 1
The fourth floor of Yiwu Market District 1
The fourth floor of Yiwu Market District 1
Note: You can click the image and open it in a new tab in your browser. Then these images could be clear for you to check the related information. 

District 1 gallery

District 1 street view
District 1 street view
Crafts area in District 1 of Yiwu Market
Crafts area
Toys area in District 1 of Yiwu Market
Toys area
Jewelry area in District 1 of Yiwu Market
Jewelry area
Decors area in District 1 of Yiwu Market
Decors area

How to do business with suppliers in District 1

Stability of suppliers and profession level

In the market, suppliers vary startlingly by their profession level and experiences. There are famous brands with tens of years’ history, and those newly entered newbies as well. They are mixed up with one another. According to a survey, about 20% of suppliers are newly moved in every year. Thus, you need to learn how to distinguish one from the other. Overall, the competition is intense. Thus, you may do business with one supplier, but couldn’t find him next year. All together, their services are not at the same level. Chances are that some of them might probably put the wrong label, fail to deliver the order in time, or get a high defective rate.

Are they factories?

About two-thirds of suppliers in the market are traders, and a small number of them are factories focusing on small-sized production. Many traders will tell you that they are factories. But they are just house-based workshops that only process several products, but source a large part of products from other factories. In fact, claiming themselves as factories is one of their marketing strategies. But take a step back. If you can find the right product, it doesn’t matter whether the supplier is a factory or a trader.

Is the price competitive?

The answer is definitely YES! Products here are lower-priced than those at Guangzhou Canton Fair. It’s due to the different types of suppliers. In the Yiwu market, the upper supply chains are always house-based workshops that feature with low management costs. Compared to those big factories, the same product is sure to have a competitive price here. Of course, various management modes can result in different quality levels.

How about the quality?

Product quality right now is greatly improved, compared to ten years ago. A Europe-based customer said “Many years ago, a toothbrush was only 2 cents. There was no way for good quality. Now the price is going up, and the quality is becoming acceptable. You get what you pay for. No matter what your price is, suppliers can make products at your target price anyway. Maybe that’s the flexible Made-in-China feature.

Language?

Most suppliers speak Mandarin while a minor group of them speak Cantonese. They can hardly speak English and other foreign languages. Most often, buyers will take an interpreter along with them. If you are clear about the product you plan to source, just take a calculator. Suppliers will enter their quotation prices on the calculator. They are often used to doing that. But we still suggest you find an agent or contact an interpreter beforehand because they can help you a lot while browsing around the market.

Pros and cons of District 1 of Yiwu Market

Pros

  1. Small-batch purchases are acceptable. The MOQ can be lowest to one carton or one dozen.
  2.  Complete product categories are available. There is no such a market in the world where you can find all kinds of stuff as the Yiwu Market.
  3. Advanced logistics are affordable. Hundreds of different products can be consolidated into one container.
  4.  All year-round service is guaranteed. Except for the Spring Festival, the market is on service throughout the whole year, including the weekend.
  5. Price is competitive. That guarantees you a huge profit margin.

Cons

  1. There could be the language barrier. Buyers need to find an interpreter or agent for help.
  2.  Some suppliers need to improve their service and be more professional.
  3.  There is still room for the product quality to reach a satisfactory level.
  4.  Failure of in-time shipment often happens.

Conclusion

Taken together, small and medium buyers fit with District 1 of the Yiwu Market, such as Amazon sellerssmall retailers, wholesalers, chain stores, and supermarkets.

Let’s take small retailers as an example. Usually, they come to Yiwu once or twice every year and place one to two containers every time. But they gain much more profit in this way than they directly source from their domestic upper supply chain.

Moreover, the most competitive products in District 1 are jewelry, toys, crafts, and decoration supplies. They are counted at the top among the China markets. It is easy for small retailers to earn a healthy profit with these products.

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Yiwu Market International Trade Mart District 2-East https://www.linkyiwu.com/yiwu-market-district-2-east/ https://www.linkyiwu.com/yiwu-market-district-2-east/#respond Mon, 13 Feb 2023 06:58:47 +0000 https://www.linkyiwu.com/?p=14228 Yiwu International Trade Mart District 2-East locates on the east of the District 2-F area of the Yiwu Market. It is...

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District 2-East of Yiwu Market
Yiwu Market District 2-East

Yiwu International Trade Mart District 2-East locates on the east of the District 2-F area of the Yiwu Market. It is connected with District 2 through 2 corridors.

This market covers about 131,000 square meters with five floors. On the first and second floors, it hosts over 490 booths for wholesale. Every booth takes up 16 to 60 square meters. And most booths cover an area of 20-30 square meters.

Businesses on the first floor mainly sell home improvement and hardware tools while those on the second floor focus on new energy products.

On the third to fifth floors are parking lots with about 1,400 parking spaces.

FloorIndustry
1Home improvement tool; Hardware tools; Locks
2New energy products
3-5Parking lots
Hardware tools in Yiwu International Trade Mart District 2-East
Hardware tools in Yiwu International Trade Mart District 2-East
Home improvement tools in Yiwu International Trade Mart District 2-East
Home improvement tools in Yiwu International Trade Mart District 2-East
New energy products in Yiwu International Trade Mart District 2-East
New energy products in Yiwu International Trade Mart District 2-East

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Yiwu Market International Trade Mart District 2  https://www.linkyiwu.com/yiwu-market-district-2/ https://www.linkyiwu.com/yiwu-market-district-2/#comments Mon, 13 Feb 2023 06:58:29 +0000 https://www.linkyiwu.com/?p=14107 The District 2 of Yiwu market is adjacently connected to the District 1. Just as its name implies, it’s the second...

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The District 2 of Yiwu market is adjacently connected to the District 1. Just as its name implies, it’s the second oldest market building in the Yiwu Market. It’s first put into use in 2004, and so far, it has accommodated more than 8,000 storefronts. It is most featured with the Centralized Purchasing Center, which’s set up for large sourcing groups, such as Wal-Mart, China Mobile, and China Telecom. As for product category, it mainly is involved with luggage, hardware tools, watches, lights, etc.

Now, let’s have a look at what particular products are listed in District 2 and where you should pay attention to while doing business with them.

District 2 video guide

Product categories in District 2 of Yiwu Market

As always, find the Guide Board first. It will tell you what’s sold here and how to find your product. According to the official numbers, over 20,000 suppliers are available here, and most of them are concentrated on the 1st to 4th floor.

FloorProduct Categories
District 2-1F (F&G section)Ponchos, Packaging, Umbrellas, Bags, Suitcases
District 2-2F (F&G section)Hardware Tools, Components, Locksets, Electrical Engineering Products
District 2-3F (F&G section)Clocks, Watches, Small Household Appliances, Kitchen and Sanitary Hardware, Telecom Supplies
District 2 4F (F&G section)Electronic Instruments, Photographic Apparatus, Batteries, Lamps, Flashlights, Electronic Products, Clocks, Watches, Boutique Bags, Suitcases.

Yiwu market map details are available. Please click here to download the electronic version or download the Yiwu Market guide APP. And also you can visit the official site of the market to see what the suppliers supply.

The first floor of Yiwu Market District 2
The first floor of Yiwu Market District 2
The second floor of Yiwu Market District 2
The second floor of Yiwu Market District 2
The third floor of Yiwu Market District 2
The third floor of Yiwu Market District 2
The fourth floor of Yiwu Market District 2
The fourth floor of Yiwu Market District 2
Note: You can click the image and open it in a new tab in your browser. Then these images could be more clear for you to check the related information. 

District 2 gallery

The gate of  District 2 of Yiwu Market
The gate of District 2 of Yiwu Market
Ceramics in District 2 of Yiwu Market
Ceramics in District 2
Electronics products area in District 2 of Yiwu Market
Electronic products area
Packaging supplies area in District 2 of Yiwu Market
Packaging supplies area
A hat shop in District 2 of Yiwu Market
Hats in District 2
Umbrella and rain gear in District 2 of Yiwu Market
Umbrella and rain gear

How to do business with suppliers in the District 2

How about the lead time?

The whole leading time slightly varies depending on its product attributes, specific details of parts, and estimated quantities. But more often than not, the lead time is approximately from 5 days to  30 days or so. If they keep components in stock, then the leading time can always be shortened into one week.

But keep in mind that you might be replaced by your competitors if you don’t move fast. When it comes to the lead time, a very important factor should be considered. That’s the deposit. Please remember that, Chinese suppliers won’t start purchasing materials until the deposit hits on their bank account.

How about the MOQ?

Yeah, you might have heard that low MOQ is available in the Yiwu Market. But does it really happen there? It depends.
You might come across a supplier who accepts 1 carton only, but at the next storefront, you can get stung by the hefty MOQ requirement. And why?
The answer lies in whether they have the off-the-shelf stock or not. If they have the off-the-shelf item, they will accept the 1 carton MOQ. Remember that Chinese suppliers are happy to do small business, but they won’t make themselves to.
On the contrary, if they do not have any stock, the supplier will ask for a higher MOQ, because they need time to produce it. It’s a money and time-consuming process. What’s more, their subcontractors have their MOQ requirements. When we pool those together, the final MOQ comes as no surprise.

What if my order can’t reach a container volume?

Don’t worry about that. The Yiwu Market has developed a special global logistics system. Find an agent, and let them deal with all those hassles. They help you prepare necessary documents and consolidate your cargo with many other buyers’ into one container. Send your goods to the designated warehouse, and one month later, your goods will arrive at your side safely. At the same time, buyers share the sea freight together. It saves you a lot of money.

Pros and cons of District 2 of Yiwu Market

Pros

  1. MOQ is negotiable. You can find a small MOQ for the off-the-shelf item, and the price is very nice.
  2.  Suppliers are intensively gathering in a given aisle upon their product categories, making it easier for you to inquire about prices.
  3.  A special global logistics system with affordable costs is available.
  4.  The centralized Purchasing Center is separated to cater to large buyers.
  5.  A competitive price is guaranteed.

Cons

  1. Language barrier exists. You need to find an interpreter to help with the negotiation.
  2.  You need to vet the supplier in person. Many suppliers claim that they are original factories, but they are not.
  3. Most suppliers won’t sign contracts with foreign clients.
  4. Lead time is expanded occasionally. You’d better find someone to follow up on the product supply chain.

Conclusion

Compared to District 1 of Yiwu Market,  District 2 is more like a big home to icon products from different cities. This means all products here are very competitive in the world market. 

For instance, the hardware tool is the featured product in Yongkang, thus, most hardware tool suppliers in District 2 are from Yongkang. Watch and clock suppliers are inclined to be Shenzhen-based. Lamps are from Zhongshan in most cases. 

In other words, you can find large manufacturers as well. But when branded factories and small middlemen mix together at District 2. It may take more time to find the right supplier.

The post Yiwu Market International Trade Mart District 2  appeared first on Yiwu Market Guide, Yiwu Agent, Yiwu China.

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