YES there are quality products in Yiwu.
Historically Yiwu was a wholesale market, established in 1982, designed for trading within the Chinese market.
Then exportation from China began, initially with the emerging countries (Middle East, Africa, South East Asia) who were seeking low prices before all else.
35 years later, Yiwu’s business model has changed completely, and is now focused completely on exports from China.
It is estimated that 70% of trading on Yiwu today is exported.
Over the last 10 years, the market has re-structured itself to respond to the steady growth of exports, in particular to the European market..
In 2017 the longest railway line in the world, connecting Yiwu to London, was inaugurated, marking the determination and strong will of the Chinese government to make Yiwu THE trading city in China for the development of the European export market.
In conclusion, YES you can find quality products in Yiwu which can satisfy the requirements and expectations of the most demanding markets.
NO.
Although based in Yiwu, we have a network of more than 22000 partner factories all over China, enabling us to provide you with different offers to those offered at Yiwu.
With 10 years of experience in China, our sourcing service is able to answer most of your requests and to prepare proposals for you according to your specific requirements.
Our Yiwu warehouse can serve as a consolidation point for ALL your China orders.
Our target market (Europe, USA), is one of the most demanding in terms of Quality.
Apart from Price, the consistency of our offers meets the requirements that you are entitled to expect (Packaging, Design, Product Range, and Compliance with Standards).
Through our corporate mission, « OUR DUTY IS TO SATISFY YOUR REQUIREMENT », the French management team provides the foundations of this pillar of recognition, through the integral management of the supply chain from placement of the order through to loading of the container and shipping.
All sales orders are consolidated, controlled, repackaged, and loaded by IWOO teams at our Yiwu warehouse.
Reasons why it is very difficult to import from Yiwu :
Communication with suppliers: Chinese is the key language on the Yiwu market.
Order processing: Forget your Western benchmarks! None of the suppliers in Yiwu uses email, catalogues, price lists…
Method of payment : All purchases are made in RMB! It is impossible to make international transfers to suppliers. Payment must be in RMB cash and the annual foreign currency exchange ceiling in RMB is 20,000USD.
Quality control: Your quality criteria as Westerners are of such a high standard that it would be inconceivable and irresponsible to export your goods from Yiwu without having performeda thorough quality control on them.
Export license: When you buy from Yiwu the incoterm is EXW (price ex warehouse supplier). In this case an license will be required to export your purchases.
Logistics Management: An essential element for the success of your purchases, poor management of your logistics can penalize your purchase cost. Good logistics management is as important as negotiating good prices with your suppliers. IWOO offers optimized solutions, to guarantee you
the best cost prices.
Whether you are a wholesaler, importer, supermarket, hypermarket, a group of stores, a trading company, a purchasing office, or simply a retailer, a stallholder or an online sales site, YIWU will be of great interest to you
Today, we collaborate with major international retailers, central purchasing departments of large distribution groups, importers, and customers with lower purchasing volume. Our unique knowledge enables us to combine an infinite product range with very flexible supply conditions, trusted by IWOO services to meet the needs and expectations of each individual client.
If you import from China you must certainly collaborate with factories or trading companies, which in 90% of cases require that you fill a container or have a minimum order (MOQ) in order to begin production.
Working in LCL (less than container load) is very difficult with these factories and complicates the export process if you do not have an export license.
Working and ordering from Yiwu can complement your current sourcing in China. In Yiwu we corder by the CARTON and in general, the MOQ is 5 cartons.
Working in Yiwu enables you to :
– extend your range of products which do not warrant a container load, due to small sales volume
– Streamline your supplies from China by importing containers of mixed products
– ensure a faster turnover of inventory thus minimizing risk.
Today we export for our customers a mix of 20GP of 40GP/40HQ containers with more than 100 different references
Yiwu City is known as: “An ocean of goods, a paradise for consumers“
Unequivocally the largest B2B trading market in the world and a “Paradise for Buyers”.
Yiwu attracts traders from around the world with 18 wholesale markets offering a broad range of products.
The “Chinese City of Commodities” was honored in 2005 by the UN, the World Bank and Morgan Stanley as “the world’s largest wholesale market for small goods».
The Yiwu International Trade Market (Futian Market) is the largest small commodity market in the world. It currently covers an area of 5 million square meters, with 90 000 suppliers. It has 400,000 types of products and is open every day from 9am to 5pm.
The products originate from over 40 industries and 2,000 different categories.
70% of these products are exported to more than 169 countries worldwide.
Whether you are a wholesaler, importer, hypermarket, a group of stores, or simply a retailer, a stallholder, or an online sales site YIWU is for you !