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.