If you’re looking for the cheapest shipping method for your wholesale imports in the China Yiwu market, you’ve come to the right place. This article will break it down for you.
Shipping by Sea
The first is shipping by sea. Known as ocean shipping, which is the best for wholesale importers. So everyone wants that right, YES. Can everyone do that? NO. The prerequisite for you to do this shipping method is you need an import license or a broker, also known as a customs clearance agent. Who will go to your country’s customs department to submit documents and release FCL or LCL goods for you? Only after that, you’re able to get your cargo. When the vessel arrives at the port of discharge, your shipment will be in the hands of your country’s customs first. Then you or your broker need to clear customs by providing legit and formal documents for customs to hand your cargo containers to you.
The second is door-to-door. Known as DDP (Delivered Duty Paid). If you can’t clear customs by yourself or do not have a broker to do that for you, but still want a relatively cheap shipping price, door-to-door is the best for you. The most crucial feature of door-to-door is you don’t have to clear customs by yourself; Instead, we will do that for you. You wait to get your cargo to your warehouse. Moreover, there are door-to-door by sea and door-to-door by air, by sea is always the cheapest. For door-to-door by sea, you will be charged by the space of your goods, also known as CBM.
What is CBM? Simply put, it is a cubic meter. let me give you one example, 60 by 50 by 40 centimeters is the length width, and height of one carton box, then the CBM for this carton box is 0.6 by 0.5 by 0.4 equals 0.12 CBM. In this way, the door-to-door shipping cost varies depending on different countries. You’re welcome to watch how to ship door-to-door if you want more details.
Shipping by air
The third is shipping by air. Under air shipping, you will be charged by kg instead of CBM. So you could probably imagine that shipping by air is way more expensive, not extremely expensive but quite expensive compared to the previous two shipping methods. You must know the volumetric and actual weight to use this shipping method.
I will still take the same example for a better explanation for you. Now you have the same one-carton box, the dimension is still 60 by 50 by 40 centimeters. Let’s say the actual weight of this carton box is 20 kgs, so what is the volumetric weight here? You need to remember the formula as everyone does: 60 by 50 by 40 divided by 5000, so the volumetric weight for this carton box is 24 kgs.
Why do we need to divide 5000? Well, it’s just a formula. Same as we don’t know why one plus one is two, but we see the result is two, right? Here is the critical thing, we have 20 kgs for actual weight and 24 kgs for volumetric weights. Which one will you be charged? You remember this, all the airlines are assholes, and they will charge you the most. The 24 kgs is the final weight they’re gonna charge you. So clear and simple now.
All right, now I believe you understand those three shipping methods and can choose the best shipping method for your wholesale imports in China Yiwu city. Below is the full introduction to the China Yiwu market. Scroll down to keep reading if you are interested.
Yiwu Market: Wholesale Imports Center
China Yiwu Market is the ultimate destination for wholesale imports to big quantity buyers. Now for those who don’t know about China Yiwu Market, here we specifically made a complete introduction to China Yiwu Market. The highlighted map below is the famous China Yiwu market. It’s the biggest wholesale market in the world, and the United Nations recognize this.
To clarify, as a wholesale imports center, there are 5 districts in the China Yiwu Market. Each section on each floor is for a particular product, China Yiwu Market is a well-organized market for worldwide buyers to come to do business efficiently.
China Yiwu Market, is the largest wholesale market in the world. Also known as Yiwu wholesale market or Yiwu international trade market. As I mentioned above, there are over 80,000 suppliers in China Yiwu market, which makes Yiwu market the biggest commodity market in the world.
On the other hand, China Yiwu Market covers an area of 4 million square meters and exhibits 400,000 products. These products come from around 40 industries and include 2,000 categories of goods.
In the early 1980s, China Yiwu city was an impoverished rural county historically known for its small traders. Who mostly bartered sugar for chicken feathers during the Qing dynasty. When the China Yiwu Wholesale Market opened in November 1982, it merely consisted of a few hundred sheds and stalls, but it proved highly popular and grew quickly, which paved the way for wholesale imports.
In 1983, the county government spent 580,000 yuan (US$293,567) on building a new market of booths. By the end of that year, more than 1,000 vendors were selling over 3,000 products. Most of them are from outside Yiwu China.
In October 1984, the China Yiwu Market continued its rapid growth and expanded multiple times. The number of market booths exceeded 10,000 in 1991. Moreover, the World Bank called it the world’s largest small commodities market in 2015.
By 2013, it attracted more than 20,000 customers daily from all over the world and sold US$11 billion of goods annually. Till 2019, there are more than 80,000 booths for worldwide buyers to choose from in the China Yiwu Market.
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