What is this article about?
Wanna know the latest updates about the Yiwu market after the Chinese Lunar New Year? This article gets a firsthand business opinion & forecast & trend from suppliers in the Yiwu market for 2021. After over 1 Week of the Chinese new year, the Yiwu market re-opened on Feb 20, 2021. We will interview one supplier in each district (total 5 districts) in the China Yiwu market.
Yiwu Market 2021
2021 China’s new lunar year is from 12-20, Feb, 2021. As many Yiwu market suppliers work in Yiwu city and they need time to go to their hometown, so Yiwu market closed on Feb 8, 2021, and opened on Feb 20, 2021. So officially, the Yiwu market is closed for 12 days.
As a professional Yiwu market agent, keep customers posted on every situation is not only our job but also our professional. Therefore, we visit the 5 districts and pick one Yiwu market supplier to interview in each district in the Yiwu market. Other than know the Yiwu market opening situations, we also try to get to know situations about suppliers in the Yiwu market, information like how was their business in 2020, how much their business got affected by COVID-19, what Yiwu market suppliers think of business in 2021, etc.
Yiwu Market Suppliers
We prepared 8 questions for Yiwu market suppliers when we interviewed with them, so let’s see what Yiwu market suppliers’ responses.
1. When did they opened their shops in the Yiwu market
Feb 20, 2021. Shops in the Yiwu market doesn’t mean just shops, suppliers do not do retail, the shops basically means sample room for wholesale buyers to check quality before make orders. In the wholesale business, it’s important to check and confirm sample first before suppliers starts producing tens of hundreds of thousands of pieces. So you could consider shops are the sample rooms of suppliers.
2. Have suppliers’ business got affected by the COVID-19?
As COVID-19 is a global pandemic, so almost every industry got affected in 2020, so did the Yiwu market. According to the Yiwu market suppliers in the interview, they did not have any business in the first half-year in 2020.
However, their business start covering and coming back. A lot of old customers even new customers decided to make orders without coming to the Yiwu market physically, although many of the suppliers get relatively small order quantity. The recovery gave them strong confidence about the future because no matter what, life and business still need to go on.
3. What products do suppliers export to?
Yiwu market has 5 districts, each district has 4-5 floors, there are over 75000 shops across the whole Yiwu market. Moreover, those suppliers in the Yiwu market are selling tens of hundreds of thousands of products. Therefore, customers can easily choose suppliers, compare quality, select the best prices in the Yiwu market due to way more enough options for choosing suppliers.
4. Do they have factories?
There are 3 types of Yiwu market suppliers manufacturers, traders, distributors. According to our over 7 years of market sourcing experience. A lot of suppliers in the Yiwu market have their own factories, factories sizes are small, medium, big. Various types of suppliers is the key reason that Yiwu market attracts over million wholesale buyers every year.
5. Which countries do suppliers export to?
In fact, the Yiwu market attracts customers from all over the world. The top 10 export countries for the Yiwu market are India, Iran, Iraq, USA, Philippines, Egypt, Malaysia, Algeria, Brazil, Saudi Arabia, Pakistan.
6. Have suppliers’ customers got affected by COVID-19 ?
Suppliers’ customers got affected by the global pandemic, there is only a difference in severity. For example, some suppliers’ business got affected seriously due to their main customers are from Europe and USA; Some suppliers’ customers are based in Southeast Asia, business still got affected but not as bad as Europ. According to Yiwu market suppliers, although the pandemic affected globally. Still, their customers start doing business in the next half-year of 2020, even with small quantity, which is a good sign to the suppliers in the Yiwu market.
7. How suppliers sell their products?
A lot of suppliers start doing online business Because of the rise of global e-commerce a few years ago, famous platforms like Alibaba, Amazon, Aliexpress are the top choices for suppliers to expand their business. On the other hand. The Yiwu government and Yiwu market group developed Yiwugo App for Yiwu market suppliers, the Yiwugo website gives 3 dimension view of every supplier in the Yiwu market suppliers for customers. Customers could check and select their flavor suppliers by visiting the Yiwugo website, click here to know more how to use Yiwugo app on the phone to find products and suppliers in the Yiwu market.
8. What suppliers think of business in 2021?
Many Yiwu market suppliers are still confident about business in 2021, they gave 2 reasons to convince. One reason is the virus won’t last forever, all countries gradually realize the severity of the epidemic and acted quickly accordingly, many countries work together globally to deal with the epidemic. The other reason is vaccine came up and already in use. To sum up, Yiwu market suppliers strongly believe that overcoming the epidemic is only a matter of time.
One-Stop Sourcing Service
Our one-stop sourcing service (also known as one-stop service) includes airport pickup, market guide, order tracking, cargo consolidation, quality control, loading container, and shipping. So, what is our one-stop sourcing service all about? Below are the details:
Firstly, Airport Pickup
Our car team service will make sure customers come to see us right away. Although this is not a very big issue for customers with the convenient transportation system in China nowadays. We still believe excellent service needs to be maintained in a professional way.
Secondly, Yiwu Market Guide
As one of the best Yiwu agents in Yiwu city, we choose the proper suppliers for customers either in the China Yiwu Market or direct manufacturer, which depends on the products customers want to purchase. Basically, you could find almost all types of products in the Yiwu Wholesale Market. More importantly, as a professional Yiwu agent company in Yiwu city, we know every corner of the Yiwu Market.
Moreover, customers might want to deal with direct factories instead of the Yiwu market. This is also no problem for us as we have over a hundred suppliers’ teams to choose from. To sum up, guiding customers to manufacturers is just as same as we do in the Yiwu market, China.
Thirdly, Order Tracking
After customers leave Yiwu Market with all confirmed orders, we will step in to track all order status. This is to make sure the lead time, delivery time, quality, quantity, product specification is all approved. Then keep customers posted on every situation for every order they placed in the Yiwu market, China.
Fourthly, Quality Control
As a professional Yiwu agent company, our quality control includes 3 phases.
Firstly. Confirmation sample. This step is just to confirm that the products customers ordered are perfect in quality, quantity, package before production starts.
Secondly. Production sample. Suppliers will start production based on the confirmation sample, but still, we need to check what real production product looks like, this is a necessary procedure to avoid any mistake or misunderstanding between customer and supplier.
Lastly. Vessel sample. After production is done, we will do 20% randomly testing on all products which are ready to ship. It is our quality-control for customers as a Yiwu agent in Yiwu market.
Fifthly, Warehouse Facility
The good thing to have our own warehouse in Yiwu city is to have everything under control. Moreover, there is usually more than one supplier to manage. For example, the goods in one container are from over 10 different suppliers.
So, as the customer’s Yiwu agent company, not only we need to do the above procedures, but also we need to collect all products in our warehouse on time after quality control before shipping. In short, making all products ready in the warehouse will be very helpful for us to proceed with shipping.
Sixthly, Container Loading
As a top Yiwu agent, firstly, we start with the large and heavy items and load them on the floor against the front wall of the container. Secondly, continue loading heavier items on the floor and towards the front of the container, placing lighter items on top. Lastly, pack the items tightly so nothing moves. Work the way along in tiers loading from bottom to top.
Moreover, look at the spaces in the tier and put an item to fill that space if possible. In short, packing and loading the container well is the key to getting our shipment in good shape on the other end.
Seventhly, China Customs Declaration
As a professional Yiwu agent, we will submit all documents to china customs about products and containers, such as declaration documents invoice contracts certificate of origin form E fumigation certificate, etc.
Only will finish the customs declaration and get a greenline from china customs, then the container will be boarded to the vessel and start selling to the destination discharge port. Last is we will provide documents, like the original bill of lading invoice packing list or customers to release container by themselves.
After the vessel arrive at discharge port so in general, the customer’s declaration is more about paperwork with that being said, we will confirm all documents with customers in advance, this is to make sure that there will be no issue for products and container later.
Now the last is eighth, which is also the last part of our one-stop sourcing service is shipping. Well, after we finish the loading the containers will be sent to the loading port and in the good hands of vessel companies. Although products are leaving china to its destination.
As a professional Yiwu agent, we still could remotely monitor container and vessel status, we won’t stop coordinating with forwarders and vessel companies until containers arrive at destination discharge seaport and received by our customers. Other than shipping by sea， we also have other shipping methods like shipping by air door to door and railway etc.
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 Yiwu market was opened in November 1982, it merely consisted of a few hundred sheds and stalls, but proved highly popular and grew quickly. In 1983, the county government spent 580,000 yuan (US$293,567) to build a new market consisting of booths. By the end of that year, there were more than 1,000 vendors selling over 3,000 products, most of them from outside Yiwu China.
In October 1984, the Yiwu Market continued its rapid growth and was rebuilt 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 in Yiwu market, Yiwu city, China.
China Yiwu market is the ultimate destination for buyers to come to Yiwu city. Now for those who don’t know about Yiwu market, here we specifically made full introduction about Yiwu market. The highlighted in map below is the famous China Yiwu market, actually it’s the biggest wholesale market in the world, this is recognized by the United Nations.
To clarify, there are total 5 districts in Yiwu market. Each district each floor is for certain product, truth be told, Yiwu market is well organized market for worldwide buyers come to do business easily.
Yiwu market, the largest wholesale market in the world. China Yiwu market, also known as Yiwu wholesale market or Yiwu market. As 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, exhibits 400,000 kinds of products. These products come from around 40 industries and include 2,000 different categories of goods.
Until now, we believe that the vital question “how to import from Yiwu” has been answered in full scale for a lot of wholesale buyers who wanna come to the Yiwu market for import and sourcing.