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Yiwu Market Guide

Yiwu market is often referred to as the "World's Largest Small Commodity Wholesale Market." It is a sprawling, vibrant trading hub known for its immense variety of consumer goods and merchandise. Merchants and traders from all over the world make conduct business transactions with China in this city. We will answer some of the most common questions of foreign customers who want to do business in Yiwu.
  • Q What is the whole process of buying from China?

    A Buying from China involves a number of steps, which we'll briefly describe to you below:
    1) Product Research and Selection.
    You need to identify the specific products or categories you want to import first and this is basedn on your research of market demand, competition, and potential profit margins.
    2) Supplier Search and Verification.
    You can search for suppliers and factories through sourcing agents or online platforms like Alibaba, Global Sources and Made-in-China. To ensure product quality, you can ask for samples to check.
    3) Negotiation and Price Agreement.
    Initiate negotiations with different suppliers to get favorable terms and discuss pricing, payment terms, lead times, and quality control measures. Then reach an agreement and draft a purchase contract with suppliers.
    4) Payment.
    Usually you just need to pay for deposit and the balance paid before shipment. The payment can be paid through methods like wire transfers or online payment platforms. 
    5) Quality Control and Inspection.
    The purchase to arrange product inspections is to ensure they can meet your specifications and quality standards. Sourcing agents or other third-party inspection companies can help you do this.
    6) Shipping and Logistics.
    You need to select a freight forwarder or shipping agent through online platforms or website to handle logistics. Based on the quotation provided by forwarder, choose a shipping method (e.g., sea freight, air freight).
    7) Transportation and Delivery.
    Logistics company will ship the goods to the destination on schedule. You need to track the shippment continously.
    8) Customs Clearance and Duties.
    If your trade term is DDP, logistics will deal with all of customs clearance and duities problems. If other trade terms like FOB, you need to work with customs brokers or agents to clear the goods through customs by yourself.
    9) Receive Products
    After the goods arrive in your port or address, you need to check the goods fist to confirm if they are broken during transporation. Then you can begin to sell them.
  • Q What are the trade terms?

    A Trade terms usually used between buyers and sellers in international transactions. These terms define the responsibilities and obligations of buyers and sellers. They specify who is responsible for various costs, risks, and logistical aspects of shipping and delivery. The most common trade terms include EXW, FOB, DDP and CIF.
    1) EXW
    EXW means Ex Works. Buyers need to take the goods from sellers’s warehouse and bear all costs and risks from transportation, customs duties, and insurance.
    2) FOB
    FOB means Free on Board. The sellers are responsible for delivering the goods to the logisctic’s warehouse and deal with export taxes and duties. Then buyer need to bear the shipping cost and deal with import taxes and duties.
    3) DDP
    DDP means Delivered Duty Paid. The seller bears all costs and risks, including import duties and taxes, to deliver the goods to the buyer's address. The buyers just need to receive the goods.
    4) CIF
    CIF means Cost, Insurance, and Freight. It is similar to DDP. The only difference is that buyers need to deal with import taxes and duties and take goods from the port by themselves.
  • Q What is the best time to visit Yiwu market?

    A Yiwu Market is open year-round. There are no weekends.The only break is during the Chinese New Year, when basically all stores are closed are for half a month. Other than this time period, you can visit Yiwu market anytime. 
    After the world famour Canton Fair in April and October, many foreign friends will come to visit Yiwu market to start their business. It is the busiest time.
    If you go to visit Yiwu market, It is suggested to arrive around 10:00 a.m. The marker is open at 8:00 a.m but most of stores are not open so early.
  • Q What types of products are available in Yiwu market?

    A Yiwu Market has over 42000 suppliers of different products. It is mainly divided into 5 districts. Before you go to visit the market, you’d better check the location of products first to save your time. Here below to show main products in different districts.
    District 1
    Foucs on Toys, Simulated Flowers, Headdresses, Accessories, Jewelry, Holiday Crafts, Photo Frames, etc.
    District 2
    Foucs on Umbrellas, Bags, Bicycles, Kitchenware, Small Appliances, Lights, Hardware Tools, Clocks and Watches, etc.
    District 3
    Foucs on Office Supplies, Sporting Goods, Outdoor Goods, Cosmetic Accessories, Eyeglasses, Beauty, Clothing Accessories, etc.
    District 4
    Focus on Hats, Gloves, Socks, Ties, Scarves, Household Goods, Towels, Shoesand, Clothing Accessories, etc.
    District 5
    Focus on Bedding, Hotel Products, Kitchenware, etc.
  • Q What is a sourcing agent?

    A A sourcing agent, also known as a purchasing agent or procurement agent, is a professional company that helps businesses and individuals source products, materials from factories and manufacturers, often in different geographic locations, to meet specific purchasing needs. Sourcing agents act as intermediaries between buyers and suppliers, facilitating the procurement process and ensuring that the buyer's requirements are met efficiently and eff ectively.
  • Q What service do sourcing agents provide?

    A Different sourcing agents provide different services for customers. We will explain our sourcing services in detail as an example to show you.
    1) Product Purchasing
    Because our powerful supply chain, we can help customers to find all products they need with high quality and competitive price. 1*40HQ container can take over 300 different kinds of products at most.
    2) Customization
    Usually we can help customers to redesign package, stick barcode on products, print logo on products,customize cartons and so on. These services are based on our professional design team.
    3) Independent Warehouse
    We have our warehouse to help our customers to gather and keep all products from differnet factories.
    4) QC Inspection
    We arrange for quality inspections and audits at various stages of production to ensure that products meet the specified quality standards.
    5) LCL
    LCL means Less Than Container Load. It refers to a shipping method where multiple small shipments from different suppliers or customers are consolidated into a single shipping container for transport to their destination. We understand that some of customers can’t buy products in container. To help them purchase from China, we provide this service for them.
    6) Logistics Services
    We have logistics department that takes care of the whole process of transportation of goods. That means you just need to pay for the cost and we will help you to purchase goods and delivery them to you directly.
    7) Finance Support
    For clients who have been working with us for more than a year, we can provide O/A payment terms to help them accelerate the expansion of their business.
  • Q How do I find reliable sourcing agent in China?

    A If you search for sourcing agent in China, you can get over 11,000,000 results. Here are some methods to help you find a trustworthy sourcing agent in China.
    1) Online Research
    You can use search engines, social media platforms, and online directories to identify potential sourcing agents. Websites like Alibaba, Global Sources and Made-in-China often list sourcing companies.
    2) Industry Trade Shows and Exhibitions
    Attend industry-specific trade shows and exhibitions in China. This is a great way to meet sourcing agents in person, evaluate their capabilities, and build relationships. Such as the Canton Fair, it is one of the largest and most comprehensive trade fairs in the world. You can find almost everything you want, including sourcing agents.
    3) Networking
    Network with other businesses or professionals in your industry who have experience with sourcing agents in China. They can provide recommendations and insights based on their experiences.
    4) Check Online Reviews and References
    Look for reviews, testimonials, or references from other companies that have used the services of the sourcing agent. Websites like LinkedIn or industry-specific forums can be useful for this purpose.
 5F, NO.113, Qiushi Road Beiyuan Yiwu China.
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