Know your Supply Market: Famous Wholesale Market in China (Part-1)

” Through sourcing the right suppliers, procurement staff actively help reduce their company’s outgoing costs and operational risks.”

–> Yiwu (ই-উ) International Trade City

Yiwu International Trade City(Chinese: 义乌国际商贸城), also known as the Yiwu Market, is the primary wholesale market complex in Yiwu, Zhejiang, China. According to the World Bank, it is the world’s largest small commodities market.

Inaugurated: October 22, 2002
Floor area : 5,500,000 m2 (59,000,000 sq ft)
Location: Yiwu, Zhejiang, China
Floor count: 5
Number of stores: 75,000+
Alternative names: China  Commodity City
Owner: Yiwu  Municipal Government

 

#procurement #globalsourcing

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