From a needle to a locomotive, almost everything comes from China, but a significant portion of it originates in just one city: Yiwu. With the addition of a new wing, “the largest market in the world” has suddenly gotten richer.
Yiwu, which has 1.4 million residents, is a modest city by Chinese standards but is exceptionally significant on the international stage since it is the location of the massive shopping complex Yiwu Market.
It is a “market” that serves as the greatest global marketplace for modestly priced goods, drawing buyers from all over the world. Traders from all seven continents visit this market to purchase items in large quantities to use for later.
Yiwu City
Spread over an area of four million square meters, the market is divided into a total of five districts with 2,000 different categories of goods. They are spread over as many as 75,000 shops, and are exported daily all over the world in roughly 1,500 shipping containers.
What is definitely worth knowing, and what is new at Yiwu Market, is its newest part. It is a separate wing of another district or the so-called District 2 – East.
This market covers about 131,000 square meters and five floors. There are more than 490 wholesale shops on the first and second floors. Of these, on the first floor you can find home improvement tools and hardware, while businesses on the second floor are focused on new energy products. From the third to the fifth floor there are parking lots with about 1,400 parking spaces.
adija Šarić, entrepreneur and owner of the company Tadex Group, which logistically connects China and BiH and whose goal is to respond safely, efficiently and in a short time to the needs of clients in the sphere of procurement, sales and delivery of products and services on international markets, explained how this a wing of exceptional importance.
This is true, he points out, especially for those whose focus is the transition to renewable energy, which is also an indispensable segment of the future.
“Due to the global interest in renewable sources and energy savings, a new facility was built within the Yiwu Market where an entire floor is dedicated to this program. Surely one of the most interesting products there are solar panels and inverters. There are plenty of them and they can be found at favorable prices. prices,” explained Šarić, whose company, in addition to its headquarters in China, also has one in Vitez.
By the way, the new wing of Yiwu Market is connected by corridors to the original building of District 2. This district itself was put into circulation on October 22, 2004, and it is a five-story building with an area of more than 600,000 square meters.
There are more than 10,000 shop fronts on the first three floors. On the first floor are the industries of suitcases and bags, umbrellas and rainwear, as well as plastic and shopping bags and packages. On the second are hardware tools and accessories, locks and electrical products. The third floor is reserved for household appliances, electronics and telecommunications, watches and kitchen and sanitary equipment, while on the fourth you can find shopping centers.
YIWU MALL
Banks, restaurants, and telecom firms are all located in District 2, as well as the Best Western Ocean Premium Hotel, which is located right in the middle of the district.
In summary, Yiwu Market, with its five divisions, is a place where you may shop for any kind of item you can imagine. You name it: costume jewellery, birthday candles, wall clocks, LED and decorative lights, pencils, trinkets, buckets, spatulas, umbrellas, garlands and ornaments made of flowers, children’s toys. In addition, there is now a section devoted to renewable energy, without which it would be difficult to envision the future.
It is believed that 40,000 people frequented the market every day before the epidemic broke out, no doubt drawn by the affordable and extensive selection on offer.
