Yiwu Commodities Market is known as the “Ocean of Commodities, and Yiwu Commodities Market is known as the “Ocean of Commodities, and Paradise for Shoppers”. Since its establishment in 1982, Yiwu market has been booming. The market has a total area of 4 million square meters with 62,000 booths, over 100,000 enterprises and 200,000 employees, covering over 1,700,000 commodities. It is like a magnet attracting businesses around the world. If one spends 3 minutes in each booth, and walks 8 hours a day, it will take a whole year to walk through the market. In 2005, according to the report Astonishing Figures of China issued by the United Nation, the World Bank and Morgan Stanley, Yiwu market is the largest commodities market in the world.

As high as 60% of the commodities are exported to foreign countries, over 10,000 overseas businessmen and 1900 overseas businesses have been attracted to reside in Yiwu. Every year, commodities are exported to 215countries and regions with over 557,900 standard containers. The UNHCR, Carrefour Asia and Ministry of Foreign Affairs have all set up their own purchasing centers in the city.

The trade volume of Yiwu market has ranked the first among all special markets around the country for 17 successive years. It has become the largest circulation and exhibition center of daily consumer goods, and the most important exporting platform in China.