Business Chief APAC+ANZ Magazine May 2018 | Page 96

YIWU INTERNATIONAL TRADE CITY – 59MN SQ FT

www . yiwu-market-guide . com With over 59mn sq ft of floor space housing 62,000 individual vendors which sell 400,000 types of product , Yiwu International Trade City is the largest small-commodity wholesale market in the world , according to Business Insider , and by far the most expansive building on our list . Located in the southeastern Chinese province of Zhejiang , the Yiwu International Trade City is comprised of five districts that sell 60-70 % of the world ’ s exported Christmas decorations and toys . CNN reports : “ An estimated 40,000 visitors make their way into Commodity City every day . Many of them are retail buyers ,” adding that “ because of the large number of visitors and their diverse backgrounds , buyers and sellers typically communicate utilizing translators that work in the market permanently ”.

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96 May 2018