Yiwu small commodity wholesale market radiates commodities from more than 212 countries and regions. It sells commodities in Southeast Asia, the Middle East, Europe, and America. Its annual export volume has reached more than 60% of the total turnover. Among them, the export volume of handicraft, jewelry, hardware, glasses, and other dominant industries accounts for more than 70% of the industry's sales; more than 60% of the merchants in the market have foreign trade supply business, with more than 8,000 foreign businessmen stationed in Yiwu and more than 500 foreign business institutions, which is the best wholesale market in China.
As the best wholesale market in China, Yiwu small commodity wholesale market has advanced and developed market system, and exhibition industry started early and has great influence. A large exhibition hall with a total floor area of 46,000 square meters, Meihu Convention and Exhibition Center of Yiwu Small Commodity Wholesale Market, with 5 exhibition halls, can accommodate 1500 international exhibitions, with international conference halls, business centers, coffee bars and so on. It undertakes more than 20 international and domestic exhibitions of different scales every year. China Yiwu International Small Commodities Expo has become an important annual exhibition of China's labor-intensive commodities, which attracts much attention for its economic and trade nature, export-oriented and long-term effectiveness.
With the acceleration of the transfer of global labor-intensive industries to China, Yiwu small commodity wholesale market, as the best wholesale market in China, has continuously improved its export orientation, which has led to the development of small commodity industry agglomeration. Taking Yiwu as the center, an international small commodity industry belt has been formed in Jinhua, Taizhou, Wenzhou, and Lishui to promote the development of small commodity industry. The cluster development of the market industry will further consolidate and expand the market's position in the international industrial division of labor.