Categories: Industry News

FAQs About China Wholesale Market

There are many China Wholesale Markets in China, what do foreign importers need to pay attention to when choosing China Wholesale Market and how to import safely from China’s Wholesale Market? In the following, this article will answer these questions for you in detail, to help you find the best China Wholesale Market.

Need a wholesale license to import products from China?

The importance of understanding the import laws and regulations that govern compliance with the import process and import requirements cannot be overemphasized when you decide to import from China Wholesale Market.

As China implements an import and export licensing system, an import and export license is a document that permits import and export. Not all goods need a permit for import and export procedures. The specific need to see the goods in the country’s customs supervision conditions.

As an importer, you must ensure that your merchandise meets the requirements of other agencies (e.g. FDA, EPA, DOT, CPSC, FTC, Agriculture, etc.) and obtain licenses and permits from them when needed.

If you intend to import in small quantities, less than $1,000, it is not necessary to comply with all these documents, but if you want to become a professional or open an import department in your company, the documents for importing from China are:
Registered with the RFC (or with the tax authorities in your country/region)
It is important to stay up to date and have your electronic signature
List of importers
List of specific importers
The order granted to the customs agent
Electronic Value Representation
Import applications
Payment of customs duties
In this case, the certificate of origin does not apply, because there is no free trade agreement with China.

Compliance with non-tariff regulations and restrictions, such as
Labeling (in the case of Mexico, official Mexican standards or Mexican standards)
Intellectual property documentation (trademarks and patents)

Documents applicable to your product, such as: sanitary, phytosanitary permits or quality studies for import into the country.

What is the best China Wholesale Market to buy quality goods?

1)China Wholesale Market——Yiwu International Trade Market

  1. International Trade City Huang Yuan Garment Market
    Is the largest professional garment market in central Zhejiang. 1-5 floors are laid out denim – pants; men’s clothing (leather); women’s clothing; pajamas – woolen sweaters – sportswear – city scale, brand manufacturers direct sales area (shirt); children’s clothing a total of five business categories.
  2. International Trade City One
    The first floor of the market mainly deals with flowers (simulation flowers), flower accessories, plush toys, inflatable toys, electric toys and general toys; the second floor mainly deals with headwear, and jewelry; the third floor mainly deals with festive crafts, decorative crafts, porcelain crystal, photo frames and jewelry accessories; the fourth floor is a direct sales center for production enterprises, currently with Taiwan Pavilion, the southern porcelain capital of Dehua District, Shenzhen original gift area and other special blocks, bringing together domestic High-grade craft ceramics, crystal, glaze and other handicraft production enterprises.
  3. Second District of International Trade City
    The first-floor deals with bags, umbrellas, ponchos and bags; the second-floor deals with hardware tools and accessories, electrician products, locks and cars; the third-floor deals with hardware and kitchenware, small home appliances, telecommunication equipment, electronic instruments and meters, clocks and watches; the fourth floor has a direct sales center of production enterprises, local characteristics pavilion and other fine trading areas; the fifth floor has a foreign trade procurement service center; the market The central hall has a centralized purchasing center on the second and third floors and a display hall for the history of China’s small commodity development.
  4. International Trade City Zone 3
    The first-floor deals with pen and ink supplies, paper products and glasses; the second-floor deals with office study supplies and sports and leisure supplies \ sports equipment; the third-floor deals with cosmetics, zippers \ buttons – clothing accessories; the fourth floor is a direct sales center for production enterprises; the fifth-floor deals with painting industry (decorative painting, photo frame accessories and processing machinery).
  5. International Trade City Four
    The first floor of the market deals with hosiery; the second-floor deals with daily necessities, gloves, hats, other needles and cotton; the third-floor deals with shoes, threads and tapes, laces, ties, wool, towels; the fourth-floor deals with bra and underwear, belts, scarves; the fifth floor is set up with direct sales centers of production enterprises and travel shopping centers.
  6. Five Districts of International Trade City
    It is divided into five floors above ground and two floors below ground, mainly dealing with imported goods, bedding, textiles, knitting raw materials, auto supplies and accessories, etc. The market has a special service area for online businesses.
    The Imported Goods Pavilion is located on the first floor of the market in Zone 5 of the International Trade City. It has five major business areas: African Products Exhibition and Sales Center, Food and Health Products, Clothing, Shoes and Hats, Household Products, Jewelry and Crafts, and other imported goods.

It’s the biggest China Wholesale Market. The business city is divided into five regions and the city Huang Yuan garment market, each region was created in a different period, has its own different business characteristics.

2)China Wholesale Market——China Linyi Commodity Market

The whole market is divided into four areas: culture and sports, paper, cosmetics, and small commodities.

The hypermarket has 3 floors:
The 1st-floor deals with office supplies, cultural supplies, sporting goods, celebratory supplies, laundry supplies, cosmetics, paper and paper products, etc.
2nd floor: accessories, handicrafts, small electrical appliances, small hardware and other departmental goods.
3rd floor: New Year paintings, calligraphy, decorative paintings, calendars, pictures, periodicals, beauty and hairdressing supplies and tools, etc.

3)China Wholesale Market——Nan Sanjiao Commodity Wholesale Market

Business types: clothing, knitting, department stores, food, daily chemicals, hardware, footwear, toys and bags, cultural and sports goods and other eight major lines of 20 categories.

How to buy safely from the China Wholesale Market?

1)Secure payment methods

  1. Prepayment TT (bank transfer)
    The risk level for the buyer: very high risk
    By bank transfer, the supplier will receive payment in full before production begins. This payment method poses a high risk to the buyer and is usually not recommended when dealing with unfamiliar suppliers. If anything goes wrong, there is almost no way to get your money back.
  2. Letter of Credit
    The risk level for the buyer: fairly safe
    Letters of credit are fairly safe for both parties, but they have some complicated procedures and are generally only recommended for larger purchases ($20,000 and above).
  3. Paypal
    Risk Level for Buyers: Fairly Secure
    Paypal is a very popular payment method for buyers. It has the advantage of being low-risk, easy to use, and usually has good protection for the buyer. However, despite its popularity among buyers, it is not as popular among suppliers due to drawbacks such as difficulties in withdrawals, high tax rates and potential refunds from dishonest buyers.

2)Verify suppliers

The 1688 wholesale platform, is one platform of the China Wholesale Market. For example, has its own certification process, which includes multiple levels of certification. Some of these certification badges will be displayed on product listings and supplier profiles. So, your first step is to look for these certifications when you decide to buy from China Wholesale Market. In addition to the 1688 wholesale platform certifications, there are independent third-party organizations in Asia that can visit factories on your behalf to verify suppliers and product quality. Depending on the size of your order, it can be worth spending a few hundred dollars more to be sure.

3)Ask questions and follow up

When buying from the China Wholesale Market and narrowing down suppliers, be sure to ask a lot of questions about their business and products. Ask for a copy of their business license, as well as for a phone number and call them. Have a Skype meeting with your contact. Ask for factory photos and product samples. Anything you can ask to make you feel more comfortable when doing business with them from across the ocean. You can even ask your factory contact to stand at the factory with the day’s newspaper in one hand and their product in the other, and then photograph the scene for you.

4)Obtain samples

When buying from the China Wholesale Market, you need to get samples to check and verify quality before putting a lot of money into your inventory. You can even contact them by another (fictitious) name and email to get other samples to compare quality. It is a good way to help you buy from China Wholesale Market.

5)Find a Purchase Agent

When buying from the China Wholesale Market, you need to find a reliable Yiwu local agent, such as Toptrade Sourcing, we can help you to purchase the required goods from the wholesale market safely and securely, providing a one-stop service, from purchasing, inspection, to shipping, you do not need to worry about any problems.

Do wholesale suppliers from China offer volume purchase discounts?

When you buy from the China Wholesale Market, purchasing wholesale items instead of retail items can greatly help you make a substantial profit margin. Due to the large size of wholesale orders, they are often purchased from wholesale distributors or product manufacturers. They are more likely to have enough inventory to fill your bulk orders than retailers.

Buying wholesale products directly from distributors and manufacturers eliminates the need for retail middlemen to sell your products at a markup. In addition, distributors and manufacturers will often offer further discounts based on the size of your bulk order and they are more willing to negotiate prices.

Published by
Lucia

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