Zhejiang Province, located on China’s eastern coast, is known for its vibrant manufacturing center and diverse industrial landscape. From the bustling Yiwu market to the industrially strong Yongkang, Ningbo and Hangzhou, Zhejiang offers a wealth of products suitable for global sourcing.
In this blog, we will delve into the industrial chains of different cities in Zhejiang from a product trade perspective, highlighting the unique products and opportunities they offer.
Yiwu: Wholesale Capital of the World
Yiwu is often called the “Wholesale Capital of the World,” synonymous with its wide variety of small commodities and consumer goods. The city is home to the famous Yiwu International Trade Market, a massive complex.
Yiwu Small Commodity Wholesale Market is composed of two market clusters, China Yiwu International Trade City and Huangyuan Market. The market has 43 industries, 1,900 categories, and 1.7 million kinds of commodities, including almost all handicrafts, jewelry, small hardware, and daily necessities. , rain gear, electronic appliances, toys, cosmetics, culture and sports, hosiery, non-staple food, clocks, cords, needle cotton, textiles, ties, clothing and other daily industrial products. , making it an ideal destination for international trade and procurement.
Yongkang: Hardware City
China’s Hardware Capital (China’s Hardware Hometown) – Yongkang City, Zhejiang Province is located in the middle of Zhejiang Province and is a well-known distribution center for China’s hardware products at home and abroad.
A modern industrial system with relatively complete categories has basically been formed, focusing on industries such as “hardware, machinery, hand drags, diesel engines, electric tools, weighing instruments, non-ferrous metal smelting, auto parts and motorcycle parts, household appliances, and fine chemicals”. Yongkang attracts exporters seeking high-quality hardware products due to its wide selection and competitive prices, making it a prime destination for sourcing for the hardware industry.
Ningbo: Port City
Ningbo is a prosperous port city on the eastern coast of Zhejiang and an important gateway for international trade and commerce. The city has the advantage of strategic location and well-developed transportation infrastructure.
The main manufacturing industries of Ningbo Industry are petrochemicals, textiles, machinery, metallurgy, electronics, building materials, etc. Among them, chemical industry, textile and clothing, and machinery are the three pillars of Ningbo’s industry. Ningbo Chemical Industry mainly focuses on the production of petrochemicals, chemical raw materials, rubber, plastics and dyes.
Exporters benefit from Ningbo’s efficient logistics network and global routes, which facilitate the smooth flow of goods to global markets.
Hangzhou: Innovation Center
Hangzhou is the capital city of Zhejiang Province and is known for its beautiful scenery, cultural heritage and vibrant business environment. In recent years, Hangzhou has become a center for innovation and technology-driven industries, with a focus on e-commerce, digital marketing and information technology. Exporters looking for cutting-edge products and innovations are turning to Hangzhou because of its thriving entrepreneurial ecosystem, talent and resources.
Among the major industries, the added value of equipment manufacturing and energy-saving and environmentally friendly manufacturing increased by 7.8% and 16.9% respectively, which was 5.4 and 14.5 percentage points higher than that of the above-scale industries; the added value of manufacturing, the core industry of the digital economy, increased by 4.5%. Among the main products, the output of new products such as industrial robots, lithium-ion batteries, and solar cells increased by 118.6%, 39.8%, and 147.2% respectively.
Zhejiang Province offers a treasure trove of products to buy, from small commodities and hardware to high-tech innovations and digital solutions. Yiwu, Yongkang, Ningbo and Hangzhou each have their own characteristics in Zhejiang’s industrial landscape and meet the diverse needs of global exporters. By leveraging the unique advantages and resources of these cities, importers can take advantage of the tremendous opportunities in Zhejiang’s thriving manufacturing and trading ecosystem.