Yiwu is famous for its large wholesale market-China Commodity City , which was honored by the UN, the World Bank and the Morgan Stanley amongst other world authorities in 2005 as the "largest small commodity wholesale market in the world". China Commodity City consists of International Trade Mart (District 1 to District 5), and Huangyuan Market.

Yiwu China Commodity City covers an area of 4.3 million square meters, with 62,000 booths inside and 100,000 suppliers exhibit 400,000 kinds of products here. The products are from around 40 industries and of 4,000 different categories. 65% of these products are exported to over 215 countries and regions.

Yiwu China Commodity City is more like a permanent fair instead of a traditional wholesale market. It has developed into an information, innovation, exhibition and distribution center for consumer goods. It gives complete logistic and IT support inside the market, which is necessary for nowadays trade.

10,000 foreigners from more than 100 countries have become residents of Yiwu for business purpose.The great success of the wholesale market stimulates the rapid development of the industries of manufacture, service and exhibition. Now there are 25,000 production enterprises of different scales in Yiwu. Among those are 16 leading industries such as knitting products and socks, ornaments, craftworks, etc.. More than 20 industries have a leading output volume in China.

The city offers also an advanced hospitality and tourism industry. You can find typical French cheese, German sausage and also American fast food here. The excellent accommodation service and food make businessmen from all over the world feel at home. Yiwu market is the only AAAA Class tourism place with the topic of shopping in China.