Which company imports mobile parts in China

10 top tips for importing from China

China has been the world's largest exporter of goods for eight consecutive years, so it's no wonder China is so popular with smaller companies looking to take advantage of overseas business opportunities. China's trade with Europe currently averages more than € 1 billion per day, and in 2016 China's share of all EU imports was an impressive 20%.

Because low-priced goods offer a lot of leeway for high margins, one thing is clear: You can make money when importing from China - but importing goods over such great distances also brings challenges. Make sure your imports arrive safely - with our top tips.

1. Set yourself clear goals


Be clear about which products you want to import and why

How does import fit into your business model? Make sure you set specific criteria before you go looking for a supplier and choose products that support your overall strategy. When importing from China, there is a lot to consider why you need a plan and the resources to get started.

 

2. Make yourself familiar with import regulations


Certain goods, e.g. textiles, require a license

Find out about the rules and restrictions that apply to your products - they can tell you whether or not you need a license to avoid customs problems. Agricultural products, textiles and iron and steel products are some of the products that are subject to stricter regulations.

 

3. Work with a reputable, reliable supplier


Take your time choosing your supplier

Only agree to a deal if you are sure that the products are of high quality and if you trust your supplier. Be vigilant because a dubious person or company is not always easy to spot. Red flags include sudden price hikes, unusual payment methods, and long delays in replying to emails.

 

4. Build a good relationship


When it comes to relationships abroad, trust is not a one-way street

If you have a long-term plan to import from China from a particular supplier, then building a strong relationship with them is a good thing. If you can, go and meet - show you care. This will make your business a lot smoother and improve your chances of negotiating favorable terms.

 

5. Have your goods number to hand


Your goods number is used to classify your goods

A goods number is the 10-digit number that belongs to every import from a country outside the EU. You need them to fill out documents and declarations correctly and to find out important information such as customs tariffs.

 

6. Remember to pay any tax or sales tax


Don't let unpaid fees hold up your goods in customs

If you fail to pay the required amounts of tax or sales tax on your imports, customs will not release them. How much you pay depends on your goods and how they were classified before they were shipped. Small order? If the value of the goods is less than € 22, you shouldn't have to pay any taxes at all.

 

7. Clarify every detail contractually


Secure imports with a comprehensive contract

A clear, detailed contract is essential for all imports. Don't leave anything unnoticed and cover everything from payment and delivery terms to currencies and time frames. The contract should also specify which Incoterms (International Commerce Terms) you want to follow - these give importers, exporters and everyone else involved in contracts for the sale of goods worldwide the rules and clarify the responsibilities of each of them Parties to avoid misunderstandings.

 

8. Product test for quality assurance


Best practice for companies that order larger quantities

Reduce the risks of importing goods and request product samples. You can then have these tested to ensure that they not only meet your standards, but also meet national regulations. This is especially important for companies that purchase large quantities and allows you to have a stronger protection against ordering a large quantity.

 

9. Plan your transportation in advance


Only guarantee your customers those time frames that you can keep securely

If you set an unrealistic date for your imports to arrive, your own shipments can suffer, as can your relationship with your customers. Find out about the realistic transit times and plan a time buffer for customs clearance so that you don't have to disappoint anyone.

 

10. Get assistance from a reliable courier company


Keep all your imports under control and benefit from our fast delivery times

At FedEx Express, we offer a wide range of international services - with our International Priority Service, your imports should reach customs within a day or two. You also have the option to track your shipment every step of the way and benefit from our many years of expertise in customs clearance.

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http://stat.wto.org/CountryProfile/WSDBCountryPFView.aspx?Country=CN
http://ec.europa.eu/trade/policy/countries-and-regions/countries/china/index_en.htm
http://ec.europa.eu/eurostat/en/web/products-eurostat-news/-/EDN-20170601-1
http://trade.ec.europa.eu/tradehelp/import-restrictions
https://www.icontainers.com/us/2017/09/14/importing-from-china-what-you-need-to-know-part-one/
https://www.gov.uk/trade-tariff
https://www.moneysavingexpert.com/shopping/buy-from-china-aliexpress
https://iccwbo.org/resources-for-business/incoterms-rules/incoterms-rules-2010/