What is the Process of Importing Goods From China?
Importing goods from China is a common practice for B2B and B2C companies around the world. It is an affordable way to acquire materials for use in manufacturing or products to sell.
Imports from China can also be a profitable venture for businesses that take time and care to ensure compliance and documentation requirements are met. If you are interested in getting started with importing goods from China, it’s best to partner with an experienced freight forwarder.
What is the Process of Importing Goods from China?
Unlike domestic purchases, importing Chinese goods requires a lot of long-term planning. This includes the necessary research and preparation, the time it takes to ship goods from China to a warehouse or office, and the costs associated with customs, import, and regulatory expenses.
The first step is to determine which goods you would like to import. You’ll need to identify which products are in high demand in the market and which ones are a good fit for your company’s business model and customer base.
Once you’ve identified your products, you can search for suppliers who specialize in these items and Freight forwarder. Some Chinese suppliers operate as factories, while others work with trading companies. The difference is not too significant, but it does matter if you are looking to import a custom product or a large inventory of different types of goods for your business.
Then, you can negotiate a price for the goods with your supplier and select the terms of payment. FOB (Freight On Board) is a common term for shipments from China that gives the buyer control of the goods once they’re loaded onto the ship, while FCA (Carriage Paid To) means that the seller will deliver the goods to the buyer’s carrier or a named place, such as a port.