Importing products from China can definitely be beneficial for your business as the country no doubt; has achieved expertise in manufacturing a wide range of products and exporting the same to the worldwide market. Especially, in the field of Electrical & Electronics, Apparel & Accessories, Furniture & Furnishing Products, Chemicals, Computer Hardware, Lights and Lighting Products and Agriculture Equipment China export market has ensured a remarkable growth. Due to the latest technology involved in the manufacturing processes, the manufacturing cost for all the aforesaid products is very low and this is the reason, China export market has been able to create a niche in the world economy by exporting products at low cost to the world.
How to import from China – Following are some of the things you should remember while procuring products from China:
Quality of the Products
Ensure that the products you are shipping from China are of the best quality. Confirm that the price of the products is not too much and you can sell the products in your local market very well. You should also be sure of the demand for the particular product in local market. There are various hidden taxes, shipping charges, VAT, etc that might raise the price of the products to almost double.
The Company and MOQ
Research on the company, its clients, and its track record and find out that the company actually exists in the country. You should also know the manufacturing process, the raw material it uses, packaging, etc and deal with someone, who follows the latest practices.
You should also ask for Minimum Order Quality. If you don’t meet this criterion, your query would not be entertained.
Payment Options
There are various payment options available for you to make the payment to an overseas company. Letter of Credit is one of the many that is preferred by various companies. You can also choose to transfer money via wire transfer.
