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Export from China

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Export from China. Large or more modest, at LinkingSeas we help you to carry it out successfully, without last-minute complications…

The export process is not complicated but to carry it out successfully a high degree of experience, dedication and commitment is needed in each project.

LinkingSeas features a skilled team comprising individuals from Spain, the United States and China, capable of guiding you through the entire process. From selecting the factory and ensuring product quality control to arranging complete transportation of the merchandise to your own warehouse.

Sometimes when we think about the concept of exporting, and the quantities to be exported, we think in terms of containers, but the truth is that there are more and more companies that export hundreds or thousands of pieces on pallets. Regardless of whether you plan to carry out a large export or a more modest export, at LinkingSeas we help you to carry it out successfully.

    Here are 6 important steps, with which LinKingSeas is very familiar, to export from China:

    1. Find a supplier that can manufacture the product you are interested in. In this step it is highly recommended to ask for samples of the chosen product and carry out veracity and quality tests of the factory.                                                           
    2. Negotiate the method of payment. Normally, 30%-50% is paid before starting to produce the product as a deposit and the rest when the product is prepared, before shipping it by plane or ship. An important detail when negotiating the price of the product is if it is a price that includes taxes or if taxes must be added. Another important thing that we must take into account when negotiating the price is the Incoterm* used, that is, what international transport rule is to be applied between the buyer and the seller. Something important also at this point is to think about the city in China where the factory is located and the distance to the nearest port of export*.
      When the product is finished and packaged, we must schedule the collection of the merchandise, according to the agreed Incoterm, between the freight forwarder* and the supplier.                                                                                                                 
    3. When the product is finished and packaged, we must schedule the collection of the merchandise, according to the agreed Incoterm, between the freight forwarder* and the supplier.                                                                                                                      
    4. Prepare the necessary documentation and deliver it to the freight forwarder so that he can manage the transport of the merchandise. The basic documentation is usually: The proforma invoice, the packing list, the description of the product and the Customs Declaration of export merchandise.                                                                              
    5. Carry out customs clearance*.                                                                                                                                                                                                            
    6. Collection at the national port of the merchandise and internal transport to the  warehouse of the buyer.

    These are basic steps for a successful export from China. They are not exclusive, but we have summarized it in just 6 steps so that any buyer can have a basic notion of what an export from China implies.

    At LinkingSeas we have a professional team that can help you export from any port in the Asian country.

    Notes*

    Interesting facts of China’s foreign trade

    Thanks to its huge trade surplus in recent years, China has become the world’s largest exporter and second largest importer. Despite its strict policies, the country is quite open to foreign trade, which accounted for 37% of GDP in 2022 (World Bank, 2023).

    China’s main exports include:

    • Electrical and electronic equipment (27%)
    • Machinery, nuclear reactors, boilers (16%)
    • Furniture, illuminated signs, prefabricated buildings (4.1%)
    • Plastics (3.9%)
    • Toys (3%)
    • Optical, photographic, technical and medical devices (2.9%)
    • Non-rail vehicles, trams (3.6%)
    • Iron and steel articles (2.8%)
    • On the other hand, the country mainly imports electrical and electronic equipment (25%), mineral fuels, oils, distillation products (15%), machinery, nuclear reactors, boilers (8.6%), slag and iron ore ash. (10%), optical, photographic, technical and medical devices (4.1%), vehicles other than railways and trams (3.2%).

    China’s trade surplus fell to $78.01bn in December 2022, from $93.21bn the same year earlier, and contrary to market forecasts of $76.2bn. This figure occurred in a context of low global and domestic demand. Exports fell 9.9%, the biggest drop in almost three years, while imports fell more gently, at 7.5%, the third straight month of decline. Considering the full year 2022, the country’s trade surplus expanded by 31% annually, reaching USD 876.910 million, the highest figure since records began to be made in 1950, as exports increased by 7% and imports only 1% (General Administration of Customs of China, 2023).

    Trade has become an increasingly important part of China’s overall economy, and has been an important tool used for economic modernization. According to the WTO in 2023, the export of goods in 2021 was USD 3,363,800 million and the import was USD 2,688,600 million, while the exports and imports of services in 2021 reached USD 390,600 million and USD 438,000 million respectively. China noted a 40% global increase in exports and a 16% decline in imports by 2021.

    The main partners of the country are:

    • USA.
    • Hong Kong,
    • Japan.
    • South Korea.
    • Vietnam.
    • Australia.
    • Germany.

    Source: World Trade Organization (WTO) ; latest data available

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    +86 18717873310

    consulting@linkingseas.es

    +86 18717873310

    Jiyang Avenue, 212, Internet Innovation Center, Sanya City, Hainan Province, China

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