The sellers have tie-ups with reputed shipping agents. China imports accounted for $462 billion dollars, 9 Smart Ways To Find High Demand Low Competition Products On Amazon, How To Source Products To Sell Online (Expert Advice), 10 Most Popular & Trustworthy Chinese Wholesale Websites, Mode of import transport (Air, land or sea), Incoterms used by the seller (like FOB, CIF, etc), Cartage (for movement of goods from port to your warehouse), Your country’s location proximity to China, Custom requirements (like custom packing), User-friendliness (Buying on Alibaba is like buying your groceries on Amazon. Go for it. Today’s graphic, using data from JOC, highlights the actual companies behind the United States’ import–export numbers. A container can either be LCL(Less than container load) or FCL(Full container load). Opt for FCL for huge cargos. If you’re using Alibaba, then the shipping price shown during checkout will also include insurance, freight & other charges. And if the clothes are adapted to the African traditions, there is no risk of failure for the importer or the exporter. Example: If a seller quotes the price of a product as $ 10 FOB per unit that means the said cost includes the loading & unloading at the source port & clearing the same for export. Or, shoot a message to the supplier & ask for a price quote. And China understood these needs very well, so a lot of new models appeared on the market to satisfy them. How to Deal with Late Payments in the Import Export Business, Turkey, Africa’s New Favorite Import Destination. If your consignment weighs less than 1000 lbs, then the air mode will the cheapest & the fastest option. It’s an awesome app to help you dig the most popular products or niches on Amazon. What all do you need when you are stuck somewhere (like a desert or a forest)? Also, research the norms that need to be followed to complete the import-export process. Avoid sellers who demand payment via other sources like international wire tranfer or PayPal, Request for product samples before commiting on a huge order. You can succeed in the import-export process by doing it all yourself and taking certain risks, or you can use Waystocap. Luckily, you won’t have to decide alone on this aspect. On the other hand, if the value of the cargo is more than $ 800, you’ll have to pay customs duty at rate prescribed by the customs authority. Post was not sent - check your email addresses! Outgoing: Recyclables and Raw Materials While companies like Procter & Gamble and Caterpillar export a high volume of consumer goods and equipment, the export market is dominated by bulk materials, natural resources, and chemicals. Each African country has its own needs. Below is a list highlighting 15 of China’s top trading partners in terms of export sales. Africa holds over 24 percent of the world’s disease burden which makes the need for drugs to be even higher. If you’re planning to sell offline or through your own eCommerce portal then follow these steps to find the most popular products to import from China: Step 2: Hover over the search box & click on the same. Custom brokers are professionals who can get your cargo cleared by customs. After that, all you’ve to do it sit back & relax. Try to know your niche as good as possible to improve your marketing. The most popular electronics are phones. Your duty is to help them with requisite documents. But the quality of the rice produced in Africa turned out to be lower than the quality of the imported rice. When not writing on Bizain or running his businesses, Vishal likes to travel & explore places. Legally, it’s an agreement between China mail & Hong kong post. Remember, shipping cost also includes transport from the port to your warehouse + insurance + taxes. If you’re buying through Alibaba, then the lead time will mentioned on the product page itself. Sorry, your blog cannot share posts by email. It depends on the value of your cargo & the category of your products. Click here to go to the product page on Alibaba. These rates vary from one product category to another. The drop-shipping model is another form of this strategy. Even if you get better the more imports you complete, there are ways to be successful right from the first attempt. For experienced importers and exporters, vehicles are an opportunity and a fast way to increase their profit. The sellers pass on the benefit of the cheaper rates to their customers. China offers a wide range of phones of all kinds and some of them like Huawei made it to international fame. Following are the business stats: Estimated cost price (excluding duty & logistics) = $ 0.80, Gross profit margin (excluding duty & logistics) = 775 %. The health industry is one of the most important industries, and there are very little risks to be taken in this industry. Incoterms are world’s most common international trade terms published by the International Chamber of Commerce.The incoterms define & regulate the risk & responsibities of the buyers & the sellers. Along the years, African governments in different countries tried to create a farming industry that will supply the amount of rice at least at a national level. Once you get comfortable doing this type of business, you can always upgrade to electronics or other types of goods. This is an awesome nail polish art designer. Pharmaceutical products are also a great opportunity to consider for many importers that want to break into an African market. Import means bringing goods or services from an outside country to your home country. Whereas the ocean freight can take around 15 to 25 business days. Africans like to consume a lot of rice. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to email this to a friend (Opens in new window), United States: US$418.6 billion (16.8% of China’s total exports), Taiwan: -US$117.7 billion (country-specific trade deficit in 2019), United States: US$295.3 billion (country-specific trade surplus in 2019), Gree Electric Appliances (household appliances), Midea Group Co. Ltd. (household appliances), Fu Feng Co., Ltd. (full range of plastic gear products), AA Technology Co., Ltd (advanced electronic components), EPOLAB Chemical Industries Inc. (epoxy chemical compounds, adhesives), Shuz Tung Machinery Industrial Co. Ltd. (electronic equipment, machinery), Shenzhen Yongerjia Industry Co., Ltd. (LED displays, other LED products), Apex Science & Engineering Corp. (infrared, LCD products), Yancheng Meiyi Arts & Crafts Factory (solar powered signs), Hei Full Industrial Co., Ltd. (food processing equipment), Tai Erh Enterprise Co., Ltd. (polyester fabrics), Asia Bicycle Trading Company (bicycles, parts and accessories). They import most of these plastic goods from China at a very friendly price. Step 2: Look at the price quoted there. I also encourage you to comment with your own question so that this article can further be updated. Go get it & resell before your competitor does. Whereas, FCL means you’ll be occupying the complete container. And the most developed country from this perspective is Nigeria. It strictly depends on the laws of your country. And, yes, it’s cost depends on the seller. China offers quality materials and apparel that can be imported into almost any African country.