Importing industrial valves can be a challenging process, however, with the right tips, you can go about the process successfully. A number of English-speaking countries really find it difficult to venture in to China, maybe just because of the language barrier. This should not be the case. For valve importers, they have a lot to gain from a hub of industrial valve suppliers from China.
This country has a number of manufacturing companies that sell their valves at lower prices. This implies a high return. Research published by a number of companies revealed that companies that import from China have a competitive edge over others. That is those valve suppliers and distributors from other countries such as America and European. As of 2013, the China valves were widely used in the U.S. and EU markets, leave alone Australia and other parts of Asia.
In this article, we shall explore 9 basic factors that are vital for any valve importer.
The structure may seem a little complicated through simple. It requires one to understand how to manage long-distance relationships and organize international transport. Not forgetting the customs clearance.
In case you’re considering importing from China, here are the top 9 tips that you must observe:
1. What are your import objectives?
These are the main things you need to define. First, you need to be a valve distributor or supplier. It is important that you understand your business strategy. Whether you’ll be reselling the valves to consumers/end-user or to other sellers. This is a crucial part of this business. This will act as a blueprint for the success of your valve business.
2. Identify a valve supplier.
When you import directly from the supplier, there’s a possibility that you’ll get the best deals. That is, you’ll be able to access these products at a lower price. The valve manufacturing company should be reliable and genuine.
It should be a company that has complied with all the rules and regulations in China. Search the supplier on Google and visit its website. Focus on those manufacturers that can clearly show you sufficient product specifications. Meanwhile, the experienced suppliers should have their own products brochure so that clients can check and review them more conveniently.
3. Always try to negotiate the right deal with the valve supplier.
You must understand your strength and weaknesses alongside the priorities of your supplier. You must aim to build a good relationship with your supplier as it will make it easy for commercial transactions. Negotiating the right deal will be determined by the right connections you make with the supplier. As a general rule, don’t pay so much that you’ll end up selling the valves at a higher price. In such a situation, it will be pointless to import valves China.
4. You should have a clear purchase order.
The China valve manufacturers value clear contracts without any ambiguity. They avoid fraudulent suppliers and distributors like a plague. It should be a clear contract that sets out the payment and delivery models. It should be based on international commercial terms. This will eliminate any instances of misunderstandings. It should highlight all the key elements of the agreement.
5. Decide on the method of transportation.
You need to have a clear infrastructure on how you’ll make all the imported valves get to your country, be it in Europe or America. Normally, you have two options here, you can outsource the work or handle all the logistics by yourself. Again, most people prefer shipping by sea since it is affordable though somehow slow. In case you’re importing some valves in small quantities, you can consider shipping by air. Choosing either air or sea depends on the scale of valve order you will import from China and whether you need them urgently or not.
6. You must declare your imports.
This is a common tradition across the globe, thus, valve imports are not exempted. The procedure will depend on your country, sometimes your geographical location.
7. Taxes and duty imports.
You need to establish the exact amount of VAT or any other import duty fees you’ll pay for your products. This may vary from one country to the other. And even in the same country, using different H.S. codes means different import tariffs. So it is better to consult some experienced colleagues or agents so that you can find the most suitable H.S. code to enjoy the favorable import tariff.
Again, the selling prices in your country will depend on the amount of money you shall have spent in the entire process.
8. Get all the legal documents for the import business.
This is vital when you want to do business with valve suppliers in China. Different countries/states may have different ways they control goods imported. Therefore, try to find out if by any chance you may require an import license. Just ensure you have all the legal documents to facilitate the importation process.
9. Familiarize yourself with the trade tariffs within your region.
This will help you to understand the amount of money you’ll pay to facilitate the entire process. That is, if you need to pay VAT, you may need to acquire a license or other payments.
Conclusion
In summary, you’ll be importing industrial valves from China to maximize your profits. Therefore, you need to fulfill all your obligations as a valve importer. You should adhere to all rules and regulations that govern the entire process. Again, you need to calculate the amount of money you’ll spend. These should include the transportation plus all taxes. You must ensure that you’ll sell the imported valves at a profit, otherwise, there will be no need of importing valves from China.
