Complete Import Export Guide for Beginners

Basic Concepts of Import and Export

Exporting is the act of selling goods or services to foreign countries, while importing is the act of buying goods or services from foreign countries. Both activities play a crucial role in the global economy, creating business opportunities and growth for companies.

Basic Import Export Procedures

1. Document Preparation:

Required documents include: sales contract, invoice, packing list, bill of lading (sea freight), air waybill (air freight), certificate of quality, import/export license (if required), etc. Preparing complete and accurate documentation is crucial for a smooth import/export process.

2. Customs Declaration:

This is the most important step, requiring accuracy and strict adherence to legal regulations. You need to fully declare information about goods, origin, value, mode of transportation, etc., for customs inspection and clearance.

3. Goods Transportation:

After customs clearance, the goods will be transported to their destination. Choosing the appropriate mode of transportation (sea, air, land) is crucial and affects transportation costs and time.

4. International Payment:

International payments are usually made through banks using methods such as L/C (Letter of Credit), T/T (Telegraphic Transfer), etc. Choosing the appropriate payment method ensures safety for both buyer and seller.

Risks in Import Export

Import and export involve many risks such as transportation risks, policy risks, payment risks, and goods quality risks. Therefore, thorough risk prevention planning is necessary.

Benefits of Import Export

Import and export offer many benefits to businesses such as market expansion, increased revenue, increased profit, access to new technologies and raw materials, etc.

Consultancy and Support

If you are a beginner and lack experience, seek advice and support from experts or import/export service companies. They will help you better understand the process, procedures, and related risks.

Start your import/export business journey today!