In recent years, the bureaucratic procedures related to importing and exporting to and from China have been simplified. However, it is normal that doubts arise around the actual costs of an import. Below we summarize the main components that you must include in your calculation.
1. Product cost (FOB price)
The price agreed with the supplier already loaded at the origin port. It includes manufacturing, packaging and local transport in China.
2. International transport
Sea freight (FCL or LCL), air freight or rail, depending on the route and volume. Includes BAF, CAF and security surcharges.
3. Insurance
Cargo insurance, generally 0.2% to 0.5% of the CIF value of the goods. Highly recommended.
4. Duties and taxes at destination
Import duties (depending on the tariff code and the destination country), VAT or sales tax, and antidumping duties if applicable.
5. Customs clearance and brokerage
Fees for the customs broker and document handling at the port of arrival.
6. Port and terminal costs
THC (Terminal Handling Charges), demurrage if the container is not unloaded on time, storage in port.
7. Inland transport
Truck from the port to your warehouse.
8. Quality control and inspection
The cost of a pre-shipment inspection is small compared to the savings it generates by avoiding defective shipments.
At MingTa Group we prepare detailed cost calculations for each operation so our clients know the real landed cost from day one. Contact us for a personalized quotation.