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What is import export?

Import and Export are terms used in international trade. When goods and products are sold to an international outside of the country destination then they are being exported. When products are being brought into a country from an overseas source outside the country, then these goods are being imported.

Who is involved in importing and exporting?

There are many businesses and agencies that are involved in importing and exporting trade. Here is a short list of some:

• Exporters and/or Importers: Sometimes the manufacturing company have an export and import department that handles its international trade operations and sometimes these transactions are outsourced to intermediaries such as import export management companies.
• Freight Forwarders and Shippers: Freight forwarders are companies that take care of the process of moving goods from their origin to their destinations. Freight forwarders are one of the biggest most useful tools to those involved in importing and exporting goods. They are usually aware of import and export rules, regulations, and needed documents and licenses. They provide importers and exporters with air and ocean transportation estimates based on provided volume and weight of goods. Beside freight cost, freight forwarders provide an estimate for ports charges, consular fees, documentation costs, insurance costs, etc. They are extremely useful and will simplify your export import operations. They can arrange to receive/pick your goods from multiple sources, package them, consolidate them into one shipment and provide you and your bank with proof of shipping.
• letter of credit Bank services: Letters of Credit is a common method used to pay and receive payments for import export transactions. Based on L/C, a payment is made when goods have been sent to buyer.

Latest TradersCity Members in Chat

1. 3 hours ago - IndustrialValveChina - China: Valve, Ball Valve, Gate Valve, Plug Valve, Butterfly Valve, Check Valve, Globe Valve, Valves, Low Temp Valve, Bellow Seals Valve
2. 3 hours ago - docodgroup - China: Inkjet Printer, Inkjet Printing Machine, Thermal Inkjet Machine, Thermal Inkjet Coder
3. 21 hours ago - pwrtools - China: Drills, Rotary Hammers, Impact Drills, Angle Grinders, Circular Saw
4. 24 hours ago - wsduct - China: Welded Duct, Electric Damper, Angle Steel Flange
5. 1 day ago - szdongfeng - China: Sanitation Truck, Compressed Garbage Truck, Detachable Garbage Truck, Water Spraying Truck
6. 1 day ago - hongchangalu - China: Aluminum Sheet, Aluminum Foil, Automobile Aluminum Sheet, Household Aluminum Foil, Packaging Aluminum Foil, Aluminum Pattern Plate
7. 2 days ago - Sinoslate - China: Roofing Slate, Paving Slate, China Slate, Natural Slate, Billiard Slate, Flooring Slate, Walling Slate, Chinese Slate, Black Slate, Slate Roofing
8. 2 days ago - Chemshunceramics - China: Wear Resistant Alumina Ceramic Tile, Pipe, Cylinder, Balls
9. 2 days ago - ezcad - China: Laser Marking, Welding, Cutting Control System
10. 2 days ago - comaircorp - China: Air Compressors, Air Treatment Equipment
11. 2 days ago - syntop - China: Paraffin, Fischer Tropsch Wax, Oxidized Polyethylene Wax, Micronized Wax
12. 2 days ago - ziyucable - China: Copper Clad Steel, Grounding Rod, Graphite Wire, Welding Mould, Welding Flux
13. 2 days ago - DingboPowergenerator - China: Generators, Diesel Generators, Generator Sets, Gensets
14. 2 days ago - materialstests - China: Material Test Equipment, Leak Tester, Heat Seal Tester, Tensile Tester
15. 2 days ago - kenshinepump - China: Pump, Centrifugal Pump, Water Pumps, Industrial Pump, Magnetic Pump, Diaphragm Pump, Self Priming Pump, Sewage Pump, Gear Pump, Multistage Pump, Hydraulic Pump
16. 2 days ago - ymhomedecor - China: Wooden Shutters, Blinds, Doors
17. 3 days ago - SimelChemical - China: Chemical, Wax Raw Material, Make Candle
18. 3 days ago - GHTMetalProductsLimite - China: Carbon Steel Pipe, Carbon Steel Profile, Stainless Steel Plate, Galivanized Steel Tube
19. 3 days ago - chenyuanmachinery - China: Powder Grinding Machine, Capsule Filling Machine, Mixer Machine
20. 3 days ago - gxqianyun - China: Solar Gereration System, Solar Light, Solar Street Lighting System, Wind Turbine