It seems like in modern society we cannot go through life without electronic devices. Thanks to appliances, we have more time to ourselves, and carrying a smartphone is a necessity. China has moved smoothly from a low-cost sector and low technology to a value-added industry and high technology, becoming a global production base for electronics. Despite being a developing country, China export loads of devices such as mobile phones, notebook computers and electronic components. In 2017, the value of China’s electronics manufacturing services market reached around $300 billion, and in 2023, the value of it is supposed to break $500 billion. Do you want to import such goods from China? Check the current US import duty on electronics.
Despite the growing prices and labor costs, China will remain to be the most important manufacturing base for electronic equipment. Large, qualified workforce and perfect supply chain determine that for the following years most of the smartphones, tablets and other gadgets will be manufactured somewhere between Guangzhou and Shenzhen. But what should the importer keep in mind, if he is about to start importing? In our opinion, the whole process should be divided to several phases.