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.
If you’re thinking of selling toys in the US market, there’s a great chance you will import your products from China. Currently, more than 70% of the toys manufactured in the whole world are manufactured in this country. When planning your first import, you need to take into consideration many factors. How can you find a reliable Chinese supplier? Which certificates are required? And what are the current US tariffs on toys from China? In our guide you will find all the information necessary to start importing toys from China.
Duty rates for dashcams from China
Dashcams, commonly associated with YouTube videos showing dangerous road incidents in Russia, are becoming more and more popular around the world, including the US and Europe. Those kind of devices are also relatively popular among the Chinese drivers, China is one of the world’s biggest producers of dashcams and huge part of this production is exported.
For many importers, China is a country where a great amount of clothes can be purchased and sold with big profit at their home countries. Recently the Chinese labor costs have risen, and the same happened with the major raw materials. However, Chinese suppliers can provide better quality and already have experience in this branch of trade.
Everyone who is willing to start an importer’s career should remember about several important issues. First of all, to generate a satisfactory profit margin, a huge order must be made. Smaller orders can be easily handled by Chinese wholesalers operating in your own country.