In the last couple of years, owners of both small and big businesses have been increasingly interested in importing products from China. Good value for money with those products encourages more and more people to earn a living this way, and success stories undoubtedly only motivate them to do so. Before anything, though, you should consider what is worth importing from China to make your business most profitable.
What is worth importing from China?
Chinese factories produce an extensive range of products, whether they are simple buttons or complicated machinery. Indeed, every buyer will find something for themselves in “the world’s factory,” China is said to be. Still, when choosing the goods you will import, you should keep in mind that not every product will bring profit. Thus, the first and foremost thing to do is to research what products are in demand and calculate the costs.
So, what is worth importing from China? Every business owner has to decide what kind of goods interest them. There are plenty of possibilities, and you can find success importing products, no matter if they’re headstones, car parts, or nail polish. The import of toys, clothing, and textiles from China is immensely popular. Electronics are a hot topic because Chinese manufacturers are innovative. We have also noticed that an increasing number of buyers import food packaging (food contact materials). Many are also interested in purchasing equipment for sports and recreation, as well as beauty products.
Products popular among importers
Here is a list of the most popular products imported from China:
- Household articles
- Sports and recreational equipment
- Consumer electronics
- Renewable energy
- Building materials
- Furniture and home décor
- Solar panels
- Clothing, textiles, and accessories
- Vehicles and parts
- Chemical products
- Articles for animals
- Garden equipment
- Medical products and equipment
What products should you avoid?
Although there is a wide variety of goods you can import and make a profit off, there are also those that could bring you problems. For example, if you want to sell products with Disney characters, you will need a license. So, if you buy and ship them from China, you cannot legally sell them. The case is the same with many other brands, so you should either watch out for such products or acquire a license.
Another thing you should pay attention to is customs duty. Some products are treated differently than others and may end up costing much more than you would expect. A good example is products with imposed anti-dumping duty. Such measures are imposed when the product’s price is believed to be significantly under market value. For instance, steel is one of the Chinese imports at a higher cost when imported to the EU due to anti-dumping duty. To stay clear of losses, you should carefully research the goods you want to purchase, calculate any additional costs, and make sure the transaction will turn out profitable.
How to start importing from China?
Choosing the right product is just the beginning. If you have already found out what is worth importing, you need appropriate preparation. The next steps will be to find a supplier, initiate negotiations, transfer the payment to China, get the products shipped, and go through customs clearance. Moreover, remember that before you make any transactions, you should always verify your potential business partner.