In 2018, the value of global trade was $19.48 trillion. More and more merchants are looking to book freight online to tap into this overseas growth opportunity.
But sending a package locally is drastically different from sending one overseas. Strict cross-border regulations mean that successfully importing and exporting goods globally requires care. With that said, there is a way to manage the complexities of international shipping to do it profitably.
These are the factors to be considered before shipping overseas:
Country restrictions
When exporting internationally, it’s important to know that specific country’s import and export regulations. Certain countries prohibit or control the export of certain goods and products. These regulations may mean your goods may be subject to special rules or conditions. Canada, for example, has a quota agreement on goods like sugar and lumber. Brazil prohibits the exportation of electronic cigarettes.
Customs, duties, and tariffs
All goods or products shipped internationally must clear customs before they can be allowed into a country. The customs clearance process will require you to fill out certain documents so your products can clear customs. If you are looking for ecommerce shipping solution then fret not, Shipyaari is the apt e-commerce logistics solution. They transport what is needed to be transported from one part of the world to other via various delivery methods.
Shipping companies
With the global online trade as expansive as it is, there are a plethora of choices when it comes to choosing an international freight shipping company. Identifying the right shipping partner for your needs will ensure you work with a shipping company that is reliable and reasonably priced.
Modes of transportation
When it comes to shipping internationally, there are two modes of transportation available – ocean freight and air freight. Airfreight is faster and more reliable. But this speed comes at a cost. Ocean freight is much slower but is considerably cheaper and can carry more capacity and volume.
Airfreight should be used for products that are time-sensitive such as holiday gifts, products with a limited shelf life, or products with a high value.