
Have you been having problems importing from China to Ireland?
Problems such as lack of adequate information may prove a challenge when importing from China to Ireland.
But you don’t have to worry anymore. Here is a guide that solves all your problems when importing from China to Ireland.
In this guide, we give you a simple walkthrough into the details of a door to door shipping from China.
Sea freight from China to Ireland
To help mitigate factors such as importing huge volume of goods from China to Ireland conveniently, you can use ocean shipment.
This kind of shipment is ideal if you are not in urgent need of your goods.
Furthermore, by using ocean freight, you can import virtually anything from China to Ireland.
The other advantage when using ocean freight is the cost.
Ocean freight is relatively cheaper when you compare to air shipment implying that you will save by using it.
However, you will have to factor in time when importing using ocean freight.
This is because ocean freight normally takes time to arrive in Ireland from China.
You will, therefore, have to make prior arrangements before settling on ocean freight.
Air freight from China to Ireland
The advantage of shipping your goods via air from China to Ireland is that your goods will take the shortage of time to arrive.
If you are in urgent need of your import, this is the best option that you can use.
Also, if you are importing sensitive goods such as jewelry and weapons, then this is the secure way of shipping them.
However, shipping via air has several limitations.
First, the cost of shipping via air is relatively high.
You, therefore, need to factor in this cost when choosing which method to import your goods.
Another limitation that you will have is that there is a limit to the volume of goods that you can import.
This can be serious when you are in urgent need of a large volume of gods.
Ireland Import Duty and Tariffs
There are several taxes that you will incur while importing your cargo.
These taxes and duties will depend on the kind of imports you are bringing into Ireland from China.
It is important to understand these duties as they will affect the cost of your goods when you import them.
Here is a look at the duties and taxes that you will pay when importing different kinds of goods.
The basis upon which the customs will use to calculate your taxes and duties is the CIF value of your imports.
The customs will do this at the port of entry of your goods.
The customs will use the Harmonized system to classify your goods according to the customs duties that you need to pay.
The average customs duty that you will pay on your imports is 8% which depends on the goods you are importing.
If you are importing raw materials, you won’t have to pay any customs duty.
You will have to pay an exercise tax which varies depending on the kind of import you are bringing to Ireland.
On top of these, you will have to pay a standard VAT rate of 23% on your imports.
However, there are goods which you can import without paying VAT.
Such goods include books and children clothes.
Also, you won’t have to pay customs duty on certain goods.
How to Buy from Alibaba to Ireland?
1) Select a product to import
2) Search for potential suppliers
3) Supplier interaction
4) Cost consideration
5) Choosing your supplier
6) Port of origin and port of destination selection
7) Goods collection
- Top Imports from China to Ireland
- Customs Clearance Ireland – How it Affects Importing from China to Ireland
- Calculate Cost of Importing from China to Ireland
- Identify Chinese Suppliers
- Consider Terms of Trade when Importing from China
- Choose a Reliable Method for Shipping from China to Ireland
- How to Buy from Alibaba to Ireland
Here, we unpack all the relevant information so that you are confident when importing from China to Ireland.
Have a look.
Maersk Line
Chapter 1: Why Import Products from China to Ireland
One of the frequent questions that I encounter is – why should I import goods from China to Ireland?
Though it is an important question, the truth is, there are many benefits of importing your goods from China.
Ireland Imports
Here is a look at some of these benefits.
1. Reduction in cost
The key benefit of importing from China is that you can reduce your total cost.
This cost includes the cost you would have incurred producing the goods in Ireland.
The production cost of Chinese goods is much cheaper than you producing the same goods in Ireland.
With this in mind, you can cut cost which is the main objective of all importers.
2. Unique products
Chinese manufacturers offer unique products that you can import to Ireland.
The advantage of having unique products is that you will have a unique niche for your products.
To be able to utilize this opportunity ultimately, you need first to conduct market research to understand the market needs.
Once you have known what the market needs, you can go ahead and import your cargo from China.
3. Increase in profit
The main intention of any importer importing goods from China to Ireland is to make a profit.
You achieve this by choosing unique products which are fast selling in Ireland.
The more customers buy your goods, the higher the profit you make.
Also, the products in China are cheap, and when you add up with the shipping cost, you will notice that the cost is lower.
The implication of this is that you will be able to increase your profit margin through importing from China.
4. A wide range of goods
The availability of a wide range of manufacturers in China implies that you can virtually import anything from China.
Chinese manufacturers can produce different versions of the same product.
This gives you the advantage of selecting a product that will suit the market that you want to venture in.
5. Importing quality products from China to Ireland
If there is one thing that your clients will appreciate is the kind of quality of your goods that you will import from China to Ireland.
Chinese manufacturers can produce high-quality goods at a relatively low cost.
Proper planning and analyzing of the market are important before you realize the benefits of importing.
Don’t be in a rush to import anything to benefit from importing from China to Ireland.
Chapter 2: Top Imports from China to Ireland
If you want to engage in the importation business, you will have to look for top imports from China to Ireland.
These are goods that will sell quickly and give you a high-profit return.
Origin of Imports to Ireland
The advantage of going for the top imports is that it will save you of the inventory cost.
You won’t have to spend a lot looking for a warehouse since you will be importing to sell.
But what are these top imports?
Let’s have a look at the answer to this question in this segment.
- This includes any legally approved medicines in Ireland.
- Under this, you can import different types of machinery including agricultural machinery like tractors, heavy industrial machinery or even basic home appliance machinery.
- Electrical and electronic appliances. This may include simple appliances such as home theatre and television sets to heavy appliances such as transformers computers and laptops.
Under this, you can also import items like spare parts for a variety of electrical and electronic device.
Beauty products
- Beauty products. This is an attractive market segment for women that you can target your imports. Among the products that you can import under this include perfumes and cosmetic products.
- Medical apparatus. If you are in the medical field, you can import various products under this. For instance, you can import lifesaving machines such as medical ventilators, incubators, and anesthetic machines.
You can also import diagnostic machines like ultrasound and MRI machines, PET and CT scanners, and x-ray machines.
Lastly, under this category, you can import medical laboratory equipment
Laboratory equipment
- Organic chemicals. The agricultural sector can benefit from the importation of organic chemicals from China to Ireland. These are important in the agricultural sector as they help increase the yields of the farm.
- Aircraft and spacecraft. Importing these goods include the importation of their spare parts as well. They are important in the aviation industry
- Perishable products. This covers a wide of your imports. You can import animal products from China to India including milk, meat including goat, bovine and pig meat, cheese and butter.
You can also import poultry products such as eggs.
Apart from that, honey is in high demand in Ireland which makes it an important import you can choose from China to India.
- Industrial Chemicals. If you want to specialize in industries, you can import industrial chemicals from China to India. Industries use these chemicals for the various manufacturing process.
- Specializing in this category involves the importation of vehicles and motorcycles.
Chapter 3: Customs Clearance Ireland – How it Affects Importing from China to Ireland
For the safe imports of your goods, you need to be careful when dealing with the customs authorities in Ireland.
Complying with the customs implies that you will have your goods as soon as possible.
However, failure to comply with the customs will mean that your goods will have to be confiscated by the customs.
You may also have to pay fines for these delays.
To prevent such issues, let me take you through the customs clearance in Ireland.
3.1. Prohibited and Restricted Imports from China to Ireland
While you can import goods of your liking from China to Ireland, there are some goods which you cannot import to Ireland.
These include restricted and prohibited goods in Ireland.
Prohibited imports
Restricted goods are those which you can import only after receiving a necessary permit from authorities in Ireland.
These goods include the following:
- Animals, Animal Products and remedies
- Wrappers and bags
- Books and periodic publications
- Chlorofluorocarbons (CFCs)
- Explosives, firearms, and ammunition
- Endangered Species
- Drugs
- Dairy products
- Footwear
- Iron and steel products
- Medicinal products
- Any pesticide
- China Porcelain
- Seed potatoes
- Plant and plant products
- Radioactive substances
- Tobacco
- Traps and snare
- Tableware and kitchenware
- Waste
- Wild animals
On the other hand, prohibited goods are goods which you cannot import to Ireland.
The customs will confiscate these goods if you import them.
They include the following
- Any product that has traces of biocide dimethylfumarate (DMF)
- Counterfeit and imitations
- Pornography and indecency or obscene materials
- Collectible coins
- Copyrights
- False Trademarks
- Smokeless tobacco
- Offensive weapons
- Food imitations
3.2. Ireland Import Requirements and Documentation
Documentations will help facilitate the customs clearance of your goods from China to Ireland.
You will, therefore, need to have all the proper documents when clearing your goods in Ireland.
The following are the important documents that you need to have when clearing your goods in Ireland
· Certificate of origin
You will need a certificate of origin when importing from China to Ireland to indicate where the imports are coming from.
In this case, you will indicate your imports are coming from China.
Certificate of Origin
The certificate helps the customs authority in estimating the trade volume between countries.
It also helps in cases where there is a trade agreement with a particular country as well as a basis for Tax calculations.
· Commercial Invoice
A commercial invoice is a document that indicates the value of your goods.
Among the information that you will find include the value of your imports and the total quantity, you are importing.
Commercial invoice
It must also indicate the value of each unit of your import if possible.
The importance of this document is to enable the customs to estimate the value of duties and taxes that you are to pay.
You need to ensure that your supplier indicates the correct information to avoid cases of paying incorrect taxes and duties.
· Airway bill or Bill of lading
The airway bill or bill of lading is a document which the carrier of your goods will issue your forwarder.
In the case of air, the carrier will issue out an airway bill while a bill of lading in the case of ocean shipment.
Bill of lading
The bill of lading has vital information that the customs require.
Such information includes the value of the goods as well as the nature and quantity of the goods you are importing.
They will use this document as a cross-reference document when estimating the duties and taxes that you will pay.
It is therefore important to ensure that the information of this document is the same information as that of the Commercial invoice.
· Special permits
In case you are importing goods that are regulated, you will need to have a special permit depending on which goods you are importing.
The purpose of these documents is to give importing access to your goods.
Besides this, there are special documents that you will need to have when importing from China to Ireland.
For instance, you will need to have agricultural certification when you are importing any agricultural product.
Dublin Port
Some of these agricultural documentations include Sanitary certificate which checks into the safety of foodstuffs that you import to Ireland.
· Single Administrative Document
The Single Administrative Document is an important document when importing to Ireland as it acts as the import declaration form.
The information that you will find in this document includes the nature of the goods.
You will also find the harmonization code and the customs procedure code.
The customs will use these codes to classify your goods according to the taxes that you are to pay.
You will also find your information or that of the person you have designated to do customs clearance for you.
You or your customs broker will be responsible for filling of this document which you can either do manually or electronically.
3.3. Ireland Customs Regulations and Clearance Process
Let me take you through the customs clearance process and the regulations that will affect your imports to Ireland from China.
First, when importing your goods from China to Ireland, you or your customs broker will have to fill a Single Administrative Document.
This is a requirement for all importers to the Eu to which Ireland is a signatory.
Customs clearance
You can do this electronically via the Revenue’s Automated Entry Processing (AEP) system.
Always ensure that you check the type of goods you are importing to ensure they comply with the customs regulations.
That is, if you are importing restricted goods, ensure that you have the required permits.
If you are importing goods that require testing before getting into Ireland, ensure that you do so and you have the approval certificates.
Again, ensure that what you are importing is not among the prohibited items.
Before the customs release your goods, you need to pay the necessary taxes and duties.
Irish tax and customs
You can do this using Electronic fund transfer.
Ensure that you have paid the total duties and taxes.
By doing this, you minimize situations that can lead to a delay in releasing your goods.
While submitting your taxes and duties, please ensure that you accompany them with all the required documents.
These documents are listed above as such you can go through them.
There are no general requirements when it comes to the labeling of your imports.
However, you need to ensure that your manufacturer or supplier includes the name of the manufacturer and their address the label.
The standardization mark of quality needs to be on the label.
The Irish authorities encourage the use of multilingual your import labels.
The packaging requirements for your imports are simple.
First, they need to conform to the EU standards that address such issues like human health safety.
The packaging also needs to consider the environment like waste management.
Also, if you are using wood to package your imports, it will have to undergo phytosanitary inspection.
You can import samples duty-free from China to Ireland, and such samples are valid for up to a year.
For a product to qualify as a sample, you will have to include a mark that will render it useless for future usage.
Such marks may include perforations on the product or cuttings on the product.
However, the customs will require that you deposit security with them for the period the goods shall be in the country.
The value of this security shall be 10% of the value of the duties and taxes that you would have paid if they were not samples.
Chapter 4: Calculate Cost of Importing from China to Ireland
Cost plays an integral part of your importation.
Even before you start importing your goods, you need to have an estimate of the cost that you are going to spend.
Lack of proper accounting of your importation cost may lead you into trouble.
For instance, you may not be able to clear your goods at the post.
Calculate cost
You may also be at a disadvantage when purchasing goods in China.
This is because you may be forced to settle for cheap quality or less quantity of the goods that you wanted.
Let’s go through the costs that you will encounter during the process of importing your goods from China to Ireland.
4.1. Know Buying Price of Imports in China
To be able to import your products from China, you need to be able to know what buying price you are going to buy these goods.
There are several advantages to doing this.
For instance, you can plan well on the total cost that you are going to incur.
The importance of this is to ensure a smooth flow of your importation.
Different suppliers offer different prices for your goods.
Of course, this does not imply that you settle for the supplier who offers the least price.
Cost
You need to factor in other elements.
For instance, you need to consider the incentives the suppliers offer such as discounts and payment terms.
Another element you need to consider before choosing a buying price for your goods is the lead time of production.
A supplier may offer low price but takes long to deliver the goods which may disrupt your activities.
The buying price will have to consider the quality of your goods.
When it comes to Chinese goods, you will always have different quality of the same product at different prices.
You, therefore, need to be careful when choosing a buying price for your goods.
Before settling on a price, I would recommend that you request for samples from your supplier.
You will be in a position to check if the quality matches the one that you need hence settling for that buying price.
4.2. Estimate Shipping from China to Ireland Costs
Shipping cost is an important cost element that you need to consider to ensure a smooth process of importation.
You will incur different shipping cost depending on the volume of your goods and the container you will be using.
To be able to understand this, here is a look at the shipping cost of different containers from China.
I have arranged this according to different ports of origin in China and destination in Ireland.
Shipping a 20 ft container from China to Ireland
Port of origin | To Dublin port | To port Rosslare | To port Foyle | To Port Kinsale | To Port Belfast |
Port of Guangzhou | $1150 | $900 | $1500 | $1125 | $1175 |
Port of Shenzhen | $1100 | $1000 | $1400 | $1175 | $1225 |
Port of Tianjin | $1175 | $1050 | $1325 | $1150 | $1200 |
Port of Qingdao | $1200 | $1000 | $1425 | $1180 | $1275 |
Port of Ningbo | $1170 | $1070 | $1475 | $1195 | $1300 |
Shipping a 40 ft container
Port of origin | To Dublin port | To port Rosslare | To port Foyle | To Port Kinsale | To Port Belfast |
Port of Guangzhou | $1150 | $900 | $1500 | $1125 | $1175 |
Port of Shenzhen | $1100 | $1000 | $1400 | $1175 | $1225 |
Port of Tianjin | $1175 | $1050 | $1325 | $1150 | $1200 |
Port of Qingdao | $1200 | $1000 | $1425 | $1180 | $1275 |
Port of Ningbo | $1170 | $1070 | $1475 | $1195 | $1300 |
Shipping an OOCL container
Port of origin | To Dublin port | To port Rosslare | To port Foyle | To Port Kinsale | To Port Belfast |
Port of Guangzhou | $1150 | $900 | $1500 | $1125 | $1175 |
Port of Shenzhen | $1100 | $1000 | $1400 | $1175 | $1225 |
Port of Tianjin | $1175 | $1050 | $1325 | $1150 | $1200 |
Port of Qingdao | $1200 | $1000 | $1425 | $1180 | $1275 |
Port of Ningbo | $1170 | $1070 | $1475 | $1195 | $1300 |
During the period of your importation, you will come across several Incoterms which you need to understand them.
Here is a walk through to these incoterms.
Incoterms 2010
· FOB
Free on Board is an incoterm that gives you control over the shipment of your goods.
The advantage of this is that it allows you to look for a carrier for your goods and negotiate with them.
FOB
You will be responsible for selecting an insurance cover for your goods as well as meeting the custom requirements at the customs.
Other responsibilities include freight payment and paying for your transportation cost from your port of destination to your address.
Your supplier pays for availing your goods to the port of destination including transportation fee.
The loading of your goods to the carrier and clearing your goods at the customs at the port of origin is the function of your supplier.
· CIF
Cost Insurance and Freight is an incoterm that allows you to pay for the cost of your cargo as well as clearing with the customs at your port of destination.
CIF
You will also have to make arrangements for transporting your goods from the port to your address.
Your supplier, on the other hand, avails the goods at the port of origin as well as clears with the customs at this port.
They will also look and pay for a carrier for your goods as well as taking an insurance cover for the goods.
However, there is no maximum guarantee of the nature of the insurance, and if possible, you can buy an insurance cover for your goods too.
CIF is the commonly used incoterm when it comes to international shipping.
· EXW
Ex-works allows you to have some control over your imports.
Your responsibility under this incoterm includes paying for your goods.
EXW
You will also do the customs clearance at the port of origin in China and your port of destination in Ireland.
Under this incoterm, you need to pay for cargo insurance as well as the cost of the carrier.
Your supplier will be in charge of delivering your goods at a named place which can be a warehouse and furnishing all necessary documents.
Under this incoterm, you have maximum liability over your cargo while your supplier bears minimum responsibilities.
· DDU
Delivery Duty Unpaid is where your supplier agrees to deliver your goods at a named place which is usually the port of destination.
However, they won’t pay any customs duty.
They are responsible for the cost of the carrier from the port of origin to your port of destination.
You will have to pay for the customs duties as well as paying for the transportation of your goods to your address from the port.
· DDP
Delivery Duty Paid implies that your supplier will handle your goods from their warehouse to a named place in your port of destination.
This will include customs clearance at the port of origin as the port of destination.
They will also pay for the carrier of your goods and an insurance cover for your cargo against any risk that may occur during shipment.
Your supplier bears the maximum responsibility for your cargo.
DDP
You will bear minimum responsibility on your cargo by using this incoterm.
Chapter 5: Identify Chinese Suppliers
There are several suppliers available that you can choose for the supply of your goods.
However, not all of them are reliable.
Being an international business, you need to be wary of cons and fraudsters who will dupe you of your money.
To minimize this, here are some of the reliable places you can identify suppliers for your goods when you are importing from China to Ireland.
· China Sourcing agents
The use of sourcing agents is common especially for a newbie since they don’t have contact with Chinese suppliers and manufacturers.
Using sourcing agents to get suppliers will involve you making contact with them and explaining your needs.
Sourcing agents
The sourcing agent then looks at their contacts and come up with a list of suppliers who can supply you the goods.
They will take you through each of them and help you settle on one supplier.
There are several advantages that you will gain by using this method.
For instance, there is security and safety of importing your goods.
Since you will involve a sourcing agent who knows the manufactures in China, you don’t have to worry about dealing scammers.
Sourcing agents have a local presence in China which makes manufacturers secure in dealing with them.
The manufacturers might consider you an outsider hence the need to involve the sourcing agents in getting your manufacturer.
Lastly, you will save on time and cost that you would have used traveling to China.
This gives you time and resources to do other engagements.
There are certain limitations you’re you will experience when using a sourcing agent.
First, they add to your costs.
You will hire a sourcing agent to source for you a manufacturer of your preference.
In return, you will have to pay them for the services they have given you.
The other limitation is that it may turn out to be time-consuming.
In cases where your specifications are hard to meet, it will take extra time for you to find a suitable manufacturer.
This might cause a change of plans to meet your client’s demands.
· Alibaba
If you are an online importer, then the best place to source for your supplier is by the use of Alibaba.
Alibaba allows you to interact with wholesale manufacturers and suppliers of different importers.
What happens is that on the Alibaba website, you will find a list of suppliers and manufacturers with different reviews.
These reviews are left there by customers who have dealt with them.
You can, therefore, go through and select your preferred supplier or manufacturer.
The advantage you have with this option is that you have a wide variety of suppliers to choose from for your importation.
This gives you an opportunity to select a supplier who will work on your specifications.
The fact that you can scroll on their website to select your preferred supplier makes Alibaba an easy site to source for your supplier.
Most suppliers offer different prices for their imports.
This helps you to look for suppliers that you can save cost while importing your goods.
However, the following limitations do exist.
First, there is the risk of having suppliers who can deliver poor quality goods.
This can be a disadvantage especially if the imports are in urgent demand.
The other limitation is that the process of getting a supplier and having your goods delivered to you can be time-consuming.
This requires adequate planning so as not to affect your business schedule.
Of late there has been a negative review of most suppliers on Alibaba.
Though this should not scare you from using Alibaba, it is a potential limitation.
Those negative reviews may be an indicator of the supplier’s credibility.
As such, you need to carry out further investigations before selecting a supplier.
· AliExpress
AliExpress works the same way as Alibaba.
However, unlike Alibaba, AliExpress is mainly for those importers who want to import retail items.
You can have the following advantages when using AliExpress.
The first is that there are competitive prices for different products on AliExpress.
The advantage you have here is that you are likely to buy goods at a lower price.
If you are in the importation business, AliExpress offers you an opportunity to package your goods before selling them.
This is possible through the use of their warehouses which you can access for free.
The Limitation of using AliExpress include the fact that it is a public website which is prone to cyber-attacks.
Also, it gives potential buyers an opportunity to buy directly from AliExpress as opposed to buying from you.
This can make your business unattractive.
The fact that it takes longer to ship your products implies that you need to make prior arrangements before importing.
Failure to do this may lead to your clients looking for other sources of getting their products.
· Trade Fairs
If you want to interact with different suppliers or manufacturers before selecting one, then you need to attend the China Trade Fairs.
The government and relevant stakeholders organize these trade fairs at different times of the year to attract clients.
Among the common trade fairs in China include the Canton Fair which occurs in April and The Yiwu Commodities Fair which happens around October.
You can also attend the Beijing International Auto Show, Bauma China, and East China Import and Export Commodity Fair.
These trade fairs display a variety of products which you can import to Ireland.
The advantage you have with attending trade fairs include interaction with suppliers and manufacturers.
This is important as it allows you to know the type of supplier you will be dealing with.
You are in a better position to visit their warehouses and production sites.
The fact that there are several suppliers implies that you are likely to find the product you want at a lower price.
You will also be in a position to negotiate favorable terms for the goods.
However, the following are the setbacks that you will encounter with attending trade fairs.
First, there are various trade fairs in China.
If you are to attend all of them to find a suitable supplier, you are likely to spend a lot of resources regarding time and money.
The effect of this is that you will have to factor this cost on your imports which will increase its price.
· Visiting China
If you have time and resources, you can pay a visit to China to be able to meet with potential suppliers and manufacturers.
This is the surest way of ensuring that you have the right supplier for your goods.
Visiting China allows you to visit the manufacturers’ premises which in turns develop the trust you have with the manufacturer.
Section of Shenzhen Electronic Shopping
There are various benefits you will get by visiting China.
First, you will have the opportunity to interact with potential suppliers.
You can use this opportunity to visit their manufacturing sites as well as negotiate favorable buying terms.
However, the following are some of the limitations you will face.
First, it consumes a lot of time that you would have used for other aspects of your imports.
For instance, instead of traveling, you can use that time to find a market for your imports.
Also, you can use the traveling cost for other purposes like increasing your stock.
Chapter 6: Consider Terms of Trade when Importing from China
You need to be alert when importing from China to Ireland.
This involves understanding the terms of trade that you will engage when importing from China to Ireland.
For a better understanding of these terms of trade, here is a look at the details that you need to observe.
6.1. Sign a Contract with the Chinese Supplier
If there is anything that you need to do before you import your goods from China is to have a contract with your supplier.
This important document will explain the roles of every party during the supply process.
You will have to check for several crucial information in your contract.
For starters, you need to ensure the contracts details all the roles of each party.
Sample agreement
You also need to ensure that the contract has both your details and that of your supplier.
This includes your name and address as well as the name and address of your supplier.
Also, you need to ensure that the contract is within the framework of the law which will enable you to seek help in case of things going wrong.
6.2. Know Minimum Order Quantity (MOQ)
One thing with suppliers in China is that they always insist on an MOQ before they start supplying you with your goods.
The reason for this is that most suppliers or manufacturers don’t have warehouses to store goods.
The will only start to manufacture your goods once you confirm the MOQ that you want them to deliver.
You will also note that there is high competition for manufacturers in China.
MOQ
As a result, the MOQ is likely to be high.
The reason for this is that the profit margin is low hence they depend on large quantities to enjoy a higher profit.
The limitation that comes with MOQ is that you need to engage with your supplier or manufacturer to understand their lead time for production.
Failure to do this may be a cause of having delivery problems during importation.
However, there are some ways that you can use to lower your MOQ.
For instance, you can do a higher quotation for less of your imports.
This will enable your supplier to manufacturer the same quality products but still earn the same profit margin.
Another way is through reducing the customization of your product.
The idea of customization of your product costs a lot since your manufacturer or supplier will have to factor in all your specifications.
Customizations include branding as well as labeling of your goods.
Lastly, you might want to consider buying goods from small manufacturers and suppliers to reduce your MOQ requirements.
You can spread the cost among different suppliers and still get the same quality of goods.
Such suppliers usually have less MOQ which can work to your advantage.
6.3. Choose Flexible and Secure Payment Method
Just like any trade, you will have t pay for the goods that you will import from China to Ireland.
There are several payment options that you can select when importing from China to Ireland.
However, since you are dealing in international trade, you need a payment option that is secure.
Here is a look at a list of possible payment options that you can choose for your goods.
EURO
· Alipay
You will notice that most Chinese suppliers will always insist on Alipay as a payment option for your goods.
This is especially so for suppliers who use Alibaba and AliExpress to deliver their goods.
The reason for this is that being a sister company to Alibaba, Alipay offers a secure payment solution to both you and your supplier.
There is, therefore, a guarantee that your supplier will get paid for the delivery of goods while you will get the goods that you paid for.
You can use Alipay if you are a newbie in the importation business or you are an existing importer.
· Western Union
WesternUnion allows you to pay for the importation of your goods only if you have a working relationship with your supplier.
This is because there is no recurse path in case of problems during importation.
The advantage you have is that it offers a quick way to pay for your goods.
You can pay via Western Union in a matter of hours or days.
However, therein lies the limitation.
You will have to incur high transactional charges when using this method.
Also, the risk of scammers and fraudsters exist meaning that you can lose your cash easily.
· Telegraphic Transfers
Perhaps this is one of the oldest methods of payment that you can use to pay for your imports in China.
On the same note, this is also one of the riskiest methods of payment that you can use.
It basically involves you paying for the goods first before the actual delivery of your goods.
By doing this, you have no control in cases where your supplier delivers the wrong products or fails to deliver.
As for advice, though not commonly used, you need to be careful when using this payment option.
· Letter of Credit
A Letter of Credit is one of the most secure and common payment options that you can choose to pay for your goods in China.
A Letter of Credit basically involves the use of your commercial bank as an intermediary.
What this means is that your commercial bank will undertake to pay your supplier once they deliver the goods to you.
You and your supplier, therefore, have the guarantee of meeting your expectation during this period.
· Escrow
Another payment option that is secure for you to use is Escrow.
Under this type of payment, a third party will hold your cash and only pay your supplier once they have delivered your goods.
You and your supplier need to agree on the third party that you select mutually.
· PayPal
Lastly, a common online payment option in recent times to use when you are paying for your goods is PayPal.
PayPal s a secure and transparent payment option that you can have when you compare to other online options like Telegraphic Transfer.
The only disadvantage you will experience with this option is the high transactional fee that you will pay.
Chapter 7: Choose a Reliable Method for Shipping from China to Ireland
There are several ways that you can use to import your goods from China to Ireland.
The choice of which method to use will depend on several factors.
These factors include cost, the urgency of the goods, nature, and volume of the goods as well as your preferred method.
With that in mind, let’s go through the common methods of shipping your goods from China to Ireland.
Chapter 8: How to Buy from Alibaba to Ireland
One of the secure ways that you can go about your importation from China to India is through the use of Alibaba.
Alibaba offers you a secure and reliable way of importing your goods without necessarily having to travel to China.
So, how do you go about buying from Alibaba and importing to Ireland?
Importing from Alibaba to Ireland
Here is how.
1) Select a product to import
The first step when you want to import from Alibaba to Ireland is first to get to know which product you want to import.
There are various ways of getting a product that you can import.
The choice of which product to import will depend on several factors such as the government regulations and the capital you have.
2) Search for potential suppliers
Once you have identified the product you want to import, you need to identify a potential supplier for your goods.
You can do this by checking on the Alibaba website.
Alibaba has a way of rating suppliers based on clients’ ratings.
The higher the ratings, the better the services the supplier will provide.
You can pick suppliers who have a higher rating to engage in for the importation of your goods from China to Ireland.
3) Supplier interaction
Once you have a list of suppliers, you can go ahead and interact with the suppliers.
The advantage of doing this is that you can get to know their supply terms.
Such terms include the MOQ, their lead time regarding production as well as the cost of producing your goods.
During this time, you can negotiate with them to have favorable supply terms.
4) Cost consideration
The next factor that you need to consider is estimating the total cost that you will incur during importation.
By doing this, you will be able to factor all costs so that you can easily pay all those costs.
Failure to do this may lead to having cost problem during your importation such as not having enough cash for paying for your goods.
5) Choosing your supplier
You need to settle down on a supplier who will supply your goods.
You can do this after considering your budget as well the interactions you have had with the suppliers.
It is important that your supplier delivers as per your expectations.
This will enable you to have the right quality as well as the right quantity at the right time.
6) Port of origin and port of destination selection
The next thing you need to do is to select a port through which the shipment of your goods will take place both in China and Ireland.
There are factors that you need to consider when selecting a port — for instance, the port charges and the convenient port for you regarding your location.
You will also have to select a port that can conveniently handle your shipment including the necessary facilities.
7) Goods collection
Once your goods arrive at your port of destination, you can go ahead and collect them.
The process of collecting your goods entail customs clearance.
During customs clearance, you need to have proper documents as well as all the necessary duties and taxes.
This will facilitate the clearance of your goods.
To avoid complications at this point, I would advise that you use the services of your freight forwarder or a customs broker.
Conclusion
See, importing from China to Ireland is not that complicated.
You can go ahead and import your cargo from China to Ireland.
All that you need is a reliable forwarder who will provide you will all the relevant information when importing from China to Ireland.
This includes advising you on the documents you need when importing and the importation process.
If you are in need of a reliable forwarder, feel free to contact us, and we will offer you only the best-importing services from China to Ireland.