Tag Archive for Importing

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Importing from India

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By Timothy Adler on Small Business – Advice and Ideas for UK Small Businesses and SMEs
Colourful. Vibrant. Chaotic. Anybody who has visited India realises that our shared history makes it an attractive trading partner at a time when some importers may have qualms about importing from its bigger rival in Asia, China.
Despite the downturn last year due to the pandemic, the OECD has projected India’s economy to grow by 9.9 per cent this year to become the fastest-growing economy in the G20.
Total UK imports from India amounted to £11.6bn in the four quarters to the end of Q1 2021. India was the UK’s 15th largest trading partner in the four quarters to the end of Q1 2021, accounting for 1.6 per cent of total UK trade.
Of all UK imports from India in the four quarters to the end of Q1 2021, £6bn (52 per cent) were goods and £5.6bn(48 per cent) were services.
In 2019, around 14,500 UK VAT-registered businesses imported goods from India, accounting for around £7.9bn of imports.
The top 5 goods imported to the UK from India in the four quarters to the end of Q1 2021 were:

Clothing (£681.6m or 11.4 per cent of all UK goods imported from

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How to import from China to UK

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By Timothy Adler on Small Business – Advice and Ideas for UK Small Businesses and SMEs

For the UK, the desire to import goods from China is vast. China was the joint-first biggest single country that the UK imports from, along with Germany, accounting for 12 per cent of all UK imports.

Find a supplier in China

If you’re just starting up with a small order and you don’t want to go all the way to China to a trade fair, you can find online suppliers first. Three well-known ones are: Aliexpress, Alibaba, and Banggood.

Aliexpress

This retail portal, which is owned by Alibaba, is suitable for dropshippers who want to start buying from China. Hangzhou-based Alibaba group owns the website. It launched as a B2C website but most of its customers buy lots of between 10 and 50 pieces.

Alibaba

China’s biggest online e-commerce company and world’s largest B2B website listing suppliers in China. 

Banggood

Banggood has more than 20 categories for Chinese goods with 200,000 products listed and offers free shipping on some orders with warehouses in the UK, France, the US and Australia. It accepts all major payments including Paypal.

However, if you have experience in importing goods from China to the UK and you want to

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Import from USA: tips and how-to guide

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By Timothy Adler on Small Business – Advice and Ideas for UK Small Businesses and SMEs
There are many reasons that an import from the USA might make good sense for your business. US products are in high demand in the UK while American-made parts are popular when it comes to local product assembly or manufacturing.
The USA is one of the UK’s biggest trading partners, with huge volumes of goods moving between the countries every month. In fact, in 2020, $58.4bn of exports from the US arrived in Britain, somewhere in the region of 4 per cent of all of the exports leaving America.
If you’re thinking of importing from the US to grow your business, there are some things you need to know about the process, and costs involved. Importing can be complex, but don’t panic – this guide is here to help.
How to import from USA to UK
If you’re planning on importing from the USA to the UK, there are a few things you’ll need to prepare in advance, including:

Commodity codes – used by customs authorities to identify the goods you’re bringing into the country, to ensure the correct tax and duty is paid, and all legal and safety regulations

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Hot Business News Today

Importing from India

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By Timothy Adler on Small Business – Advice and Ideas for UK Small Businesses and SMEs
Colourful. Vibrant. Chaotic. Anybody who has visited India realises that our shared history makes it an attractive trading partner at a time when some importers may have qualms about importing from its bigger rival in Asia, China.
Despite the downturn last year due to the pandemic, the OECD has projected India’s economy to grow by 9.9 per cent this year to become the fastest-growing economy in the G20.
Total UK imports from India amounted to £11.6bn in the four quarters to the end of Q1 2021. India was the UK’s 15th largest trading partner in the four quarters to the end of Q1 2021, accounting for 1.6 per cent of total UK trade.
Of all UK imports from India in the four quarters to the end of Q1 2021, £6bn (52 per cent) were goods and £5.6bn(48 per cent) were services.
In 2019, around 14,500 UK VAT-registered businesses imported goods from India, accounting for around £7.9bn of imports.
The top 5 goods imported to the UK from India in the four quarters to the end of Q1 2021 were:

Clothing (£681.6m or 11.4 per cent of all UK goods imported from

Read more...

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Import guide: three essential tips and everything you need to know

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By Tom Sommer on Small Business – Advice and Ideas for UK Small Businesses and SMEs
The UK having left the EU with the subsequent transition period, along with the effects of Covid-19, have caused higher levels of volatility in trade statistics when it comes to import and export over the past two years.
The value of imports of goods and services to the UK, excluding precious metals, totalled £39bn for June 2021, up £1 billion (2.6 per cent) from the month prior. 
The trends are clear – importing is big business.
However, importing to the UK can be complicated and costly – particularly in a post-Brexit world, where trade with the EU today is a whole different ball game to this time last year.
>See also: How to import from China to UK
Imports from non-EU countries have now outpaced. Still, Germany, the Netherlands and France represent three of the UK’s five biggest exporters, so getting up to speed with the new EU/UK trade agreement will be essential for many broaching the vast world of imports.
Getting started can feel like a challenge – but it could be a great way to grow your business.
Whether importing from the EU or further afield, this guide can help

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How to import from the EU

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By Tom Sommer on Small Business – Advice and Ideas for UK Small Businesses and SMEs

A survey released by the British Chambers of Commerce (BCC) in January surveying SMEs found that nearly half (49 per cent) of businesses exporting into Europe reported difficulties in adapting to new rules post-Brexit.

Eight months on, feelings of uncertainty are still rife; a recent UK poll showed that because of changes in VAT on cross-border trade, 65 per cent of small business owners have been put off taking orders from EU customers. Fifty-six per cent report this is due to not understanding changes in rules.

On top of this, confusion has been further exacerbated by Covid, which saw a pandemic-fuelled rise in internet shopping, forcing businesses to re-evaluate their supply chain management.

To enable businesses more time to adjust to the new regulations, under current Government guidelines customs requirements for imports have been “simplified”. Traders are allowed to make a delayed supplementary import declaration, submitting full EU import declarations will be mandatory from 1 January 2022. Since then, there have been further delays surrounding the legislative changes scheduled for the 1st of October amid reports of food shortages.

The delayed onset of changes this October was both expected

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Hot Business News Today

How to import from China to UK

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By Timothy Adler on Small Business – Advice and Ideas for UK Small Businesses and SMEs

For the UK, the desire to import goods from China is vast. China was the joint-first biggest single country that the UK imports from, along with Germany, accounting for 12 per cent of all UK imports.

Find a supplier in China

If you’re just starting up with a small order and you don’t want to go all the way to China to a trade fair, you can find online suppliers first. Three well-known ones are: Aliexpress, Alibaba, and Banggood.

Aliexpress

This retail portal, which is owned by Alibaba, is suitable for dropshippers who want to start buying from China. Hangzhou-based Alibaba group owns the website. It launched as a B2C website but most of its customers buy lots of between 10 and 50 pieces.

Alibaba

China’s biggest online e-commerce company and world’s largest B2B website listing suppliers in China. 

Banggood

Banggood has more than 20 categories for Chinese goods with 200,000 products listed and offers free shipping on some orders with warehouses in the UK, France, the US and Australia. It accepts all major payments including Paypal.

However, if you have experience in importing goods from China to the UK and you want to

Read more...

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How to minimise gaps in your supply chain post Brexit

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Originally written by Daniel Baker on Small Business
Since the final Brexit deadline on December 31, businesses across the UK have had to quickly become familiar with the new trade deal and adapt their supply chain accordingly.
Unsurprisingly, this has not been without disruption.
With a shortage of trucks and hauliers available to transport goods across the border and gaps in understanding of the new legislation across the supply chain, the first two months following Brexit have proven incredibly challenging for many British businesses.
>See also: Half of small business exporters struggling with new rules post Brexit
At Origin, we import some of the parts used to manufacture our aluminium doors and windows from the EU, so access to these materials was our primary concern following the announcement of the deal. Like many businesses, we had plans in place for a host of possible scenarios in anticipation of this, many of which have proven invaluable in the months following the deadline.
However, as Covid-19 taught us in 2020, it’s impossible to prepare for all eventualities, and we have found ourselves having to quickly pivot operations in some areas of the business in order to adapt to the impacts of Brexit that we hadn’t anticipated.
‘The first two

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Hot Business News Today

How to minimise gaps in your supply chain post Brexit

by  •  • 0 Comments

Originally written by Daniel Baker on Small Business
Since the final Brexit deadline on December 31, businesses across the UK have had to quickly become familiar with the new trade deal and adapt their supply chain accordingly.
Unsurprisingly, this has not been without disruption.
With a shortage of trucks and hauliers available to transport goods across the border and gaps in understanding of the new legislation across the supply chain, the first two months following Brexit have proven incredibly challenging for many British businesses.
>See also: Half of small business exporters struggling with new rules post Brexit
At Origin, we import some of the parts used to manufacture our aluminium doors and windows from the EU, so access to these materials was our primary concern following the announcement of the deal. Like many businesses, we had plans in place for a host of possible scenarios in anticipation of this, many of which have proven invaluable in the months following the deadline.
However, as Covid-19 taught us in 2020, it’s impossible to prepare for all eventualities, and we have found ourselves having to quickly pivot operations in some areas of the business in order to adapt to the impacts of Brexit that we hadn’t anticipated.
‘The first two

Read more...

Hot Business News Today

How Brexit is going to affect your business – #1 imports

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Originally written by Timothy Adler on Small Business
You will have to declare all post Brexit imports
As EU businesses, UK retailers did not previously have to declare goods arriving from suppliers also within the EU. Post Brexit, all businesses will have to declare all imports arriving from within the EU. This is already the case for importing from non-EU countries such as the USA, China and other non-EU countries such as Switzerland, Lichtenstein, Norway and Iceland.
You can make the declarations yourself, but most businesses use a courier, freight forwarder or customs agent.
If you want to declare customs yourself, discover what to do here.
On the other hand, if you want to use a customs agent or freight forwarder you can find a list here.
New rules for certain types of goods
There will be different rules for importing goods in categories including food, seeds, alcohol and tobacco. You may need to update the licenses and certifications for any products you import that fall under these categories.

Find out more about licences and certifications here
Find out more about rules for food, seeds and manufactured goods here
Find out more about rules for alcohol, tobacco and certain oils here

You will need an EORI number
If you already import from

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