Many companies starting to work with an international focus have the goal of exporting their products to China someday. It is a perfectly valid idea, as the Asian giant remains a commercial juggernaut. However, as its statistics demonstrate, China is an exporter but not an importer. Therefore, before starting this process, you’ll have to properly outline your strategy. We’ll tell you how to do this.
What you should know about exporting to China
First of all, there will be stipulations.
What will they require of you?
Here are some of the steps you’ll have to follow to start the process:
- Take out an insurance policy.
- Hire a customs brokerage service to transport and clear your products through customs.
- Manage all the necessary legal documents. These will vary depending on what you are going to export.
- Identify the necessary transport and relevant logistics.
- Establish a clear process for Chinese clients to select a payment method.
As you see, this a fairly regulated area that must always be respected.
Are there commercial opportunities in China?
The truth is yes. In fact, since the pandemic its exports have been increasing steadily. Although it has been the country leading in exports for decades, it is now trying to adopt a different economic model. What can you offer to the Chinese? Here are some of the sectors that perform best.
- Cuisine. Spanish products are of high quality and are famous all around the world. Hence, it will be relatively easy for you to enter this market. Canned food, cured meats, and other varieties of food may be very suitable for exporting. They sell well and many Chinese citizens are in love with Spanish cuisine. Therefore, it shouldn’t be difficult for you to find a market.
- Clothing and jewelry. The Spanish brand is synonymous with textiles and fashion. Similar to Italy, we are a country at the forefront of design, and we ought to value this. If you want to quickly find a niche where you can establish yourself and become successful, this is an option you should consider. Of course, people look for quality fabrics, an almost artisanal approach and the signature of renowned fashion designers.
- Cosmetic products. Finally, if there is something that China imports massively it is cosmetics. So much so that it is the world’s largest consumer of these types of products.
What advice can we give you?
In general, outsourcing services will be crucial to your company’s success. Think, for example, of business analysis services or translation services. Language will be a key element in establishing business relationships and ties. Count on us to make your plan more simple.
Now you know the challenges and opportunities involved in exporting to China. If you’re going to start this process, remember the importance of utilizing a professional team of translators. At blarlo we’ll help you with everything you need, get in touch with us!
