Having questions? Here you will find the most commonly asked questions about sourcing from China.
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We are a registered export company with an import-export license in Yiwu, China.
Our Business License Number: 91330782MA28E5K13U
We are a team dedicated to making your purchasing as effortless as possible. With over 15 years of expertise and a deep understanding of the Yiwu market, we specialize in finding high-quality products that meet your specifications and budget.
Our target customers are wholesalers who import products from China. We cater to businesses of all sizes that are looking to source high-quality goods efficiently and cost-effectively.
- Businesses or Individuals Needing Procurement Services: Companies or entrepreneurs who require assistance in sourcing products from China or specifically from the Yiwu market.
- Trading Companies:Entities that need to purchase large quantities of goods for resale to other businesses, distributors, or end consumers.
- Dropshippers: Online store owners who are looking for reliable suppliers for their dropshipping business model.
- Retailers and Store Owners: Physical or online store owners looking for competitive pricing on wholesale goods to sell in their stores.
- Supermarket Purchasing Managers: Those responsible for sourcing products for supermarket chains who need a variety of items at wholesale rates.
- Small and Medium-Sized Businesses: SMEs looking to expand their product offerings and need a trusted sourcing agent to facilitate this process.
To find a good sourcing agent, follow these simple steps:
Search Online: Use the internet to find agents. Look at their websites.
Check Reviews: Read what other people say about them.
Ask for Experience: Make sure they know about your type of product.
Talk to Them: Contact them. Ask questions to see if they understand your needs.
Compare Agents: Look at different agents. Compare what they offer and how much they charge.
Ask for References: Request contact details of other businesses they worked for. Talk to these businesses.
Trust Your Feeling: Choose someone you feel good about, who communicates well and seems trustworthy.
Remember, a good agent can help a lot with buying things from another country. Take your time to choose the right one.
If you want to know more about sourcing agents, please check this article.
Chinese sourcing agents charge differently. It depends on the product and how hard the work is. They usually charge in these ways:
- A Percentage: They take a small part of the total cost, around 5% to 10%. This can be more for small orders.
- A Fixed Fee: They charge a set amount for their work.
- Hourly Rate: They get paid for each hour they work.
- Commission: They earn a part of the money they save for you.
- Mix of These Ways: Some agents use more than one way to charge.
Remember, a good agent might cost more but can save you money by avoiding mistakes. Choose an agent who talks well, is reliable, and knows a lot about your product.
Click here to see how we charge.
The Yiwu market is open for business during the following hours:
- Opening Hours: 8:00 AM – 5:00 PM
The market operates throughout the year, with the exception of the Chinese New Year holiday. This means you can visit and conduct business at the Yiwu market on regular working days, but it is closed during the Chinese New Year holiday.
Please note that it’s a good practice to verify the specific dates for the Chinese New Year holiday each year, as it follows the lunar calendar and the dates can vary from year to year. It’s advisable to plan your visits and activities accordingly to avoid any disruptions during this holiday period.
When importing from the Yiwu market, your total cost can be broken down into the following components:
Product Payment: This is the total value of the products you wish to import from the Yiwu market.
Inland Charge: These are the costs for transporting your goods from our warehouse to the loading port in China.
Shipping Charge: This fee covers the transportation from the China port (Ninbo / Shanghai port) to your destination port.
Commission: Our commission ranges from 3% to 5%, depending on the quantity of your order. The larger your order, the lower the percentage.
Customs Clearance: This cost is handled by you in your country upon the arrival of the goods.
Import Duty: Also paid by you, this is the tax imposed by your country on the imported goods.
The first four charges (No.1 to No.4) are incurred within China, and the last two (No.5 and No.6) are costs that you will take care of in your country. Understanding this breakdown will give you a clearer picture of the financial aspects of importing from China.
The inland cost refers to the expenses incurred when transporting goods from the Yiwu warehouse to the nearest loading port of Ningbo or Shanhai. It includes:
Booking Fee: This fee covers the cost of making reservations for shipping services.
THC (Terminal Handling Charge): THC is a charge levied for handling cargo at the terminal, which includes activities such as loading and unloading.
Documentation Fees: These fees relate to the processing and handling of necessary shipping documents.
EDI+ Electronic Packing List Fee: The Electronic Data Interchange (EDI) and electronic packing list fee is associated with electronic record-keeping and packing list preparation.
Packing List Fee: This fee is incurred for the preparation and processing of the packing list, which details the contents of the shipment.
Telex Charge: The telex charge covers the cost of sending important communications via telex, a secure method of transmitting messages.
Seal Fee: This fee pertains to the use of seals or security devices to safeguard cargo during transportation.
Towing Fee + Barcode: This includes the cost of towing the cargo and applying barcode labels for tracking purposes.
Storage Fee: The storage fee is related to storing goods at the Yiwu warehouse until they are ready for transport to the loading port.
Ocean freight charges are the fees associated with the transportation of goods by sea. These charges cover the cost of moving cargo from a loading port in China to the discharge port in the destination country. In other words, they represent the expenses incurred for shipping products across international waters.
Freight Charges: This is the core cost of transporting goods by sea, which can vary depending on factors like the volume, weight, and type of cargo.
Container Fees: Containers are used to store and transport goods securely. Container charges include leasing or renting containers and handling fees.
Port Charges: These fees encompass various costs associated with using the ports, including harbor fees, pilotage fees, and terminal handling charges (THC).
Documentation Fees: Charges for processing shipping documents and customs paperwork.
Insurance: The cost of insuring the cargo during transit, which is often recommended to protect against potential risks.
Fuel Surcharges: Variable charges that can fluctuate with fuel prices, reflecting the cost of fuel for the vessel.
Customs Duties and Taxes: Applicable import/export duties and taxes imposed by the destination country’s customs authorities.
Additional Services: Charges for any additional services or special requirements, such as refrigerated container services or hazardous material handling.