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Importing Goods From China- Get Best Sourcing Services

Importing Goods From China

Are you starting your new business of selling clothes or other products? If yes then you should know about some important facts to earn maximum profit in short time. Everyone knows that there are many sellers and buyers in the market and a new businessman needs to make more and more efforts to stabilize their position in the market. People should also aware about a lot of facts in their mind before going to start their business. Importing goods from China is the best and effective way to make more profits by selling them in your local market. China is providing their goods with good quality at low prices and people can also import them to earn more revenues. When we talk about importing goods then we can’t ignore the importance of the sourcing companies. Such companies provide a safe and secure platform for the importers which are an amazing advantage for them.

Benefits Of Dealing With Sourcing Companies

Dealing the various manufacturers with the help of sourcing companies protects you from the various problems. If you want to import goods then you don’t need to waste your time or efforts for searching the various manufacturers. With the help of such companies, you will get the beneficial information about the best manufacturers and also about their quality products. You just need to contact them and they provide you best manufacturers with good quality products and if you have any problems with quality then they also help you to solve your all problems. You also don’t need to worry about the scams and low quality of products. By visiting this website you will surely get the desired results and more services while importing goods. Such sourcing agents also control the quality of the products manufactured in the factories and there are also many other things which help you to contact them.

Considerable Facts

People who are going for importing goods from China have to know about various things which are important. They should also need to know about the selection of the good suppliers so that they will not face the various issues regarding the quality of the goods. If you choose any sourcing company then your problems become less and you also don’t need to worry about the fraud suppliers or the low-quality products. There is also large number of suppliers that exists online and you have to choose the one after considering a lot of facts. You can also consider the reviews on their official website of their previous customers to make your final decision. With the help of such reviews, you can also know more about their services and qualities of the products. There are much more things which people need to keep in their mind before going to choose a sourcing company.

Moving further, sourcing companies are playing a significant role in importing the goods from China to reduce the costs and also to get quality products. People can also check out various sourcing companies and get out from the stress while importing goods from China.

Things Need To Know About China Furniture Manufacturing

China furniture manufacturing

Everyone wants to make their business more profitable and this is only possible by earning the high margin of profit on the sale of products. When we talk about selling products then the first thing which comes to our mind is the manufacturing of that product. Nowadays people prefer China for manufacturing furniture which they want to sell in their business. You know most of the people are manufacturing their furniture and then import those products from China and sell them for high profits. The reason behind China furniture manufacturing is their cheap rates and the better quality products. There are many more advantages which importers can enjoy while selling the imported goods in their business. This also enables them to earn more and more profits and also to achieve their desired success in business in a short time period.

How to buy from Chinese furniture wholesaler?

There are many people who want to import the furniture from China due to their high quality and affordable prices. When importers are going to buy the furniture from China then they should know about the various sellers. As we can see that they can directly deal with the factories or manufacturers to import the furniture to sell them in the local market. The thing which creates problems for the importers while purchasing from the china furniture manufacturing factories is that they offer to buy in a bulk quantity. If you are a new starter then it is difficult for you to buy according to their high MOQ requirements. On the other hand, they can go to buy the furniture from the wholesalers in a limited amount of pieces according to their desire. They should need to consider a lot of facts while choosing the wholesalers to eliminate the various problems regarding the compliance of the rules and regulations.

Considerable facts

When you are going to choose a reliable seller then there are many options which people need to make in their mind. You know there is huge variety of furniture models and you can’t find every type of furniture under one roof.  Every manufacturer is specialized in manufacturing of some specific type of furniture and for this, you have to search the perfect seller according to your requirements and products that you need to buy. If you need the different variety of furniture then you don’t need to find only one manufacturer that is specializing in multiple areas. This is not a right way and the buyers also can’t find the huge variety of products with the same seller. They can also choose the option of sourcing the different groups of suppliers instead of going to a single seller. By doing this, they will get the best variety of products.

Substance regulations

Importing goods from China is not a daunting task and for this, they have to pay more and more efforts. You may also surprise after knowing that there are many formalities which consume a lot of time to fulfill. A business starter has to know about all such vital facts to eliminate the various problems while importing goods. There are many China furniture manufacturing companies exists and you just need to find the trustworthy one by considering various facts.  When you are buying the furniture from China then you also need to check some documents of the companies to know about their compliance with rules and regulations. You also have an option to check the vital information on their official websites in order to know more about their manufacturing company, cost, and some other factors.  a new businessman in this industry can also discuss or get advice from some other buyers who are importing goods from China from many years. By doing this, they can also improve their knowledge about the various concepts about the rules and regulations of importing products from China furniture manufacturing companies.

Cost and other factors

The thing which has a great impact on your decision regarding the selection of best manufacturers in China is their cost. Most of the Chinese manufacturers are charging high costs and for this importers refuse to buy from such companies because if they buy on high prices then what will they earn by selling such products? Importers always need to search more on the internet and try to find the best companies for China furniture manufacturing in order to earn maximum profits. people need to check the reviews of the different manufacturers as well as samples so that they provide high-quality products to their customers for their satisfaction.

Checking Out The Common Aliexpress Review

aliexpress review

B2B platforms are popular these days and the reason is the availability of products to import in fewer prices and it offers you to meet with the top Chinese manufacturer. Aliexpress is the well-known platform which is used by thousands of people to import products online. There are many types of software which are integrated with this platform. Well, everyone can get started with the use of aliexpress because it is free to explore platform. You need to search the product you want and then the aliexpress review will help you choose the right product. There are many users reviews on every product and if you consider these then you are also able to glean some information regarding manufacture but is it safe to use or not? This is the same question regarding it’s legit that’s why there are lots of things you should know before getting started with the use of aliexpress.

Issues With Aliexpress

As you know that aliexpress is the most popular B2B platform but there are thousands of issues with it. Most of the complaints are registered by American and European importers. There are many aliexpress reviews regarding the fraud and that’s why there are thousands of negative reviews for this platform. There are many times when customers didn’t get the product according to standard complaints of a country. In these conditions, most of the products are destroyed by the government and this is a big loss and this thing also drops market value or reputation. In such conditions, you aren’t able to complaint many manufacturers because they don’t listen to anything you tell them, according to many aliexpress reviews. The use of Phthalates and Formaldehyde in the manufacturing of a toy or any product is illegal that’s why such products can’t be sold in the market. Lead and Cadmium is also illegal to use but many manufacturers are still regulating the use of such chemicals which are harmful to health.

America and Europe don’t accept anything which regulates the use of these substances. There are few more things which are illegal and this thing decreases the aliexpress image. Aliexpress review is all about its manufacturers regulating wrong products.

Why Some Manufacturer Provides Wrong Products?

China has thousands of manufacturers and most of them are indulged in manufacturing products for the globe. They don’t have any intention in thinking that which kind of product they are selling. Well, they manufacture for Asia, Russia and many other countries which don’t have any safety regulation as US or EU. This is the reason that most of the manufacturers don’t know safety regulation used in US and EU. Even they don’t try to provide the right product according to the standard of the country. If you place an order then you must mention to the manufacturer regarding the product you need. Sometimes, these manufacturers have pre-made products ready and they ship it to you and tell you that the product is newly manufactured. These products aren’t able to pass custom tests. These things can’t be ignored that’s why checking aliexpress review regarding the manufacturer is really important.

This thing plays an important role in choosing the right manufacturer. There are some of the cases with electronics imported from China. Some of the products burned while using and some exploded like the mobile phone charger. Such products can cause more troubles this is why the custom of every country don’t let these products in a country so they destroy the product.

Is aliexpress legal?

Due to too many cases with aliexpress manufacturers, most of the countries planed to ban it but still now, the website is working fine. If you are wondering that is aliexpress legal then don’t worry about it because if this platform is illegal to use then you can’t access it. Even there are many applications which are integrated with aliexpress which can’t work without this platform. You should keep a couple of things in mind while sourcing anything from aliexpress. First of all, check out the license of a manufacturer. If you don’t have any problem here, then proceed to check aliexpress review. Make sure that the manufacturer must be reviewed and rated as best in quality. Consider the US and EU based users’ reviews to glean better information. Check out the experience of a manufacturer and the experience years. Basically, manufacturers who are from a couple of years like 3 or more are better in providing according to customer’s demand. They know that how to work and they are able to offer you the quality which matters to you. Even they know that standards of every country which is such a nice option for getting started.

How To Start Sourcing On Aliexpress?

Basically, aliexpress offers you to buy the variety of products and there are thousands of products but choosing the right one is the main step. If you are a novice then you can start this business with the help of product which doesn’t require regulation. Yes, we are saying you to avoid products which require any kind of regulation. Textiles, accessories, bags, shoes and there are much more to get started. You can start as you want to but we still recommend you to check aliexpress review to know about a manufacturer. There is no other method which can help you. Chances of meeting with right supplier or manufacturer by browsing a little aren’t easy that’s why you should rely on reviews.

Avoiding Scammers

Most of the people end up getting stuck with fraud manufacturers or suppliers. The burning question is that how to avoid such scammers? Well, there is a single method and that is with checking aliexpress review. On the other hand, you can glean the best information by visiting the website. If anyone claims you more quality and in too much reasonable price then it’s better to move to another one. If something sounds too good then this is sure that this must be fraud.

Manufacturing In China- Low Cost And Quick Output

Manufacturing In China

Different types of companies from various countries are manufacturing their products in the china due to various reasons. As we know that China is also popular for their manufacturing industry and there are more than millions of people who are importing such goods from China. In addition to this, some businessmen also manufacture their products in China by providing the details about their requirements and needs. If you are new to this then you must know about the benefits of manufacturing in China. There are really many important things for which people always prefer to manufacture their products in this country. The one and only benefit to manufacturing the products here is the reduced cost and also the good quality. In the further article, you will get best possible detail about the benefits of manufacturing your products in China to sell them in your local market.

Lower cost of manufacturing

The thing which everyone knows very well about China is the availability of the products at low prices as compared to your local market. The importing goods and different products from China is also more in demand and many countries are buying goods from here. If you are going to start your business of selling goods then you may have to import the goods at low prices so that you can earn more profits. Most of the time people want to manufacture their goods according to their requirements then they can easily manufacture their goods at low rates from China by choosing the best manufacturers. If the cost of manufacturing in china is less then it is sure that you will earn enough profit from selling them in the market. This is one of the big advantages for the importers to manufacture their goods in China.

High output in short time period

If you are hiring any local manufacture then they take too much time to provide you the output for which you have to face many problems. If you are going to enter the market of selling goods then you have to manufacture goods first which is a daunting task. In order to perform it with ease, you should go for searching the best company for manufacturing in China. There are many manufacturers exists but you have to find a one which suits your requirements and needs. most of the time some manufacturing companies are not ready to work for small orders so that you should consider all these factors while choosing the perfect company.   In case you need to manufacture the large quantity of the products then you also don’t need to worry, you will get the best manufacturing company easily which also provides you output in a short time period.

More advantages of manufacturing in China

When you choose the option of manufacturing your all products from China then this is beneficial for your business to earn more profits. You may get amazed after knowing the fact that a businessman can easily manufacture any product in China as like any other product that he likes. The Chinese can do this better than anyone other because they have duplicate capabilities and this is really good for you to manufacture a start product for your business. You don’t need to worry about anything, they will do everything regarding manufacturing the products for your business. You can also take advice from the other people who are already engaged in such type of business. With the help of them, you can easily make your decision without spending more time and efforts.

Problems faced due to manufacturing in China

The manufacturing in China is beneficial for your business and also for attaining the desired success. This is beneficial but there are also some drawbacks which may affect your decision. You know most of the people are worried to choose the best manufacturers in China because they don’t have any special knowledge about the companies. When you are going to deal with manufacturers then you will see that there many manufacturers which only want to fraud with the foreign buyers. There is also no any surety about the quality of the goods which is really a big issue. You have to stay aware while choosing the manufacturers in China to manufacture the goods according to your requirements and needs. Sometimes there is also an issue regarding the shipment of the goods because the cost is very high. You have to choose your niche so that you don’t need to pay the higher charges of shipment.

Product Sourcing Agent- Eliminate Various Problems

Product Sourcing Agent- Eliminate Various Problems

Importing goods from China is not a simple and easy task for the starters. There are many things about which people need to aware while importing goods. Millions of businessman are importing the varieties of products from the market of China at low prices and also sell them by earning huge profit in the local market. This is also a perfect method to earn more and more money in short time and also to develop your business. Most of the people are ignoring to contact directly with the sellers because there are huge risks and also a lot of uncertainties. People should hire a product sourcing agent to avoid all the problems regarding the process of importing goods from other countries. Everyone knows that this is a long process and also require a lot of attention of the importers. By hiring a good sourcing agent, you can easily get rid of from the various problems regarding the selection of best sellers that provide best quality products.

Benefits of dealing with Product sourcing agent

When you are outsourcing goods from China then people always want to hire a Product sourcing agent so that they can easily manage their projects and all. You know what hiring a sourcing agent doesn’t add extra cost to your product but this also gives you relaxation from the various problems. With the help of such companies, you can also save your time for finding the best sellers from China. This is a fact that the starters don’t have any knowledge about the market of China and also about the various sellers. In this case, they have to search more and more. This is only a wastage of time and incases they get a fraud sellers then they can also lose their money or to face some issues regarding quality. People should always need to hire a Product sourcing agent to get rid of from the various problems.

Trusted suppliers and factories

The importers usually don’t have someone known in the nation from where they are importing goods. This is really a big issue for them and due to this, they have to face many problems in managing the project and much more. If you are hiring a Product sourcing agent then you don’t need to worry about this. This agent works as your representative in front of suppliers and also checks the quality, price negotiations on your behalf. Such agent makes your management task easy and simple so that you can overcome the stress and other issues. They also help you to minimize the risks for choosing the factories and different manufacturers. You don’t need to worry about the quality of the products and they also check the quality and other factors on your basis.

Furthermore, hiring a Product sourcing agent also helps the importers for easy and simple communication with the manufacturers. You also don’t need to worry if the supplier speaks any other language because your agent helps you to understand everything.

What Is Import Tax From China To USA?

import tax from china to usa

This is the fact that no other country can beat China in terms of manufacturing daily needs to electric products and many others. China is considered as the top country in this thing but do you know that there are lots of things to know about. Importing goods and selling it can help in earning profit but do you know that this isn’t simple as most of the people think about it. There are many taxes are involved in this thing and if you are from USA then this article can help you know many things. Well, import tax from China to USA differs with the product and this is the reason that you should check out the customs duty tax on products before importing something. This thing is really complicated and requires the complete guide to understand it properly.

The Complete Guide

Basically, the import taxes are charged for the product which is above 200$ in customs value. As you know that everything is charged differently so you need to check out the list before importing something. For example, if you import wrist watch then you have to pay 9.8 % Tax. Well, this is not a small amount so you need to get it recovered from the customer that’s why being selective in approach is recommended by most of the professionals due to custom duty taxes. On the other hand, if you import electronics like tablet PC then you don’t have to pay anything. This is the same thing with solar panels and electric bikes. Import from China is considered as the costly thing but not that much with many things. On the other hand, if you are importing eatable things like peanuts then you have to pay 131% tax. Well, this isn’t a small amount and it can cost too much then the price of the product. There are many products which are additionally charged and wrist watch is one of them which is charged as 1.53 dollars for a single unit. This is the normally charged Import Tax from China to USA and it also varies with the quality of the product.

Additional Fees and Taxes

As everyone knows that VAT is charged for every product but this isn’t the thing with USA. There is Import Tax From China To USA but there is nothing like VAT here. On the other hand, the Federal excise tax is charged on the imports of tobacco and alcohol. MPF is also changed on the imports and MPF stands for Merchandise Processing Fee which is charged for every product you import. Customs value and HMF is last. When you import something then these Import Tax from China to USA is charged and you profit depends on this thing that’s why you should know more about the product, costing and what will be the price per piece after taxes. After calculating all these, check out that how much money can be charged for the product. this is the time to check the profit.

Specific Facts About Importing Clothing From China

Specific facts about Importing Clothing From China

Are you importing the children’s clothes from China? If yes then you need to know about some important facts regarding importing clothes for eliminating the various problems. Everyone knows that the quality of the fabric and material plays a significant role in the matter of clothes. If the quality of the product is not good then it may also harm the person who will wear this. In this case, people should always aware about the quality while importing clothing from China. In addition to this, people also need to know about the basics of different sizes because there are no any rules and regulations regarding the size. Suppliers can label the small sizes as big and they can also label a large size shirt as small so that importers should know about the sizing standards to get out from such problems.

Things need to consider

If you are looking for a perfect supplier for importing clothing from China then there are some important facts which you should keep in your mind. As we all know that there are different types of clothing factories exist in the market and every factory is specialized in making a specific type of apparel. We can easily understand this with the help of their subcontractors and machinery.  This is also not very hard to know about the product scope of any manufacturer. There are many manufacturers which exist online and also have their official websites. Anyone can check such vital details by visiting their official website. There are also many websites present which are also providing such information about the various companies and people can easily check the details from such specific websites and go for the one which suits to their requirements.

What’s more about shipping?

When it comes to the matter of importing clothing from China then there is various kinds of problems occurred. The common issue is regarding the shipping of the textiles or apparel because it is a high volume product. As we all know that the air freight is depend on the weight and it also increases the volume of the clothes. Such mode of shipping is very expensive and also not affordable. In the case of importing clothes, the shipping by sea is the best alternative and its charges are also not very expensive. You also need to know about the fact that shipping by sea is not beneficial for the minor sample deliveries because it may charge you high cost. Sea fright charges are not based only the one term that is volume but it also includes some more terms like incoterm and destination.

Moving further, people always prefer to Importing Clothing from China because of the availability of the clothes of good quality at low prices. For this, people have to search online to find the best supplier or manufacturer by checking their reviews. Basically, the thing which matter is rules and regulations followed by the manufacturer. If the manufacturer is meeting with your requirement then you are able to get started by placing an order.

Forms and Deposits for Temporary Imports

Save Time and Money on Goods Temporarily Imported into Canada

Goods imported into Canada for no more than 12 months are classified as temporary imports. Importers can apply for an extension of the 12 month period.

For example, Disney ships truckloads of equipment into Canada for its Disney on Ice shows. Even though the ice rink materials, costumes and props are not for sale in Canada, these show goods are treated as temporary imports for which a security deposit is payable.

The customs broker or importer must post security that covers the full amount of both duties and taxes payable for the temporary imports. Bonds, cash, certified cheques and travellers cheques can be used for used to pay the security deposit.

Depending on the type of temporary good, Canada Border Services Agency (CBSA) refunds all or part of the security deposit when temporary imports leave Canada.

Types of Temporary Imports

Duty and tax treatment for the security deposit depends on the type of temporary import. Below are examples of different types of temporary imports.

  • Show goods
  • Trial use goods
  • Exhibit goods
  • Musical instruments for a live show
  • Lecture material, tapes, slides and videos
  • Emergency use goods
  • Goods to be repaired in Canada
  • Commercial samples.

Bon Jovi Scenario for Temporarily Imported Goods

Before American rock star Bon Jovi plays in Calgary on July 14, his band’s musical instruments are subject to specific duty and tax treatment before temporary entry into Canada.

Each of Bon Jovi’s musical instruments will be assigned a harmonized system code (HSC) under Canada’s Customs Tariff. For example, the tariff classification for the multiple-keyboard electric organ played by band member David Bryan is HSC 9207.10.00.12. In addition to that original classification code, the first 4 digits for temporary imports (9993) must also be specified on import documentation.

Under the North American Free Trade Agreement (NAFTA), the 6% tariff for imported keyboards is waived. However, Bon Jovi enterprises will have to pay the 5% Goods and Services Tax (GST) as a security deposit. The GST deposit will be fully refunded after the musical instruments are re-exported to the U.S.

Temporary Admission Permit E29B

The security deposit is accompanied by CBSA form E29B, titled Temporary Admission Permit. This document records details about the importer, customs broker as well as the temporary import’s destination in Canada.

Another key E29B field to be completed is the temporary import’s use in Canada, such as “musical instrument for live show per D8-1-1” or “goods for repair per D8-1-1”. CBSA D Memo D8-1-1 defines rules for full or partial refund of taxes for goods temporarily imported into Canada.

To calculate the amount of security deposit, users can fill in up to 5 lines on the E29B form. Each line starts with the temporary import item’s quantity, weight, description (including model and serial numbers) and tariff classification code. The amount of any duty and tax required is calculated line by line, and then totaled.

To prove that the value of the temporary import is correct, a commercial invoice must accompany the E29B form.

Form E29B must be submitted to Canada Customs at the port of exit before a CBSA officer can:

  • Complete the bottom acquittal portion of the form
  • Refund the security deposit for the temporary import.

Admission Temporaire/Temporary Admission (A.T.A.) Carnet

Bon Jovi Enterprises may be using a multi-purpose temporary entry document called the A.T.A. Carnet. This international customs document can be used for goods that will be temporarily imported into a number of different countries before the carnet’s expiry date.

Bon Jovi’s touring company could use just one carnet to cover temporarily imported tour equipment and band musical instruments when the rock group visits several different countries in a short period of time.

The carnet serves two purposes. The document:

  • Replaces the E29B
  • Guarantees that duty and taxes will be paid.

Duty and taxes on temporary imports become payable if the items are not exported out of the host country by the carnet’s expiry date.

Canadian Rules for A.T.A. Carnet

Canada is a participating country where customs officials treat carnets as acceptable temporary import permits, and therefore the CBSA would accept a carnet when Bon Jovi’s concert supplies cross the border.

Often the issuing party for the carnet is the local chamber of commerce. Chambers of commerce in different countries may have unique requirements when users apply for A.T.A. carnets.

The Canadian Chamber of Commerce requires that a carnet is only issued after the exporter pays a security deposit equal to 40% of the temporary import item’s value.

A carnet does have some limitations. For one, Canadian customs officials will insist on an E29B form and not accept an A.T.A. carnet for goods temporarily exported to Canada for repair.


US Versus South Africa – Top Export and Import Products

In this analysis, top American exports to South Africa are scored against South Africa’s imports to the U.S.

The U.S. shipped US$4.5 billion worth of exports to South Africa in 2015, down 31.3% from 2014. Over that same period, America consumed $5.9 billion in South African imported goods, down 41% from the prior year.

The end result was a $1.4 billion trade deficit for the U.S. with its South African trading partner. That is actually a big improvement over America’s $3.5 deficit with South Africa for 2014.

Top US Exports to South Africa

Below are the leading American exports delivered in South Africa in 2015, sorted by dollar value.

Within brackets is the harmonized tariff schedule (HTS) code for each product classification. The percentage to total U.S. exports is also shown inside brackets.

  1. Civilian aircraft and parts (HTS code 8800000000) … US$323.7 million (7.3% of total)
  2. Dump trucks (8704105050) … $73.8 million (1.7%)
  3. Calcined petroleum coke (2713120000) … $72.9 million (1.6%)
  4. Tunneling machinery parts including rock cutters (8431499027) … $57.2 million (1.3%)
  5. Carbon black feedstock (2707999010) … $51.6 million (1.2%)
  6. Reception and transmission equipment (8517620050) … $51.1 million (1.1%)
  7. Bituminous coal (2701120010) … $46.6 million (1.02%)
  8. Road tractors for semi-trailers (8701200015) … $45.58 million (1%)
  9. Vehicle parts and accessories (8708998175) … $41.7 million (0.93%)
  10. Small automobiles (8703330045) … $38.6 million (0.86%).

America’s number one export to South Africa confirms its global trade advantage in the civilian aircraft industry. The U.S. also adapts its exports to meet the needs of the South African mining industry, exporting tunneling machinery as well as dump trucks and tractors for off-highway transportation.

Top US Imports from South Africa

The following products are goods with the highest total dollar value that the U.S. imports from South Africa.

Three of the leading South African imports are platinum group metals (platinum, rhodium and palladium). Also among the top 10 imported goods from South Africa are medium-size vehicles with different engine sizes.

  1. Platinum sponge (HTS code 7110110020) … US$767.7 million (13.1% of total)
  2. Medium-size automobiles (8703230064) … $699.2 million (11.9%)
  3. Medium-size automobiles, smaller engine (8703230062) … $618.9 million (10.5%)
  4. Non-industrial diamonds, processed (7102390050) … $533.2 million (9.1%)
  5. Rhodium (7110310000) … $345.3 million (5.9%)
  6. Palladium (7110210000) … $166 million (2.8%)
  7. Unsaturated acyclic hydrocarbons (2901295000) … $117.2 million (2%)
  8. Slag over 40% titanium (2620995000) … $115.1 million (2%)
  9. Non-industrial diamonds, unworked (7102310000) … $112.3 million (1.9%)
  10. Ferrochromium over 4% carbon (7202410000) … $96.1 million (1.6%).

South Africa has competitive advantages in mining metals and minerals over its American trade partner. The value of imports from South Africa’s automotive industry also outperform U.S. vehicle exports.

US Exports Leading Up to World Cup

Sales of U.S. exports to South Africa fell to $1.06 billion for the first 3 months of 2016. That amount is a 13.1% decline from the period ending March 31, 2015.

The following exported American products were among the top 10 in 2015; below they are sorted starting with American exports posting the highest percentage gains.

  1. Small automobiles … US$10.4 million (up 530.1% from 2015)
  2. Civilian aircraft and parts … $94.1 million (up 74.1% from 2015)
  3. Calcined petroleum coke … $17.3 million (up 1.9%)
  4. Road tractors for semi-trailers … $1.6 million (down 94.8%)
  5. Vehicle parts and accessories … $6.2 million (down 70%)
  6. Tunneling machinery parts including rock cutters … $9 million (down 57%)
  7. Reception and transmission equipment … $8.2 million (down 27.9%)
  8. Bituminous coal … nil (same as first quarter 2015)
  9. Carbon black feedstock … nil (down 100%)
  10. Dump trucks … nil (down 100%).

U.S. sales of small automobiles to South Africa rebounded in the first quarter of 2016. America continues to exploit its competitive advantage in the aircraft industry.

South African Imports Leading Up to World Cup

America increased its consumption of imports from South Africa by 32.1% to $1.65 billion during the first quarter of 2016.

The following list reveals which top 10 imports had the greatest effect in driving up the overall value of South African goods imported into the U.S.

  1. Ferrochromium with over 4% carbon … US$56.7 million (up 427.8% from 2015)
  2. Platinum sponge … $178.2 million (up 274.2%)
  3. Palladium … $62.7 million (up 205.1%)
  4. Slag with over 40% titanium … $32.1 million (up 52.2%)
  5. Non-industrial diamonds, processed … $176.2 million (up 12.3%)
  6. Medium-size automobiles, smaller engine … $154.2 million (up 4.6%)
  7. Unsaturated acyclic hydrocarbons … $24.8 million (up 198.4%)
  8. Non-industrial diamonds, unworked … $55.2 million (up 191.3%)
  9. Rhodium … $135.3 million (up 187.4%)
  10. Medium-size automobiles … $145.3 million (down 8.7%).

Specialized metals imported from South Africa showed robust triple-digit gains to the end of March.

It remains to be seen whether South Africa beats out the United States during the June 11 to July 11 FIFA World Cup.

What is clear is that South Africa is exploiting its competitive advantage over America in international trade, building on a $600 million trade surplus during the first 3 months of 2016.