Export and import business
- 1. Export & Import Business Group:11 7 April 2019
- 3. Our Vision Export & Import Business 3 Index 1. Know about Export and Import business. 2. difference between Export and import business with a proper example. 3.how a country can improve its strength of Export.
- 4. Export & Import Business 4 What is Export Business? The definition of an export is something that is shipped or brought to another country to be sold or traded. An example of export is rice being shipped from China to be sold in many countries. What is Export plan? An export plan is your guideline for the development of your international business. It consists of the identification of markets, goals, activities, proposed ways of achieving objectives, required resources and expected results.
- 5. Export & Import Business 5 Procedure exporter has to submit ‘shipping bill’for export by sea or air and ‘bill of export’ for export by road. Relevant documents i.e. copies of packing list, invoices, export contract, letter of credit etc. are also to be submitted. Declaration Declaration in case of export of goods under claim for drawback. Declaration in case of export of goods under DEEC scheme. Declaration in case of export of goods in anticipation of issue of advancelicense. Declaration for consignment covered byAR-4 pending weighment at docks. Documents Four copies of commercial invoice. Four copiesof packing list. Certificate oforigin. Insurance policy Letter ofcredit. Declaration ofvalue. GR/SDF form prescribed by RBI in duplicate Bill Of Lading As a document of title, it is a certificate of ownership that allows a holder or consignee to claim themerchandise described. As a receipt of goods, it is issued by the carrier to the shipper for goods entrusted to the carrier’s care for transportation. Some Steps of Export Business
- 7. Export & Import Business 7 What is Import Business? An import is a good or service brought into one country from another. The word "import" derives from the word "port" since goods are often shipped via boat to foreign countries. Along with exports, imports form the backbone of international trade. What is import plan? Imported merchandise, supplies, and raw materials can provide the economic engine for the growth of companies in the United States. ... Controlling the entry of imported merchandise in terms of tariff classifications, valuation, and country of origin markings.
- 8. How to start an import Business Export & Import Business 8 Pick a product to import When it comes to importing you cannot be all things to all customers. Decide on something and stick with it. You have two viable reasons for choosing a product to you know it will sell or you like it Find the Right Market You’ve selected product; now you must look for someplace to sell it! You will improve your odds of picking a winner if you cultivate a knack for tracking trends or even spotting potential trends Price the Product The business model for an import/export business is based on two critical elements within the international sales operation. Volume (number of units sold). Commission on that volume. Transport your Product transporting the product to where you will be selling it. By now, you have located a customer who loves your product, solidified the terms of the sale with them and established a means for getting paid.
- 9. Import vs. Export Export & Import Business 9 Import Export Exports refers to selling goods and services produced in the home country to other markets. Imports are derived from the conceptual meaning, as to bringing in the goods and services into the port of a country. An import in the receiving country is an export to the sending country.
- 11. Export & Import Business 11 Bangladesh Exports Exports in Bangladesh increased to 271.93 BDT Billion in January from 233.67 BDT Billion in December of 2018. Exports in Bangladesh averaged 46.46 BDT Billion from 1972 until 2019, reaching an all time high of 271.93 BDT Billion in January of 2019 and a record low of 0.05 BDT Billion in February of 1972.
- 12. Bangladesh Trade, Exports and Imports Bangladesh Imports: Partners The following were Bangladesh’s import partners are: China: 15.8% India: 15.7% Kuwait: 8.1% Singapore: 7.6% Japan: 4.4% Bangladesh Trade: Export Partners The following were Bangladesh’s export partners are: United States: 24% Germany: 15.3% United Kingdom: 10% France: 7.4% The Netherlands: 5.5% Italy: 4.5% Spain: 4.2%
- 13. Bangladesh Imports& Exports: Commodities Export & Import Business 13 Bangladesh Imports: Commodities Here are the major import commodities of Bangladesh: Machinery and equipment Chemicals Iron and steel Textiles Foodstuffs Petroleum products Cement Bangladesh Exports: Commodities Here are the major export commodities of Bangladesh: Garments (totaling $12.3 billion in FY09) Frozen fish and seafood Jute and jute goods Leather Tea
- 14. The major Exports commodities of Bangladesh: Export & Import Business 14 Readymade Garments The industry that has been making crucial contribution to rebuilding the country and its economy is none other than the readymade garment (RMG) industry which is now the single biggest export earner for Bangladesh. The sector accounts for 81% of total export earnings of the country. Tea Production Bangladesh is an important tea-producing country. It is the 12th largest tea producer in the world. The industry accounts for 3% of global tea production, and employs more than 4 million people. Jute & Jute Product Bangladesh is the largest exporter of raw jute. JUTE is the single most important export item of Bangladesh About 50 million people of this land are directly or indirectly involved in various activities related to jute and jute manufacturing .