When we are thinking to start in the work of importation from China, one of the biggest problems at the time of importing is to decide which product import from China. Depending on the sector in which we move, the ideal is to contact a company expert in procurement in China, to let us advise and get a much broader view of the market and the possibilities that we have at our disposal.
Take the decision of what parts import from China for your products is extremely important. Before anything, you must identify your commercial strengths and weaknesses to decide, once performed the analysis, which of the products that you want to import is the more suitable for your business.
To begin, the most important thing is to know the sector. For example, if you own a business of furniture but you are watching how imports of parts of computers are growing and you want to delve into this sector, but you do not have any minimum knowledge about the topic, it is likely that this road is not the most profitable for you. It is very important to consider that one of the most important ratings for the importer in China is to be familiar with the products that we are going to import.
IBMH works for companies all around the world selecting and evaluating Chinese manufacturers, to be able to advise you on what parts are the best for importing and where to get them at the best price.
There are very famous sectors in China by the surprising relationship between the manufacturing cost and the selling price, as e.g. aesthetics and beauty sector.
For example, according to the National Bureau of Statistics of China (NBS), a bottle of facial treatment can have a production cost of €1.25, while you can sell it in the West in €70. In addition it is a sector in full expansion, as it grows an average of 17% per year and its tariffs have been reduce from 6.5% to 1.5%. Another interesting area is the dietary, since this market represented 7,660 million euros in 2012 in China.
However, beyond these fluctuating fashion sectors, one of the most profitable and stable sectors is the furniture hardware, wardrobe hardware, locks, furniture components, and more. At IBMH we show you a catalogue of products we manage more profitable to import in China. Check out here and get in touch with us so that we can give you more details on the purchasing management and quality control of profitable products in China!