How to export from India to the USA
There is tremendous growth in exports from India to the USA. The USA is the largest importer of Indian goods. Export business between India and the USA is growing continuously. Many goods are exported from India to the USA. The top exports of Indian goods are Food, Textiles, Leather products, Handicrafts, and many more.
What Products to Export to the USA?
The USA is the world’s largest market for goods and services. One should have a knowledge of the American market before deciding which products to export there. It will help you avoid losing time on activities related to launching your business that could give you negative results.
Online Marketplaces in the USA
The US has one of the most vibrant e-commerce markets due to its size, diversity, and reputation as a global business hub. More than 1 million online marketplaces are in operation across the country, with some two dozen different types of platforms catering to different niches.
Amazon is the biggest online marketplace in the United States. There are about 300 million Amazon customers around the world. In the US alone, there are more than 100 million Prime members.
It is the fourth most valuable public company globally, the largest Internet company by revenue globally, and after Walmart, the second largest employer in the United States. Amazon is the largest Internet company by revenue in the world. It is also the second-largest private employer in the United States and one of its most valuable companies.
eBay is an American multinational corporation and e-commerce company, providing consumer-to-consumer and business-to-consumer sales services via the Internet. The company was founded in 1995 and has become one of the largest online marketplaces in the world. The company’s aim is to be the world’s favorite destination for discovering great value and unique selection.
eBay is one of the largest online marketplaces in the United States. For sellers, it’s a place to attract a wide variety of shoppers ready to purchase. eBay can help you sell your items quickly through fixed-price format and auctions.
Shopify is an e-commerce platform that powers over 300,000 online stores and processes more than $2 billion in sales every year. It allows businesses to create professional websites with no software or coding experience easily.
Shopify is a powerful e-commerce platform that includes everything you need to create an online store and sell online. Shopify gives you everything you need to create a beautiful online store at a fraction of the cost of a development shop. You can easily import your products with Excel or CSV files, integrate your shopping cart software and start selling right away.
In the USA, Etsy Online Marketplaces is the most popular website from which consumers purchase handmade, vintage, and unique products. Some of Etsy’s top categories are jewelry & accessories, clothing & shoes, home & living, craft supplies & tools, vintage items, weddings, toys & games, and art & collectibles.
The Etsy Online Marketplaces in the USA also has a dedicated customer service team, which can care for any problems or concerns that may arise with the site. Also, it offers free shipping on some of its products, which is a very attractive offer to potential customers.
How to obtain IEC?
IEC stands for Import Export Code. It is a ten-digit code needed for import and export business in India. It is issued by the Directorate General of Foreign Trade (DGFT).
The applicant needs to fill up a form known as Application for Grant/Renewal of Importer Exporter Code (IEC) [form-IEC]. This form must be submitted to the Regional Authority concerned and the supporting documents.
Having an IEC provides more credibility to your business and makes it look more professional and serious about doing business.
What is the FDA?
The Food and Drug Administration, or FDA, is the federal agency responsible for ensuring that foods are safe and properly labeled. The drugs, cosmetics, and medical devices sold in this country are safe and effective. FDA also works to reduce tobacco use, protect against environmental hazards such as radiation, and promote public health by encouraging healthy lifestyles.
The FDA is concerned with drug safety throughout a product’s lifetime — from the time it is tested in clinical trials, through its use by patients, to the discovery of any adverse side effects. The FDA also has a monitoring system that tracks drug safety even after a drug is approved for marketing and use.
Documentation and Custom Clearances
Importing into the USA is not as simple as it looks from the outside. You need to be prepared with all the necessary documents and information to ensure your imports’ smooth and easy passage. Once you are clear about the legal requirements, you can obtain your license and file for the imports, which will help you in the future.
The US Customs and Border Protection is responsible for ensuring that all goods exported into the United States are classified correctly and pay duties and other fees as required by law.
The US Customs and Border Protection requires that certain information be provided to clear a shipment through customs. This information can vary depending on the product, the product’s value, the origin of the product, country of destination, etc.
Export Charges From India To USA
The export price reflects the cost of production and not necessarily the selling price in the international market. The export price may be compared with domestic wholesale or retail prices, but not with import prices because it does not consider transportation, insurance, and other costs incurred in bringing goods to a foreign port for resale.
The charges for exporting from India depend on the cost of Ocean freight (per Kg) per container, full container load or less than container load, and also based on volume in cubic meters. This charge varies based on the destination port and which shipping line is used.
The charge for exporting from Mumbai port (India) to New York Port (USA) is Rs. 1000 per CBM (Cubic Meter) in case of Less than Container Load (LCL). If you export by Full Container Load (FCL), the cost will be doubled.
Start Selling in the USA with Eunimart
We believe that an e-commerce platform will be the new catalyst for growth in retail. With rising cross-border shopping and demand for global brands and sophistication among consumers, e-commerce platforms can now seamlessly reach and ship products to consumers virtually anywhere in the world with just a few clicks.
This ultimately means that businesses that plan strategically to grow their business outside their national borders will benefit significantly from an e-commerce presence overseas. If you are interested in selling your products online in the USA or if you want help selling your products online in the USA, then Eunimart is here to help you start selling online in the USA today.
- What is the importance of export documentation?
Ans: Export documentation plays a vital role in international marketing as it facilitates the smooth flow of goods and payments thereof across national frontiers. A number of documents accompany every shipment. These documents must be properly and correctly filled.
- How much does it cost to start an import export business?
Ans: One of the catch-22s of being in business for yourself is that you need money to make money–in other words, you need startup funds. These costs range from less than $5,000 to more than $25,000 for the import/export business.
- Does the United States import or export more?
Ans: The United States imports more than it exports. The 2019 U.S. trade balance is negative, showing a deficit of $617 billion. Capital goods comprise the largest portions of both U.S. exports and imports.