Buying Business Property in a Foreign Country: A Comprehensive Guide
Thinking about buying business property in a foreign country? Explore key considerations, legal requirements, and tips for success.
Shipping from China can be a costly, time-consuming affair. It’s best to familiarize yourself with standard shipping costs and time estimates to avoid disappointment.
China is home to many worldwide suppliers, yet shipping from China to the US isn’t always straightforward.
In this article, you’ll learn what the most common shipment methods from China are, how long shipping can take, and general pricing information.
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There are various methods you can rely on for shipments from China to the USA. Here are the most common:
There are two types of air cargo: general and special.
To have cargo shipped by air, you need to have an air waybill (AWB). The AWB is a written contract that outlines the conditions of the sale between the seller and buyer. The AWB will include a tracking number you can use to check the progress of the shipment.
Using air freight from China to the USA ensures fast transit time, albeit at a higher cost than sea freight. You can even select express air freight for faster delivery.
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Sea freight shipping is another option for importing from China, and one of the most common methods of international shipment.
To calculate the cost of your sea freight delivery, you’ll need the following:
Once you’re comfortable with the initial price, you’ll need to request a freight quote from a shipping logistics company. This quote will determine the shipping cost from China.
You then provide the freight company with your supplier’s contact information, and they’ll handle the shipping container’s journey from China to the USA.
For many, sea freight is the cheapest shipping method from China to USA.
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The third most popular option for shipping from China to the US is to use a freight forwarder. A freight forwarder is an intermediary that will handle all of the shipping logistics on your behalf.
Freight forwarders will use sea or air freight, and have expertise in preparing the necessary documents to carry out the shipment. They may also have access to shipping networks, and knowledge of the best shipping routes from China to the USA. This can speed up the process and make it convenient for small businesses to receive shipments from China.
Plus, door-to-door shipping from China to the USA is possible through freight services, meaning you can have the goods delivered to your address.
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The number one question most business owners have when considering shipment from China is: how long does it take to get a package from China?
As you might expect, the time a shipment from China takes is dependent on the shipment method you choose.
While some express delivery services promise to have the goods at your door within a single business day, most deliveries take a lot longer to arrive.¹ It can take up to 40 days with some shipping methods such as ocean freight.²
As a general rule of thumb, the quicker you need the shipment, the more you’ll have to pay.
The fastest shipping method from China to the USA depends on the type, quantity, and dimensional weight of the goods you wish to receive.
For example, for goods under 100kg, you can opt for express air freight delivery and receive the goods in a matter of days. For goods over 100kg, your best bet is to go with air freight for speedy delivery.
Generally speaking, sea freight tends to be the slowest shipping method. It may prove more cost-effective than the other methods, though, so you’ll have to decide what’s more important for your business.
ePacket is an option for fast delivery, too. It’s a United States Postal Service (USPS) service that aims to streamline delivery from Hong Kong and China. The service, since coming online in 2011, has opened up to other countries and offers business owners an affordable international shipping option.
The cost of shipping from China to the USA will depend on several factors, such as weight and shipping method. You may also need to consider cargo insurance costs for valuable goods.
For example, when you use FedEx, shipping 25 packages that weigh 1700kg in total from Shenzhen to New York would cost:
Shipping method | Estimated shipping costs³ |
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FedEx International First® | CN¥611,480.80 |
FedEx International Priority® Express | CN¥322,429.80 |
FedEx International Priority® | CN¥313,683.30 |
It’s important to note that these rates may differ from the actual charges. This is just an estimated quote to provide you with an idea of the cost.
The costs are shown by FedEx in CNY as this is what the shipping supplier will charge.
You can check the currency conversion using the Wise calculator.
💡 Having a multicurrency business account to pay Chinese suppliers can save you money and hassle. The Wise Business account lets you do just that. With Wise Business you can pay and get paid like a local, all from one easy-to-manage account. |
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Besides shipping, it’s important to know there are also import duties and taxes that will apply. You can read the guide on US import duty and taxes from China to find out more.
The real cost of shipping from China to USA will also depend on currency conversion rates and exchange fees.
To avoid paying hefty fees for the shipping process, you can use Wise Business to pay CNY suppliers at the mid-market rate. Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks.
Pay vendors and bills with ease | |
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Join Wise Business today |
Getting started is easy & we’re here to support you on the way.
You can also send money instantly with Wise to any Chinese citizen with an Alipay ID. All you need are your recipient’s name and Alipay ID. The money will arrive in their bank account linked up with Alipay.
Source:
All sources checked March 8, 2022.
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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