Resources for International Shipping
Need a few reasons to expand your business through global trade? How about these:
- Trading overseas makes your business less dependent on the fluctuations in the U.S. economy.
- Improvements in trade finance, the internet and trade agreements have made global markets more accessible to U.S. businesses.
- More than 70 percent of the world’s purchasing power is outside of the U.S.
- Countries are eager to purchase U.S. goods and services.*
These are great reasons, but you still might have concerns. As your company expands globally, how do you nurture its fiscal health? How do you resolve monetary disputes across an ocean, or efficiently manage your costs?
It may be easier than you think. Here’s how to find international trade resources and make them work for you: (Read the tips in order or click on the links to jump to the corresponding sections.)
- Be prepared
- Use the right tools
- Packaging options
- Customize your shipping strategy
- When speed is a priority
- International on a budget
- Go farther
If international trade is new for you, take the time to develop a smart financial strategy to help grow your business. A useful resource is the free Export Roadmap. The guide will walk you through the steps to determine your export readiness, find the financial help to get off the ground, and outline your exporting plan.
Some countries charge a tariff, or duty, on imports. Avoid fines or last-minute surprise costs: Know upfront how much you’ll need to pay. The amount varies by country and industry — something to consider as you draw up your plan. To get the lowdown, check out this handy guide to tariffs from export.gov. Also, research countries with Free Trade Agreements to see how you might export with fewer tariffs and more transparency.
U.S. companies looking to start or expand an exporting operation have access to plenty of helpful groups and programs. Take advantage of the many services available to you:
- export.gov also offers a helpful overview of your financing options, whether you’re looking for startup money, working capital or resources to develop your facilities. Additionally, you can educate yourself on financial matters with free online courses. Have questions? Consult with an export expert.
- If you encounter obstacles such as intellectual property infringement or payment disputes, export.gov connects you with the support and advocacy you need to get your issues addressed, move on with your business, or even find out how to work with banks to minimize the risk of nonpayment.
- Need help with the nitty-gritty of shipping? FedEx International Resource Center can walk you through the steps of processing an international shipment, determine Duties and Taxes costs, and more.
- Having difficulty keeping track of customs regulations for various countries? Don’t worry, we’ve got you covered. Find tips and best practices for getting your products through customs and avoiding fines.
- To move your package with the urgency of FedEx International Priority and the predictability of flat-rate shipping, choose the FedEx® 10kg Box or FedEx® 25kg Box. For shipments up to 22 lbs. (10kg box) or up to 56 lbs. (25kg box), you pay the same flat rate specific to your destination country. Offer your customers a standard, predictable shipping price. It’s just good business.
- Shipping something small? If your item is under 2 lbs. and fits in an envelope, use our complimentary FedEx® Envelope or FedEx® Pak. Each is recyclable and sturdy. One pak type is padded, and all paks are made from Tyvek® polyethylene.
There are many international shipping options ― are you making full use of them? Take stock of available services, align them with your needs, and then choose a solution that saves you time or money, or both.
Differentiate yourself from your competition and delight your customers with fast international delivery.
If your shipments aren’t time-sensitive, it might make more sense to use economy shipping.
For more support on exporting internationally, visit the FedEx® Small Business Center. Check out our global expansion tips, take advantage of our special offers, and learn more about FedEx Know and GrowSM Export Education events.
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*International Trade Administration. “Exporting Is Good for Your Bottom Line.”