There are a lot more documents and procedures that are required if exporting some specific products. For food product example, the exporter needs to provide health inspection certificates and sanitary certificates. Some export and import procedure(s) and documentation can turn out to be very costly as well. All costs need to be considered for your export business In order to apply those certificates, special import and export procedure(s) need to be concluded.
Incoterms are international trade delivery terms that cover who is responsible for which part of the logistics process. Incoterms 2020 is the latest version and the one we'll be focusing on in this video, but we'll also be making some comparisons with Incoterms® 2000.
1:24 - EXW (Ex Works) 1:48 - FOB (Free on Board) 2:31 - CFR & CIF (Cost & Freight, Cost Insurance Freight) 3:05 - DDP & DDU / DAP (Delivery Duty Paid / Delivered at Place)
This video outlines the important steps companies must take in order to begin exporting overseas. Learn how to become export-ready with this overview of the US export process by watching the video and visit trade.gov for more information about the US export process. For more: https://www.trade.gov/learn-how-export
The United Nations Comtrade database aggregates detailed global annual and monthly trade statistics by product and trading partner for use by governments, academia, research institutes, and enterprises. Data compiled by the United Nations Statistics Division covers approximately 200 countries and represents more than 99% of the world's merchandise trade. Information can be extracted in a variety of formats, including API developer tools for integration into enterprise applications and workflows. Subscribers receive access to additional functionality to improve efficiency and specificity.