Philippines Import and Export Procedures You Should Know
The Philippines consists of various islands and its exports and imports reach almost USD $80 billion annually. Some of the country’s high-volume import and export partners include China and Japan.
Importing and exporting demand adherence to relevant procedures. Furthermore, you need the right liquid bulk transportation companies to accomplish the task together with the essential clearances and documents to allow international distribution. Here’s a look at the procedures you should know.
Export Procedures
Obtain Import Data
Before you decide to export, you must examine the nation’s import data. This significant information resource will help you examine the existing market trends and determine the products with wide distribution.
We recommend you research to determine popular products, so you can establish whether exporting your preferred product is a viable decision. You’ll understand how crucial market analysis is in the logistics industry.
If you’re thinking of bulk liquid transportation, you must recognize the existing product trends in local and international trade.
Documentation
After analyzing import data, the next step we recommend is completing the relevant documents to become a certified and verified exporter. The same way you’d need to acquire an importer license is how you’d require certified product receipts from the purchaser, together with government clearances to export your preferred product.
Like product importation, exporting has become more streamlined. Nowadays, it’s easier to obtain the essential clearances that permit the transportation of products overseas. We recommend you verify whether you have the relevant copies of documents because the customs office will require them for further verification.
Recognize Limitations
We advise clients to recognize the products and items that are under restriction by international and local customs offices. Certain products might be under restriction for various reasons, for instance, national emergencies or compliance against the distribution of hazardous substances and materials.
Restrictions can impede the bulk liquid transportation process, which can be very expensive. The best thing is to prevent product distribution in the first place. You’ll find that customs offices typically have a revised list of restricted items and we advise you to examine them before making global product deliveries.
Establish the Appropriate Logistics Partner
After processing all the relevant documents for export, you can proceed to the delivery process. Your exported items must arrive at the intended destination quickly and safely, which is why you have to find the appropriate liquid bulk transportation companies to accomplish the task.
Delivery
After locating a suitable bulk liquid transportation for product export, you can have it delivered to the intended destination. Throughout this process, appropriate scheduling is vital because you want a timely arrival of products. Securing cargo is equally important, which your logistics partner can offer easily.
While transportation is taking place, we recommend you monitor the status constantly to see whether it’s traveling on schedule to ensure you’re updated. This is important for our clients because we understand that they value timely product delivery.
Philippines Import Procedures
If you intend to be an importer, your business requires an import clearance certificate, to begin with. Subsequently, you need to register with the Bureau of Customs and create an account with the Client Profile Registration System.
Keep in mind that the clearance certificate is valid for three years and the profile accreditation needs updating annually and processing usually takes 15 working days.
Documents
Any liquid bulk transportation companies importing to the Philippines should provide an invoice; import permit; packing list; certificate of origin; bill of lading; and customs import declaration. Those importing plants, animals, medicine, or chemicals should acquire a certificate of product registration from the FDA.
The documents needed in the importing nation to accept delivery of imported products depend on unilateral or bilateral trade agreements and other policies of the importing government. The documents needed also depend on the nature of the goods being imported (dangerous goods, personal effects, livestock, etc.).
Clearance Documents
Customs bond
Where applicable, this is relevant to particular goods importing to the Philippines
Import license to Philippines
This should be acquired from a government agency of the importing nation
Certificate of Analysis
The purchaser might insist on the seller enclosing a certificate of analysis about the products. The document helps the customs authorities to verify the products being imported.
Some products need special permission before importation can take place and hence separate documentation might need submission. For instance, you’ll require the certificate of product registration when importing items in the categories of food and plants. The products prohibited from import into this country include explosives, toxic or hazardous items, gambling-related products, and illegal drugs.
Taxes and Tariffs
The country follows the UN’s Standard International Trade Classification. Import tariffs range from 0-65 percent and imported products in sectors with elevated domestic production usually incur higher tariffs. For non-agricultural items, tariffs have an average of 6.7%. Customs apply a VAT for imported items at 12% while products worth less than $200 don’t incur any tax.
Bulk Transportation in the Philippines
You need reliable liquid bulk transportation companies if you’re looking to transport bulk liquid. A reliable flexitank provider with trained personnel is necessary to ensure the safe loading of flexitanks to the agreed capacity.
Our staff will handle your flexitank needs and offer the necessary support to meet your business needs. We offer an efficient approach to storing and transporting non-hazardous bulk liquid, so you can count on us. The Philippines is a strategic and dynamic trading location. As the nation maintains compliance with ASEAN-wide financial integration, opportunities for exporters and importers will continue growing. You just need expert knowledge to avoid customs-related delays and ensure export and import activity occurs fast and remains lucrative.
