How to import rubber gloves from Vietnam? Do not be afraid to build a long-term business plan if you realize this commercial viability.
The rubber gloves are available in a wide variety of designs nowadays. We will discuss how to import rubber gloves from Vietnam in this article. Let’s get started!
The Source – Vietnamese Rubber Gloves
They are protectors utilized to shield human hands from potentially hazardous or toxic surroundings.
They’ve been helpful in a wide range of medical and industrial settings. According to the task’s requirements, they are manufactured from several sorts of rubber.
These gloves come in handy when dealing with poisons, hot water, stains, dirt, gasoline, or other unpleasant items. They come in a variety of styles to suit a multitude of purposes.
Rubber gloves are made from various common materials and are suitable for a variety of functions. Here are some of the most common types:
- Surgical gloves
- Household gloves
- Welding gloves
- Industrial gloves
- Electrical gloves
These products are helpful for a wide range of tasks, including:
- Chemical processing
- Food processing
- Battery manufacturing
- Graphic arts
- Printing industry
- Minimal chemical
- Assembly of automobiles and planes
- Dealing abrasive objects that have been greased or oiled, acids, solvents, and caustics.
>> Read More: Import Working Gloves From Vietnam – All You Need to Know in 2022
Current Market Of Exporting Vietnamese Rubber Gloves
These products belong to the rubber industry. In 2021, after ten years of decline due to a sharp drop in the value of exports, this sector’s export turnover rebounded dramatically.
Over 80 countries and regions throughout the world import these products. When it comes to export revenue, Vietnam is now ranked third globally.
Ministry of Agriculture and Rural Development reported that the exports of these commodities gained 1.93 million tonnes, achievingcUS$3.24 billion in revenue in 2021.
On a year-over-year basis, exports increased by 11.7 % in quantity and 36.2 % in value. The steady rise in exporting values accounted for the significant increase in volume.
Because of the record-high exporting price of rubber, the sector made a $3.2 billion profit in 2011.
Unfortunately, because of a dramatic reduction in sale commodity prices, the total value of exports fell under $3 billion in the next nine years, even dipping under $2 billion.
The export turnover of these products hit $2.38 billion in 2020, mainly to a rise in external demand. Vietnamese rubber goods have made inroads into many significant markets, helping to boost the overall value of exports in 2021.
Exporters increased dramatically in numerous significant countries last year, including the United States, the European Union, South Korea, Malaysia, and India.
In particular, export value to India increased by 96.4 % in quantity and 153.6 % in value; 57.8% in amount and 95.2 % in value to South Korea; 80.5 % in excess and 130 % in value to the United States; and 79 % in quantity and 129.7% in value to Germany in the first ten months in 2021.
General Department of Customs stated that with 2 million tonnes of shipments worth $1.96 billion in the first 11 months in 2021, China remained the essential destination for Vietnamese rubber commodities.
Compared to the same period of 2020, the quantity and value of exports climbed by 1.71 % and 26.3 %, respectively.
The exports grew significantly in 2021. Gloves and other products like gaskets and tires accounted for a significant portion of the sector’s export revenue.
According to the Vietnamese Rubber Association, in 2021, the exports value rose due to a shortage of supplies. Because of a long wet season in certain Asian nations, worldwide natural rubber resources were insufficient.
As a result, the Vietnamese rubber industry prospects in 2022 are up-and-coming, with significant export development and excellent export pricing.
>> More: If you intend to import pineapple from Vietnam, it would be best to know the right importing procedure.
Import Rubber Gloves From Vietnam: Shipping Process
Are you looking to export these commodities to foreign countries but do not know the procedures for exporting these products and the regulations?
Let’s read the process below; Vncomex will provide you with the necessary information.
Conditions For Exporting Goods
According to regulations, each country will have its requirements for importing these commodities. As a result, before exporting, businesses must thoroughly discuss the country’s laws and restrictions with their customers.
>> See More: Import Jacket From Vietnam – Introducing the whole shipping process
Export Tax On These Commodities
Different tax rates and export tax codes will vary depending on the type of products. Medical gloves, for example, are items that are not subject to export tax and hence do not require payment of tax.
Export procedures of these commodities are somewhat complex. When exporting, companies must prepare a variety of documentation. The following items should be well-prepared in the paperwork for customs clearance:
- Commercial Invoice
- Bill of Lading
- Sale Contract
- Packing list
- Certificate of Origin
The shipping schedule will differ depending on the condition of the products, the method of transportation, and the destination country. Air and sea freight are two options for shipping.
It is feasible to ship urgent orders via airplane, but the costs will be expensive. On the other hand, you could save money by shipping bulk goods by sea freight if they are not urgent.
Because export processes can be intricate, you should seek the assistance of a professional customs clearing service provider for help with more reasonable and convenient procedures.
With over ten years of experience in logistics, Vncomex is currently considered the best import-export freight company on the market today.
There are many reasons why our company is famous and trustworthy:
- We have many years of experience in customs declaration and procedures, always ensuring prestige for customers.
- We are dedicated to providing a flexible timetable and quick shipping.
- Countries without seaports can benefit from our multimodal transportation services.
- Our staff is professional, with many years of experience in the industry, knowledgeable about decrees, policies, and circulars related to tax.
The Bottom Line
Now, you know how to import rubber gloves from Vietnam, right? In general, the importing procedure is considerably complicated if you do it yourself.
Please contact us for support and advice if you look for a trustworthy and experienced international freight forwarder. Thanks for taking your time reading this post!