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Indonesia records trade surplus thanks to sharp import drop
The trade balance bounced back to a surplus in May following a large deficit in the previous month as a drop in exports was followed by a steeper decline in imports, Statistics Indonesia (BPS) announced on Monday. The surplus was recorded at US$210 million last month, standing in stark contrast to the $2.29 billion deficit recorded… Read More
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The Major Players You’ll Work With When Running an Import/Export Business+
Let’s take a look at the agencies you may be working with as you manage your import/export business. While they can be divided in broad strokes into importers and exporters, there are many variations on the main theme. Export management company (EMC). An EMC handles export operations for a domestic company that wants to sell… Read More
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Indonesia – Import Requirements and Documentation
The GOI requires extensive documentation prior to allowing the importation of goods. Local customs brokers are acquainted with the procedures and required format of the documentation. At a minimum, the U.S. exporter or his agent must provide a pro-forma invoice, commercial invoice, certificate of origin, bill of lading, packing list, and insurance certificate. In addition… Read More
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Freight Forwarders
Once you have identified your new foreign buyers you then need to consider how to ship your goods to your international customers efficiently, securely, and legally. You may want to check with a couple different international shipping companies to compare costs and available services. There are freight forwarders who specialize in certain types of shipments.… Read More
