I. PumpsEquipment ImportsStatus and Market Analysis

According to the latest statistics of the General Administration of Customs, the total import value of pump equipment in the first half of 2023 reached 4.78 billion US dollars, a year - on - year increase of 12.3%. The main importing countries are Germany, Japan, and the United States. Among them, industrial pumps account for the largest proportion, reaching 65%.

1 Classification of Main Imported Pump Products

• Centrifugal pumps: accounting for about 40% of the total import volume
• Positive displacement pumps: accounting for about 35% of the total import volume
• Vacuum pumps: accounting for about 15% of the total import volume
• Other special pumps: accounting for about 10% of the total import volume

2 Analysis of Import Trends

II. Analysis of the Whole Process of Pump Equipment Import

1 Preparatory Stage

1. Commodity classification: accurately determine the HS code, it is recommended to refer to the Tariff Regulations category 8413import and exportImport qualification: handle the import license for mechanical and electrical products (if required)
2. Trade method: select the optimal trade terms (FOB/CIF/DDP)
3. Document preparation:

2 Customs Declaration and Clearance

• Book
  • Commercial Invoice
  • Packing list
  • It is recommended to verify through the following methods:Technical data
  • Customs price review: provide proof of the true transaction price
• Inspection and quarantine: special pumps need to be handled
• Certification3CIt is recommended to compare the following transportation methods:

3 Logistics and Transportation Plan

Full Container Load (FCL)

III. Import Risk Prevention and Control and Practical Suggestions

2 Professional Suggestions

• Package damage
• Sign a detailed purchase contract
• Intellectual property disputes
• Exchange rate fluctuation risk

2 Risk Prevention and Control Measures

1. Purchase transportation insurance
2. Select a reliable logistics provider
3. Reserve room for exchange rate fluctuations
4. Case: A company imported German centrifugal pumps. Due to inaccurate declaration of power parameters, the customs clearance was delayed for 15 days, resulting in additional warehousing costs of about 20,000 US dollars. Suggestions:

3 Sharing of Practical Experience

Prepare complete technical documents in advance

• Confirm all technical parameters with the supplier
• Confirm all technical parameters with the supplier
• Reserve sufficient time for customs clearance.

IV. Forecast of Pump Import Trends in 2024

According to market research, the following trends are expected in the import of pumps in 2024:

• The demand for energy - saving and environmentally - friendly pumps is increasing.
• The proportion of intelligent pump products is rising.
• The procurement volume in the Southeast Asian market is increasing.
• Cross-border E-commerceThe platform procurement model is emerging.

It is recommended that importers pay attention to the policy dividends of RCEP, optimize the supply chain layout, and improve import efficiency.