In our increasingly interconnected world, international trade is paramount for economic growth, especially for emerging economies like Myanmar. The United States (US), a global economic powerhouse with diverse consumer needs and a vast appetite for imported goods, presents immense potential for Myanmar businesses. With the rise of online shopping and advancing technological standards, more Myanmar businesses are recognising the opportunities to export their products to the US.
Indeed, in 2022, the total export of goods from Myanmar to the US reached a remarkable US$761.16 million, a substantial leap from the prior year's figure of just below US$600 million, the United Nations COMTRADE reported. Whether you're an experienced exporter or a novice starting in the international shipping scene, understanding the intricacies of the export process, from preparing the goods for export to clearing US customs, is critical.
This guide aims to simplify the process of shipping from Myanmar to the US, offering a comprehensive walkthrough of each step and highlighting the vital role of a reliable logistics partner like DHL Express Myanmar.
Step 1: Identifying export potential of Myanmar businesses
Myanmar's rich cultural heritage and diverse resources translate into a wide range of products that can cater to the varied US market. These can range from textiles and handicrafts, agricultural products, precious gems, and even specialised goods like traditional medicines. Investigate your product's demand, research US market trends, and consider potential competitors in your niche. If you’re considering the online marketplace, explore popular e-commerce platforms and their product policies.
Step 2: Complying with import and export documentation
It's essential to comprehend import and export regulations in the US, as non-compliance can lead to costly penalties. The country follows strict import laws, which are regulated by the US Customs and Border Protection (CBP). Some of the required documents typically include a commercial invoice, Bill of Lading or air waybill, and possibly an export licence, depending on the goods you're exporting.
- Commercial invoice: This document provides detailed information about the goods, their price, the terms of sale, and the parties involved in the transaction. It plays a significant role in determining the US import tax that would be applicable to your goods.
- Bill of Lading or air waybill: It serves as a contract between the shipper and the carrier, outlining the type, quantity, and destination of the goods being carried.
- Export licence: Certain goods may require an export licence. Consult the US Export Administration Regulations (EAR) to see if your products need a permit.
Also, familiarise yourself with the Harmonised Tariff Schedule of the United States (HTSUS) to determine the tariff rates for your goods.
Step 3: Preparing and packaging goods for export
The next step is to prepare your goods for shipping. Depending on what you’re exporting, different packaging methods will be required. Shipping fragile items like artwork and ceramics requires extra care, requiring bubble wrap for cushioning and sturdy boxes. When packing textiles or clothes, ensure the packaging prevents moisture damage. All goods should be labelled according to US regulations, and the packaging should contain information such as the nature of the goods, country of origin, and safety precautions, if any.
