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What is re-export?
Re-exporting refers to exporting of goods that have been imported and modified before being exported again. Learn more about its process and meaning in this blog.
The practice of re-export, also known as entrepot trade, is a type of international trade where products that were previously imported are exported without any changes. For instance, one party of a free trade agreement might offer cheaper tariffs to other countries to attract their business before re-exporting the same goods to another partner in the trade agreement.
What is the meaning of re-export?
Domestically produced goods that are transported outside of a country are exports. Re-exporting, on other hand, refers to the movement of goods that have already been imported into a country but are then exported to that same country or to a different one. For instance, a country may re-export defective goods back to its home country if it deems the quality of products it has imported from another country to be unsatisfactory. Re-export also occurs when a country is bound by a contract or restrained from sending goods to another country1.
Process of re-exporting
1. Goods (consider machines) are imported into country A from country B.
2. Country B tests the machines.
3. Later, country B exports these machines to country C.
Since the goods that were earlier imported are now being exported, this process is re-exporting.
2. Country B tests the machines.
3. Later, country B exports these machines to country C.
Since the goods that were earlier imported are now being exported, this process is re-exporting.
Things to keep in mind while re-exporting
· Goods must remain in the same condition during import and export.
· To facilitate organization, improve efficiency, and facilitate analysis, records of the re-exported goods must be kept separate.
· To facilitate organization, improve efficiency, and facilitate analysis, records of the re-exported goods must be kept separate.
Difference between export and re-export
Re-exports apply to any goods that are brought into the country from abroad and then resent to another country. For instance, a piece of equipment might have been shipped from country A after required testing, while it was initially imported into country A from country B. Re-exports in this case refer to the act of sending such equipment back to the same or a different country. When a country exports goods to another country and later imports it back into the same country – it’s called re-imports.
Easy e-commerce exports with Amazon
Global Selling
With the growing demand for Indian products in international marketplaces, exporters and Indian sellers are keen to expand their businesses to the world. Amazon Global Selling is an e-commerce exports program that enables exporters and MSMEs to start and grow their export business in 200+ countries and territories. The exporter can simply register with the program in four simple steps and reach millions of customers shopping on 18+ Amazon international marketplaces.
Frequently Asked Questions
Why is re-export important?
Re-imports and re-exports occur frequently as a result of the exported items not meeting quality standards, not fitting the buyer's requirements, or being shipped for a specific reason, such as a project, display, etc.
Published on January 29, 2023.
Sources:
1. https://en.wikipedia.org/wiki/Re-exportation
2. https://www.iiiem.in/blog/what-is-re-export/
3. https://cag.gov.in/uploads/download
4. https://howtoexportimport.com/Difference-between-exports-and-re-exports
5. https://cites.org/eng/disc/how.php
6. https://cag.gov.in/uploads/download_audit_report/2016/Chapter%203%20of%20Report%20No.%205%20of%202016%20Compliance%20Audit%20Customs%20Union%20Government%20Department%20of%20Revenue.pdf
Sources:
1. https://en.wikipedia.org/wiki/Re-exportation
2. https://www.iiiem.in/blog/what-is-re-export/
3. https://cag.gov.in/uploads/download
4. https://howtoexportimport.com/Difference-between-exports-and-re-exports
5. https://cites.org/eng/disc/how.php
6. https://cag.gov.in/uploads/download_audit_report/2016/Chapter%203%20of%20Report%20No.%205%20of%202016%20Compliance%20Audit%20Customs%20Union%20Government%20Department%20of%20Revenue.pdf
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*Map not to scale. The map has been used for design and representational purpose only, it does not depict the geographical boundaries of the country. These do not conform to the external boundaries of India recognized by the Survey of India.
*Map not to scale. The map has been used for design and representational purpose only, it does not depict the geographical boundaries of the country. These do not conform to the external boundaries of India recognized by the Survey of India.
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