How to save costs when importing fabrics from Turkey?

How to save costs when importing fabrics from Turkey?

How to save costs when importing fabrics from Turkey?

Are you considering importing fabrics from Turkey? Turkey is one of the biggest producers and exporters of textiles in the world. For this reason, it is one of the obvious choices for many international traders and importers of textiles. But, you do not need to fit into these two categories to consider importing fabrics from Turkey. Why would you want to do that?

If done wisely, importing has many advantages. It can help you become more competitive, it can lower the prices of your products, increase your profit margins, and gives you access to new markets with products not available locally.

However, if you want to use imports to maximize your profits you will need to cut all unnecessary costs associated with importing. How to do that? Here is a simple guide that will help you to avoid additional costs and unexpected expenses you may encounter if you are new to the game of importing fabrics from Turkey.

Take advantage of Turkey’s preferential trade agreements

Importing from a country that has a Free Trade Agreement with your country can make your life easier in many ways. You will save costs on import duties plus the whole import procedure will be probably much easier with a lower risk of penalties and fines.

Turkey has concluded more than 20 free trade agreements and many more are under negotiations. Moreover, there is a trade agreement between the EU and Turkey that allows the selected goods to move freely between these two entities. Are you from one of the countries Turkey has a preferential trade agreement with? If yes, benefit from the relevant duty savings!

Cut the middle man and work directly with local manufacturers

If you plan to start importing fabrics from Turkey, you have basically three options: you can use services of local trade agents who will work as an intermediary between you and Turkish sellers, you can use some of the online B2B platforms such as Alibaba, Turkish Exporter, Textile InfoMedia, etc., or you can contact the potential sellers directly. However, if you want to save some costs and avoid paying commissions and other intermediary fees try to cut the middle man and work directly with local manufacturers.

In this case, be sure that you choose a producer who has already some experience with export. Experienced exporters will be familiar with export rules and regulations, methods of shipping, as well as required documentation. That is exactly what you need to avoid any problems that may arise when the goods arrive in your country.

Get familiar with the Turkish market and Turkish business culture

To find a reliable supplier on your own in a market that you do not know well may seem like a daunting task. But nothing could be further from the truth. You will find many producers online with a simple Google search and thanks to the country’s convenient location you can hop on a plane and visit them in a few hours. Just be sure that you get familiar with the local business culture and local national holidays before you come. It will help you to build a strong business relationship with your Turkish partners. In addition, you want to know, when your suppliers will be closed for holidays to avoid any supply chain hiccups in the future. It may seem to be unimportant now, but it can save you some serious costs later. Remember, changing a supplier may get expensive.

Buy in bulk to keep your transportation cost down

Buying in bulk is another great way how to cut your import costs. Shipping costs per unit goes usually down when you order larger quantities. Plus many manufacturers offer a price discount if you buy in bulk. Fioretta Home, for example, offers a 15% discount if you order 100 or more meters per color. Don’t you want to commit to big orders without seeing the fabrics? Ask for free samples before ordering. You do not want to be unpleasantly surprised upon the arrival of your goods.

Establish alternative payment terms

Do you know that you do not need to pay for goods in full upon delivery? Some suppliers may be open to giving you 30, 60, 90, or even up to 180 days to pay the value of goods. Obviously, this is more convenient for you rather than for the suppliers. That is exactly why you should try to build a strong business relationship with your partners. The relationship based on mutual trust is a good starting point for negotiations regarding deferred payments.

Choose your shipping services wisely

Choosing the right shipping service may be one of the most important decisions you will have to make when importing fabrics from Turkey. If you want to keep the costs down, choosing the cheapest shipper may seem like a good idea. But, believe us, it may not pay off in the long run. Together with the price try to consider also shipping timescale, how the shipments are being tracked, what happens in the case of delays, what is the policy if the goods are damaged in transit etc.

Time is money! That is why you definitely do not want a cheap service that will take forever to deliver your goods. Instead, choose a service that will set and meet its own deadlines, even if it is slightly more expensive. You can even ask your exporter if they can recommend you a good shipper from Turkey to your home country that offers a good quality-price ratio.

Know your Incoterms

Incoterms are widely-used terms of sale commonly included in export and import documents. They may seem a little confusing at first but you should definitely understand which terms you are agreeing to if you want to avoid unexpected costs. As an importer, always check all the costs, responsibilities, rights, and obligations that accompany the use of the Incoterm in your agreement. It will help you to get a better picture of all the costs associated with the shipment.

Research the customs and import costs thoroughly

In order to mitigate the costs involved in import, you should consider not only the price of goods and shipping services but also other expenses you may need to pay, such as customs fees and taxes (if any). In some cases, you may be also charged warehousing and inspection fees. Especially if your goods are not properly inspected, certified, and verified upon their departure from Turkey. To avoid similar problems you and your exporter should always use an internationally recognized commodity code system such as the WCO (World Customs Organization) Harmonized System of tariff numbers for your shipments. It will help to calculate your import duties, expedite customs clearance and reduce the possibility of additional fees and fines for improperly identified goods.

You are now aware of some of the actions you can do to save costs when importing fabrics from Turkey. Check out our online shop if you are planning to import curtain fabrics! Fioretta Home has been exporting curtain fabrics to Italy, Portugal, Spain, Greece, Israel, Canada, the United States, and many other countries around the world. Plus our export team will happily advise you on the most cost-efficient way of importing fabrics to your country.

 

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