Imported products are a necessary component in the supply chain for many business
es. According to a 2021 report by the Organisation for Economic Co-operation and Development, annual merchandise imports have expanded to 26.1%
. This figure might also have a growth rate of 11.3% in the coming years.
Especially in Middle Eastern countries where raw materials, such as oil and gas, are at high volume, neighboring countries have abundant possibilities to import these products. According to the World Bank’s data in 2019, the top five exporting countries
were Saudi Arabia, Iraq, the United Arab Emirates, Kuwait, and Qatar.
However, sourcing imported products can be a complicated and time-consuming process. There are many things to consider, such as finding the right supplier, negotiating prices, and ensuring that the products meet your quality standards.
Despite all these challenges, sourcing imported products are still worthwhile for businesses. It allows them to access a broader range of raw materials and finished goods, which can help them improve their product offerings. It also helps them keep their production costs down, as they can take advantage of lower labor and production costs in other countries.
Ways to import products from the Middle East
If you’re thinking of sourcing imported products for your business, here are some of the best ways to do it:
One of the most traditional methods of sourcing imported products is by land travel. It involves using large vehicles, such as trucks and trains, to transport goods from one country to another. This method is still commonly used today, especially for bulk shipments requiring much storage space. However, land travel can be slow and expensive, as the goods can take days or weeks to reach their destination.
Nonetheless, many businesses still opt for this method because it offers them more control over their shipments. Land vehicles have GPS tracking systems that allow companies to monitor their location and schedule deliveries more accurately. They also have insurance coverage in case of any accidents or damage during transit.
Today, companies with delicate goods often use land travel to offer more protection against potential breakage. UAE’s Emirates Post, for instance, uses this method to deliver its products to other countries in the Middle East. It’s also a good option for companies transporting large quantities simultaneously. Despite the longer transit time, it can be a more cost-effective option for businesses shipping on a budget.
Another popular method of sourcing imported products is by air travel. It’s faster than land travel, as goods can reach their destination within days or even hours. This feature makes it a good option for companies that need to receive their shipments quickly.
However, air travel can be more costly than other methods. That is because businesses have to pay for the fuel and aircraft maintenance and the fees charged by airports and customs. In addition, there’s also the risk of damage or loss during transit, which can further increase costs.
But with the right supplier and proper packaging, businesses can minimize these risks and enjoy the benefits of air travel. These include timely delivery of goods, which can help companies keep their operations running smoothly.
Air travel is also a good option for companies that need to transport perishable goods, as it minimizes the time the products spend in transit. Countries like Qatar and Bahrain often use this method to transport fresh fruits and vegetables to other neighboring countries. This way, businesses can ensure that their products are still fresh and of good quality when they reach their destination.
From the beginning of trade and commerce, sea travel has helped transport goods from one place to another. It’s still a popular method of sourcing imported products today, as it’s more affordable than air travel and can carry more goods than land vehicles.
Although previous centuries took time to transport goods across the world’s oceans, today’s technology has made sea travel much faster and more efficient. Businesses can now use cargo ships to transport their goods quickly and safely. These ships are well-equipped with the latest navigational and safety features, which helps minimize the risks of accidents or damage during transit.
This type of shipment is popular for small businesses transacting in countries with active seaports. Sea cargo from Kuwait to the Philippines
is a common route, as there’s a significant demand for Kuwaiti products in the country. This method is also popular among businesses that need to transport large and heavy items, as cargo ships can carry more weight than other types of vehicles.
No matter what your business needs, there is a shipping method that will work for you. Each of the practices described above has its benefits and drawbacks, so it’s essential to consider which would be the best fit for your company. So, what are you waiting for? Start sourcing your imported products today!