What is Re-export trade : Process of Re-export Goods.

We we all know about Export and Import. But many few know about Re-Export and benefits of it. So, let's we know what is Re-Export and how it different from Export.

Re-Export meaning 

Re-Export is process in which Importer can import products and their country and do some processing or not on products. Then they Export it on different country from their country port.

You can easily understand process from picture. First Importer import products in their country port and then keep products in Bounded Warehouses and do whatever process like packaging and then directly from their port they export it in any other country.

For, Re-export mainly refer to Duty-free ports. At enter port do not have to pay any Import and Export duties. If your goods cross the Custom Border then you should pay duty.

Let's take one example for easy understanding. Indian importers import goods from Thailand and then keep it in Bunded warehouse and do whatever process on it and then sell it to Dubai. This transaction called Re-export or Enterpot trade.

CONCLUSION

This process in you buy products from one country and then sell it to another one and still you don't pay any duty in your country.