Estimate Your International Shipping Cost For The Best Way To Ship
When e-commerce businesses first start sourcing from overseas they often start small and test the waters. It makes sense to start out with small shipments by express freight (international courier), then graduate to larger shipments by air freight. But there comes a point if you are regularly shipping goods that it’s cheaper to ship by ocean freight.
Many businesses don’t realize that they have passed this point. By exclusively using or over-relying on shipping by air, they end up spending too much on their shipping costs.
Assuming other factors, such as transit time, don’t come into play when choosing between air freight and ocean freight, how do you know which one works out cheaper for your shipment?
The most accurate way of finding that out is to request separate quotes from a forwarder. But, that can be a hassle, especially if you don’t have all the details you need when requesting a quote. Then you’ll typically have to wait several days for the forwarders to prepare a freight quote. It takes that long because there are many cost variables affecting costs, such as the date the ship or plane departs port, shipment measurement and weight, and the exact points of pickup and delivery.
But at this point, you don’t want to know costs down to the cent, you are really looking for an estimate. But, that estimate has to take into account the many variables if it is going to be accurate.
Our International Shipping Cost & Prices Calculator
The Freightos.com international shipping cost estimator is unique in that it uses the live shipping data used by dozens of freight forwarders. The shipping cost calculator takes current international transit costs into account, but also all the relevant surcharges and fees, including the trucking costs for pickup and delivery.
The shipping cost estimator is an easy-to-use tool and takes less than a minute. After selecting between shipping full containers or boxes/pallets, simply enter your shipment’s dimensions and weight, and the origin and destination.
International Shipping Costs Estimates Help To Get Landed Cost
If you’re familiar with incoterms, there’s another reason why you might want to calculate accurate estimates of shipping costs.
When negotiating a deal with a supplier, you need to factor freight costs in with the buy price. If you are pushing for a lower buy price, and the supplier accepts it on condition that the incoterm switches from FOB to EXW, how do you know if you’re still better off? There’s no point pushing for a lower buy price, if you end up spending as much, or more, on freight costs.
You want to be decisive when hammering a deal. But how can you tell which is the better deal, a lower price on EXW (Ex-Works) incoterm (where you are paying all of the freight costs) or a higher price on FOB (Free On Board)? This is where the international shipping cost estimator comes in handy.
Simply add in the shipment details to the international shipping cost calculator as a door-to-door shipment to find out the freight cost for EXW, and a port-to-door freight rate for FOB Shipping. Add these freight costs to the respective buy prices. You’ve just worked out the landed cost and which deal is best for you. Easy!
China Shipping Cost Calculator
By 2020, imports from China accounted for around 15% of total global trade. Shipping from China by ocean typically takes at least 30-40 days door to door, so taking this long lead time into account is vital when booking shipments and estimating the total landed cost. When shipping from China, it’s also important to consider the cost of customs and duties, port congestion, delays, and other conditions that can affect the timing and landed cost of shipping.
Air freight from China is faster than the ocean but may be more costly. Freight rates can vary widely between freight forwarders and prices change regularly, so shopping around for the best offer can help reduce shipping costs significantly.
Using our free international shipping cost calculator to estimate freight rates from China can help you figure out landed costs and determine whether a specific item is likely to be profitable.
