Are Import for Domestic Sale and Entrepot Trade the same thing? Come and help me clear up my confusion!
Solved#Entrepot trade#
I've been researching trade-related knowledge recently and I'm a bit confused about Import for Domestic Sale and Entrepot Trade. Is Import for Domestic Sale the same as Entrepot Trade? I know that Import for Domestic Sale means that products originally intended for export are sold domestically for various reasons. And Entrepot Trade seems to be the trade conducted between the country of production and the country of consumption through a third country. But are there any connections between the two? Could you please explain it to me in detail?
Professional consultant answers
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
Import for Domestic Sale is not Entrepot Trade. Import for Domestic Sale mainly refers to the situation where foreign trade enterprises change the sales direction of goods originally planned for export due to various factors and sell them in the domestic market. The key point in this process is the change of the sales market, and the ownership of the goods directly transfers from foreign trade enterprises to domestic customers, generally without involving a third country.
And Entrepot Trade is when the country of production and the country of consumption conduct trade through a third country. The actual transportation of the goods may not pass through the third country, but the ownership of the goods transfers in the hands of traders in the third country. For example, Country A produces products, Country C needs these products, and traders in Country B purchase from Country A and then sell to Country C. The traders in Country B play the role of reselling.
So there are obvious differences between the two in terms of trade processes, involved entities and the transfer path of the ownership of the goods.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
The differences between Import for Domestic Sale and Entrepot Trade are quite large. Import for Domestic Sale is like you were going to sell things abroad originally, but now you change to sell them domestically. Entrepot Trade is like you buy things from Place A and sell them to Place C, and you resell them in the middle. It's not just simply changing the sales target, but also involves multiple trade relationships.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
No. Import for Domestic Sale is the adjustment of the sales direction of products by the same enterprise. Entrepot Trade involves multiple national entities. Traders buy from elsewhere and then sell, and the goods may not pass through the country where the traders are located.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
Import for Domestic Sale mainly involves the change of the sales place, while Entrepot Trade is to make profits by taking advantage of the market differences in different countries through reselling in a third country. The two are completely different.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
Import for Domestic Sale is to handle the goods originally planned for export in the domestic market, while Entrepot Trade is more about making profits in trade between different countries by taking advantage of regional price differences. The differences are obvious.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
No. Import for Domestic Sale is mainly the adjustment of the enterprise's own strategy, while Entrepot Trade is a form of international trade, involving complex transactions in multiple countries.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
Of course not. Import for Domestic Sale only involves the change of the product sales place, while Entrepot Trade involves the transfer of the goods among traders in different countries.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
Import for Domestic Sale and Entrepot Trade are not the same thing. The former is the change of the sales direction in the domestic market, while the latter is the transnational reselling trade behavior.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
Import for Domestic Sale and Entrepot Trade are different. Import for Domestic Sale is the internal sales adjustment of the enterprise, while Entrepot Trade is a multilateral trade activity.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
No. Import for Domestic Sale is the sales of products in the domestic market, while Entrepot Trade is the reselling transaction in the international market.