What industry does entrepot trade belong to? Come and discuss it together!
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I've been researching trade - related content recently and am a bit confused about the industry attribution of entrepot trade. Entrepot trade means that the production and consumption locations of goods are not in the same country. The goods are first transported to a third country and then transshipped to the consuming country. But I'm not sure which industry it exactly belongs to. Is it the logistics industry, the trade industry, or something else? Are there any experts who can explain it in detail?
Professional consultant answers
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
Entrepot trade essentially belongs to the international trade industry. International trade refers to the exchange of goods and services between different countries (or regions), and entrepot trade fully conforms to this characteristic. It involves the transfer of goods between different countries. Traders make profits by reselling goods in a third country, taking advantage of differences in trade policies and market prices among countries.
Different from the logistics industry, logistics mainly focuses on physical transfer services such as the transportation and warehousing of goods, while the core of entrepot trade is the trade transaction behavior, and logistics is just one of the links. At the same time, entrepot trade is also different from general domestic trade. It crosses national boundaries and involves complex factors such as trade regulations and tariff policies of different countries. To engage in entrepot trade, one needs to be familiar with international trade rules, trade policies of various countries, and possess good business negotiation skills, etc.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
From a general category, entrepot trade can be considered as belonging to the trade industry. However, it is different from ordinary trade. Ordinary trade may be direct import and export, while entrepot trade has an additional transit through a third place. It needs to consider more factors, such as the policies of the third place and transit costs. But overall, it revolves around the buying and selling of goods, so it is indeed within the scope of the trade industry.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
Entrepot trade can be understood as a special branch of trade. Both it and general trade involve the transaction of goods, but entrepot trade has an additional reselling link. And it may intersect with industries such as logistics and finance, but its root is still trade activities, making profits by buying and selling goods across national boundaries.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
Entrepot trade definitely belongs to the trade industry. Its operation mode is to make profits by buying and selling goods using regional price differences, etc. Although there is a transit, the essence is the same as the circulation and transaction of goods in the trade industry to make profits.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
Judging from the nature of business activities, entrepot trade belongs to the trade industry. It is based on trade, realizes commercial value by rationally allocating the supply of goods in different national markets, and has the same commercial essence as conventional trade.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
Entrepot trade belongs to the trade industry. Like conventional trade, its purpose is to facilitate the circulation of goods between different markets and achieve profits, but the path is more complex, involving transit through a third country.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
Entrepot trade should be classified as belonging to the trade industry. It earns price differences by transferring goods between different national markets. Although the process is special with the intervention of a third country, the core is still the trade transaction behavior.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
Entrepot trade belongs to the trade industry. Based on the international trade environment, relying on an understanding of various national markets, it resells goods through a third country, which is a special form of trade activities.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
Entrepot trade is definitely in the trade industry. Although it has the characteristic of transit, it is like buying goods in one place and selling them in another place in domestic trade, except that here it crosses national boundaries and the transaction is completed through a third country.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
Entrepot trade belongs to the trade industry in the industry classification. It takes cross - border goods transactions as the core and completes the buying and selling process with the help of a third country, which conforms to the basic characteristics of the trade industry.