What is Customs Value?
Customs value is the total worth of goods being imported into a country. It includes the cost of the goods, insurance, and freight cost up to the port of entry. This is often referred to as the CIF (Cost, Insurance, and Freight) value.
For example when you shipping from China to USA, if you’re importing 300 items at $20 each, with no insurance and $1,000 freight cost, the customs value would be:
(300 x $20) + $0 + $1,000 = $7,000.
Further Reading
Shipping Cost From China to Singapore (Updated April 2024)
The Complete Guide of Standard Pallet
How to Choose Air Freight Forwarder
Shipping Container Specifications
How to calculate Chargeable Weight, Actual Weight and Volumetric Weight
How much is the Cost of Shipping Containers in 2024
AMAZON FBA BOX SIZE LIMIT – How to choose the right size For your Products