Calculate the total cost of importing goods to the United States!
Disclaimer: This tool is designed with the information and data which officially uploaded on internet. The purpose of our Landed Cost Calculator is to help importers, businesses, and online sellers to get the estimate total cost of bringing a product into their country.
What is Landed Cost?
Landed Cost is the price which you will pay if you want a product to be delivered to your house. It includes costs like the product amount, shipping cost , insurance costs, the border tax , customs charges and other important fees.
To calculate it easily this tool will help you no matter you’re importing for resale or personal use, it shows your final product cost after including all taxes. In every country there are taxes especially in the US, UK and other states.
How to use this calculator?
Using our tool is so easy you just need to know some of the important details and rates of your products, and follow these below steps:
- Enter Product Cost (FOB) which is the cost of the item from the supplier.
- Add International Shipping cost from the seller’s to your country.
- Enter Insurance Cost if applied otherwise leave it.
- Add the Customs Duty Rate (%) which you get from customs department.
- Choose Product Type (like general merchandise, electronics, etc.).
- Enter Brokerage Fee if you’re using a customs broker.
- Add Any Other Fees if includes otherwise don’t add any other charges.
Once you enter all the details in the calculator will estimate the Total Landed Cost and show you the Cost Analysis with Duty as percentage of Product Cost.
How to Calculate Landed Cost manually?
If you to do calculations of landed cost manually then you can start it with the product original price. Add the cost of shipping, insurance cost and all other charges and just to simple additions. There is no such long mathematic process to complete the calculations manually. To do it simply you can use this calculator which gives you instant results.
Formula is:
Landed Cost = Product Cost + Shipping Cost + Insurance + Customs Duty + Brokerage Fee + Other Fees
Sometimes, user do some mistakes in calculations when they try to do manual calculations. We are humans and do mistakes while calculating a lot values in one time. That’s why using and online tool is the best and save option for it.
Landed Cost vs Delivered Duty Paid (DDP)
In these two different terms the Landed cost means that all the costs of the product is handling by the buyer to his location it includes all duties and taxes. On the other hand Delivered Duty Paid (DDP) means that the seller of the product will handle all the prices included taxes.
In this you will pay some extra amount for DDP and if you want to do all the process by yourself then you need to use this tool. If you have small business or you are an individual then you can go use this tool because by DDP it may too expensive for you.
About Landed Cost Calculator
We build this tool to give you accurate results for your import costs in just one click. This calculator is fully free anyone can use it without login or sign up also with the mobile friendly design you can use it anytime. Our tool is mostly used by E-commerce sellers, small businesses and individuals who buy online different products.
Online sellers who can buy different products from international suppliers for there Shopify, eBay, Amazon or Etsy store will need this calculator. No matter your product is delivering from China, Turkey and any other country you can take help of our tool.
Everyone want to save there time these days, and have a fast tool which calculate larger values in a seconds will save more time and help the business to grow more faster.
Understanding the Role of VAT in International Trade
VAT which is known as Value Added Tax a very important duty which people need to pay when they are importing goods in their country. VAT is not only applied on products it is also the part of shipping, insurance and custom duty and estimate VAT easily just use a VAT Calculator which help you in your complex calculations.
The VAT rates are different in every country it is important to check out all the rates and rules before importing or exporting any product. Don’t trust anyone in this process except your legal advisor who have knowledge related to custom duties and taxes.
Conclusion
Overall, many people do some of the mistakes and you need to avoid them like overlooking additional charges which include storage, or brokerage fees. These costs are not listed from supplier but add during the shipping and customs process.
If you fail from this budget, it may lead you to cash flow issues or forced price increases after goods have already arrived. Also don’t provide any of the shipping documents and invoices incorrectly or incomplete it make problems for you. Customs department need the full description and HS codes so be honest.