What is Export Central tool? Know about Amazon's latest seller tool
Export Central Tool helps Sellers in shipping to 39 countries
Amazon, the tech giant and the best platform to sell online globally, recently launched another seller tool to simplify the export process across the EU. The new tool named "Export Central" is a significant development aimed at empowering sellers within the Merchant Fulfilled Network (MFN) to broaden their international reach. In an official blog, the company said that the tool facilitates exports to 39 countries across Europe, in regions where Amazon does not operate a local store.
Overview of the Export Central Tool
The Export Central tool is a key component of Amazon's European Export Programme, which allows sellers to export from six major European marketplaces: the UK, France, Germany, Italy, Spain, and the Netherlands. This program is designed to eliminate the complexities often associated with international sales, such as the need to create duplicate listings or establish new accounts for different countries.
Also Read: Amazon Launches New Pan-European FBA Portal to Simplify Cross-Border Selling
Quote from Amazon:
"We are always looking at ways to support our selling partners to grow their business and Export Central is a game-changer for Amazon sellers looking to expand their businesses across borders." – Xavier Flamand, VP of Seller Services, Europe, Amazon
Key Features of Export Central:
Ease of Use: Sellers can activate international shipping settings across multiple stores with just three clicks.
Sales Uplift: Sellers who have previously enabled export options have reported an average sales increase of up to 10%, showcasing the tool's potential impact on revenue.
Support for MFN Sellers: Unlike Fulfillment by Amazon (FBA) sellers who are automatically enrolled in the program, MFN sellers need to provide their shipping rates and transit times for international orders. Amazon assists in proposing standard transit times and shipping fees, which can be reviewed and adjusted by the sellers.
VAT Compliance: To export successfully, sellers must be compliant with Value Added Tax (VAT) regulations in the destination country. The Union One-Stop Shop (UOSS) program is available to simplify VAT obligations for sellers operating within the EU.
The Importance of VAT Compliance
Understanding VAT is crucial for sellers engaging in cross-border trade within Europe. VAT is a consumption tax that must be collected and remitted by sellers, and compliance is mandatory for those storing stock in EU member states. The UOSS allows sellers to register for VAT in one EU country and manage their VAT obligations across the EU through a single quarterly return. This simplifies the process, especially for those who may be new to international selling.
Key VAT Considerations:
- Sellers must register for VAT in each EU country where they store stock or exceed the sales threshold.
- The standard VAT rate varies by country, with the UK currently at 20% and other EU countries having different rates.
- Accurate record-keeping is essential for compliance and to facilitate VAT reporting, especially when moving stock between EU member states.
Market Impact and Seller Opportunities
The launch of Export Central aligns with the growing trend of Amazon sellers expanding their businesses internationally. Recent statistics indicate that approximately 46% of U.S. Amazon sellers are already selling in other countries, highlighting the increasing globalization of e-commerce.
Additional Insights:
- Over 60% of Amazon's sales come from independent sellers, emphasizing the platform's role as a vital marketplace for small and medium-sized businesses.
- The average annual sales for U.S.-based sellers exceeded $250,000 in 2023, indicating significant revenue potential for those leveraging Amazon's tools effectively.
- The European Export Programme not only drives traffic to existing listings but also provides sellers with a competitive edge in markets where they previously faced barriers to entry.
In conclusion, Amazon's Export Central is poised to be a transformative tool for sellers looking to expand their businesses across Europe. By simplifying the export process and addressing VAT compliance, Amazon is enabling sellers to focus on their core competencies—creating and selling exceptional products. As the e-commerce landscape continues to evolve, tools like Export Central will be instrumental in helping sellers navigate the complexities of international trade, ultimately fostering growth and success in the global marketplace.
Also Read: All about Amazon's Competitive Pricing and Winning the Buy Box
Follow us on Facebook, X and LinkedIn to get the latest news and updates related to online selling.
By ChannelMAX Staff Writer
Sep-2024#11
Amazon, the tech giant and the best platform to sell online globally, recently launched another seller tool to simplify the export process across the EU. The new tool named "Export Central" is a significant development aimed at empowering sellers within the Merchant Fulfilled Network (MFN) to broaden their international reach. In an official blog, the company said that the tool facilitates exports to 39 countries across Europe, in regions where Amazon does not operate a local store.
Overview of the Export Central Tool
The Export Central tool is a key component of Amazon's European Export Programme, which allows sellers to export from six major European marketplaces: the UK, France, Germany, Italy, Spain, and the Netherlands. This program is designed to eliminate the complexities often associated with international sales, such as the need to create duplicate listings or establish new accounts for different countries.
Also Read: Amazon Launches New Pan-European FBA Portal to Simplify Cross-Border Selling
Quote from Amazon:
"We are always looking at ways to support our selling partners to grow their business and Export Central is a game-changer for Amazon sellers looking to expand their businesses across borders." – Xavier Flamand, VP of Seller Services, Europe, Amazon
Key Features of Export Central:
Ease of Use: Sellers can activate international shipping settings across multiple stores with just three clicks.
Sales Uplift: Sellers who have previously enabled export options have reported an average sales increase of up to 10%, showcasing the tool's potential impact on revenue.
Support for MFN Sellers: Unlike Fulfillment by Amazon (FBA) sellers who are automatically enrolled in the program, MFN sellers need to provide their shipping rates and transit times for international orders. Amazon assists in proposing standard transit times and shipping fees, which can be reviewed and adjusted by the sellers.
VAT Compliance: To export successfully, sellers must be compliant with Value Added Tax (VAT) regulations in the destination country. The Union One-Stop Shop (UOSS) program is available to simplify VAT obligations for sellers operating within the EU.
The Importance of VAT Compliance
Understanding VAT is crucial for sellers engaging in cross-border trade within Europe. VAT is a consumption tax that must be collected and remitted by sellers, and compliance is mandatory for those storing stock in EU member states. The UOSS allows sellers to register for VAT in one EU country and manage their VAT obligations across the EU through a single quarterly return. This simplifies the process, especially for those who may be new to international selling.
Key VAT Considerations:
- Sellers must register for VAT in each EU country where they store stock or exceed the sales threshold.
- The standard VAT rate varies by country, with the UK currently at 20% and other EU countries having different rates.
- Accurate record-keeping is essential for compliance and to facilitate VAT reporting, especially when moving stock between EU member states.
Market Impact and Seller Opportunities
The launch of Export Central aligns with the growing trend of Amazon sellers expanding their businesses internationally. Recent statistics indicate that approximately 46% of U.S. Amazon sellers are already selling in other countries, highlighting the increasing globalization of e-commerce.
Additional Insights:
- Over 60% of Amazon's sales come from independent sellers, emphasizing the platform's role as a vital marketplace for small and medium-sized businesses.
- The average annual sales for U.S.-based sellers exceeded $250,000 in 2023, indicating significant revenue potential for those leveraging Amazon's tools effectively.
- The European Export Programme not only drives traffic to existing listings but also provides sellers with a competitive edge in markets where they previously faced barriers to entry.
In conclusion, Amazon's Export Central is poised to be a transformative tool for sellers looking to expand their businesses across Europe. By simplifying the export process and addressing VAT compliance, Amazon is enabling sellers to focus on their core competencies—creating and selling exceptional products. As the e-commerce landscape continues to evolve, tools like Export Central will be instrumental in helping sellers navigate the complexities of international trade, ultimately fostering growth and success in the global marketplace.
Also Read: All about Amazon's Competitive Pricing and Winning the Buy Box
Follow us on Facebook, X and LinkedIn to get the latest news and updates related to online selling.
Disclaimer:
Amazon is the registered trademark of the e-commerce brand.
About ChannelMAX.NET:
ChannelMAX offers Amazon Repricer that runs on the latest AI Repricing algorithm to do Amazon Pricing Management or Amazon Repricing. Based on Amazon SP API, the repricing engine or repricer runs 24/7 and efficiently manages Amazon prices to maximize your BuyBox with profit optimization. Established in 2005, ChannelMAX has been integrated with Amazon technology since 2007, helping thousands of third-party sellers on various eCommerce platforms. Some of the eCommerce platforms, aka marketplaces, supported by ChannelMAX.NET, are Amazon, Walmart, eBay, and Shopify. Some of ChannelMAX key offerings include ChannelMAX Amazon Repricer, 2ndly, ChannelMAX Amazon FBA Audits and FBA Refunds management, an offering for managing Amazon FBA Refunds Reimbursement management for lost or damaged or misplaced inventory for which Amazon is responsible and for which sellers deserve appropriate credit reimbursement from Amazon. ChannelMAX Services offer Remote (aka Virtual) Full-Time eCommerce Assistant to help 3P sellers run their daytoday business.
Check ChannelMAX at Amazon Selling Partner Appstore, an application with a 5 star rating.
Amazon is the registered trademark of the e-commerce brand.
About ChannelMAX.NET:
ChannelMAX offers Amazon Repricer that runs on the latest AI Repricing algorithm to do Amazon Pricing Management or Amazon Repricing. Based on Amazon SP API, the repricing engine or repricer runs 24/7 and efficiently manages Amazon prices to maximize your BuyBox with profit optimization. Established in 2005, ChannelMAX has been integrated with Amazon technology since 2007, helping thousands of third-party sellers on various eCommerce platforms. Some of the eCommerce platforms, aka marketplaces, supported by ChannelMAX.NET, are Amazon, Walmart, eBay, and Shopify. Some of ChannelMAX key offerings include ChannelMAX Amazon Repricer, 2ndly, ChannelMAX Amazon FBA Audits and FBA Refunds management, an offering for managing Amazon FBA Refunds Reimbursement management for lost or damaged or misplaced inventory for which Amazon is responsible and for which sellers deserve appropriate credit reimbursement from Amazon. ChannelMAX Services offer Remote (aka Virtual) Full-Time eCommerce Assistant to help 3P sellers run their daytoday business.
Check ChannelMAX at Amazon Selling Partner Appstore, an application with a 5 star rating.