What is EXW (Ex Works)?
EXW, or Ex Works, means the seller makes the goods available at their own premises and the buyer arranges and pays for everything from there: pickup, export clearance, freight, insurance and import.
EXW gives the lowest product price on paper because it includes no transport. It suits buyers who have their own freight forwarder in China.
The buyer carries the risk from the factory door. Export clearance is also the buyer's job under EXW, which is why many buyers prefer FOB instead.