Exporting can provide an excellent opportunity to expand your customer base and increase your turnover.
Although your business may have an established UK market, there's often no reason why it couldn't successfully compete overseas too, growing your revenue and profit. There are real opportunities to trade internationally; UK products, services and expertise continue to be in demand across the world. There are opportunities, both in traditional established markets such as Europe and the US, and the high-growth economies of countries such as China, India, Brazil and Russia.
UK exporting businesses see a 34% increase in productivity in their first year of exporting. These businesses are 11% more likely to survive and they benefit from operating in a more competitive environment; attracting and providing more opportunities for higher skilled workers.
But before you start, you need to have sound knowledge of your would-be markets. You also need to consider whether your products are right for each target market and whether you have the necessary resources to start exporting.
A wide range of support services exists to help UK exporters and would-be exporters to tackle virtually all of the issues and challenges. Please search our advice and grant scheme finder for details of support to export.