How to successfully identify your next export market

Date: 06/06/2018
Author:
Company:

Growing globally can be massively rewarding but equally frustrating if you do not do your research before entering a new market. If your company chooses the right markets to internationalise either via exporting, importing or investing, the chances are, you could exceed your company’s profit expectations.  However, should you choose incorrectly this could lead not only to massive frustration but even generate losses to your company. 

We understand that many SMEs may have limited capacity in carrying out research internally but also may face financial constraints to invest in in-depth research, and ultimately you want to concentrate on your core business and increasing sales effectively.  

To help companies succeed internationally, we are delighted to announce the launch of our new Market Identification Service. Our International Trade Team has designed a cost-effective service which provides a high-level preliminary screening to identify potential top export and/or import markets.  

This will help new to export/import companies or inexperienced exporters/importers save valuable time by letting our team do all the background desktop research for you. The report will provide an overview on: 

  • What is the global demand and/or supply for your specific HS code and thus identifying the top import/export markets and those registering fast growth for your product 
  • Macro-economic analysis on selected markets 
  • Market Attractiveness analysis based on the results from the global demand and/or supply and macro-economic factors for the identified markets. 

The report will be provided within 5 to 10 working days depending on the complexity of your sector and product and will cost £500+VAT for members and £750+VAT for non-members per product. 

To find out more about this service or if you have any questions, please contact the team at exportbritain@gmchamber.co.uk