New Make UK/HSBC UK guide to help companies take first steps into new markets
- Manufactured goods account for over half of UK total exports - £687bn in latest full year figures (2019)
- Many opportunities remain untapped with SMEs in particular nervous of entering into overseas markets
- Global exporting delivers economic boost hard to attain on domestic market alone
- E-commerce has made move into new markets quicker and easier for even the smallest company to connect to new customers around world
Manufactured goods accounted for over half of UK total exports at the end of 2019 bringing in £687bn for UK plc, but many smaller companies are still missing out on the global expansion opportunities available to them, unsure of how to make those first tentative steps into new markets.
Any size of business making a product can export their goods and the expansion of e-commerce and the recent switch to virtual meetings as the ‘new normal’ brought about by the Covid pandemic, has made it easier than ever to connect with new customers anywhere around the world. However, there is no one-size-fits-all approach, and getting the initial research right and accessing the best on-the-ground advice is key to export success.
Exporting can be hugely rewarding, but the world of international trade can be a daunting place with confusing jargon and complex rules. Make UK’s Exporting guide aims to provide an introduction these rules and to demystify the jargon while at the same time delivering a step-by-step guide to exporting.