If you want to grow your business, expansion in the overseas market is very important. Geographical expansion extends the clientele and enables greater penetration into the markets. Hence, more and more businesses are looking at exploring avenues for exporting their products and services. One can consider various options in terms of exporting goods. Several trading options are enlisted below:

Trade Opportunities in European Union: Trading with the countries in the European Union (EU) has become extremely convenient, following the freeing up of trading opportunities between countries in the Union. All the 25 countries in the EU have huge market potential in terms of customers and suppliers. Moreover, the EU market is easy to access compared with other markets overseas, as most trading practices, rules, and norms are similar across various countries. Further, VAT accounting on exports and imports are simplified in EU, to encourage trade. If meet qualify trading in the U.K., you are most likely to be able to trade in EU.

Trade Opportunities in the U.S.: The U.S. market has huge potential for quality goods. Therefore, if you are offering sophisticated products or services, the U.S. is your market. It is the world’s largest economy and biggest trading partner of the U.K. Moreover, culture and languages spoken in the U.S. and the U.K. are similar, which provides the exporters an added advantage.

Since the U.S. market is very competitive, you need to demonstrate your ability to offer superior products or services, to establish a competitive edge over the peers. Since exporting is expensive, selling premium products is wise because it offers high margins that compensates for high export costs. To succeed in the U.S. market, stick to clear marketing messages and direct selling strategies.

Trade Opportunities in China: China is among the largest markets in the world and therefore offers enormous export advantages. Its population of 1.25 billion provides a ready consumer base for various products. Moreover, its economy is rapidly growing, encouraging exports. Hi-tech manufacturing and communication technologies are in a great demand in the Chinese markets.

To trade smoothly in China, you however need to have local presence to some extent. You can trade in the Chinese markets through a local agent or distributor after establishing your company’s representative office locally. To establish such an office you will have to seek relevant permissions from the Chinese government.

Trade Opportunities in India: India being a developing market and economy provides tremendous export opportunities. Recently, trade between Europe and India has increased significantly and India has become the UK’s second largest partner in trading. To succeed in the Indian markets, you need to demonstrate your value offerings because there are many product categories available within a range.