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Import/Export Market Analysis

The global economy has opened up vastly diverse markets to even local competitors in all markets over the past several decades. While the global economy has elevated competitive dimensions for almost all businesses in all industries, it has also increased the market expansion opportunity for these same enterprises. Import/Export Market Analysis involves identifying potential new markets in foreign countries and gauging the profitability of them with respect to entering those markets. Factors such as export funding assistance from the exporter’s national government, import tariffs or barriers in the targeted market, existing local competitors, and simple market demand must all be examined with respect to exporting into foreign markets. Conversely, when importing new products or services into a market many of these same factors must be examined but with a few different topical dimensions. When importing products and services research must be undertaken to identify sourcing partners who either already produce the products or services or who can manufacture or produce the products or services. Dimensions such as product/service quality must be examined as well as product shipment windows all along the supply chain.

Furthermore, when examining the import/export market, financial factors vis-à-vis payment must be examined in detail with terms of payment, letters of credit (LOC), cost of shipping factors such as free-on-board status and similar issues must be identified upfront. Failure to adequately assess all of these factors within proper a Import/Export Market Analysis project can lead to a loss of financial investment and even catastrophic business failure.

TechnovateResearch.com has undertaken countless Import/Export Market Analysis for many industry competitors and is available to assist enterprises in exploring this important and profitable growth opportunity. Call us today for more information. One of our customer service representatives will be more than happy to assist you.

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