Small-to-medium sized business are in a good position to sell to international markets.
Are you looking to make your first export sale or expand into a new foreign market? Each year, thousands of Missouri companies boost their bottom line and competitiveness by meeting world demand for innovative, quality, made in USA products and services.
Here are just a few reasons to pursue export sales:
Demand. More than 95 percent of the world’s consumers are outside of the United States. Your competitors are increasing their global market share, and you can too. The United States is known worldwide for high quality, innovative goods and services, customer service, and sound business practices.
Access. Exporting doesn’t have to be burdensome. The Internet, improved logistics channels, free trade agreements, eCommerce, and the array of available export assistance through the U.S. government and its partners has made exporting more achievable; that’s true for even the smallest businesses.
Profitability. Exporting can be profitable for businesses of all sizes. Whether they deal in services or manufacturing, exporting businesses show higher total revenues, faster total revenue growth and higher labor productivity than their peers that focus exclusively on domestic markets.
Risk Mitigation. Most companies that export have an easier time riding out fluctuations in the U.S. economy, and are more likely to stay in business.
The Number of Small-to-Medium Business Exporters is growing. Small and medium-sized companies account for almost 97 percent of U.S. exporters, and account for the vast majority of growth in new exporters.
Export Resources. The Missouri International Trade & Investment Office assists exporters through a network of trade offices in key markets worldwide. Missouri’s STEP and GMAP programs can help fund companies’ international marketing efforts. Our office can connect Missouri companies with our partners at the Federal and local levels.