{"id":1784,"date":"2019-06-18T09:30:48","date_gmt":"2019-06-18T06:30:48","guid":{"rendered":"http:\/\/gatewaypartners.eu\/pl\/?p=1784"},"modified":"2019-06-18T10:38:53","modified_gmt":"2019-06-18T07:38:53","slug":"choosing-your-export-market-which-countries-offer-more-opportunities","status":"publish","type":"post","link":"https:\/\/gatewaypartners.eu\/pl\/blog\/choosing-your-export-market-which-countries-offer-more-opportunities\/","title":{"rendered":"Choosing your export market: which countries offer more opportunities?"},"content":{"rendered":"\n

One of the most important steps when taking your business to the global stage is choosing the right export market.
<\/p>\n\n\n\n

There are nearly 200 countries in the world, each possessing a different set of risks and opportunities. The question is – which country offers more of the latter?
<\/p>\n\n\n\n

Should you opt for developed markets<\/strong> like the United States, Canada, Japan, the United Kingdom (up until Brexit, that is), any of the Eurozone countries – markets that offer stable conditions, as well as low political and security risks?
<\/p>\n\n\n\n

Or should you aim for emerging or developing markets, such as Asia, Latin America, the Middle East, or North Africa with a rapidly growing middle class, but significant geopolitical and socioeconomic risks?
<\/p>\n\n\n\n

There’s a common misconception that to succeed in export, businesses have to aim for English-speaking markets with a high population. Such markets, however, are very likely to have strong domestic production and intense competition from other countries, too.
<\/p>\n\n\n\n

One of such examples is Germany<\/strong>. This European manufacturing powerhouse is a world leader in technology, engineering, and innovation, boasting the 4th largest economy in the world with the nominal GDP predicted to reach $4.2 trillion<\/a> in 2019.
<\/p>\n\n\n\n

As tempting as it might be to attempt to penetrate the German market, it would also be extremely difficult. First of all, their own manufacturing is immense. But what’s more – it’s an attractive market not only for all of the other European countries but an appealing target for the rest of the world as well. This means – fierce international competition.
<\/p>\n\n\n\n

Instead of wasting your time and finances in the larger countries, look for alternatives in smaller markets. Our rule of thumb is – the smaller the country, the more interested it is in importing <\/strong>your goods and the greater opportunities for export for your business.
<\/p>\n\n\n\n

One of such smaller, yet import-savvy countries is Iceland<\/strong>. It might be a small state of a little over 330 thousand inhabitants. However, it’s also an educated and technologically advanced society with high appreciation for quality products and services.
<\/p>\n\n\n\n

Even though Iceland is not a part of the EU, there are no major challenges to doing business, as the country is a part of the European Economic Area (EEA) with a generally free movement of goods and widely uses English as the business language.
<\/p>\n\n\n\n

And here’s the thing – in relatively smaller markets, like Iceland, the domestic manufacturing is not as developed as in the larger markets. This means there will be high purchasing power<\/strong> and plenty of opportunities for all competitors alike.
<\/p>\n\n\n\n

The bottom line is – don’t underestimate the small markets<\/strong>, as they might provide you with more export opportunities. At the same time, keep in mind that entering a new market is a challenging process regardless of the market size. <\/p>\n\n\n\n

If your company is aiming for international growth and needs market intelligence advice, don’t hesitate to reach out to us<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

One of the most important steps when taking your business to the global stage is choosing the right export market. There are nearly 200 countries in the world, each possessing a different set of risks and opportunities. The question is – which country offers more of the latter? Should you opt for developed markets like … Continued<\/a><\/p>\n","protected":false},"author":3,"featured_media":1785,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\nChoosing your export market<\/title>\n<meta name=\"description\" content=\"One of the most important steps when taking your business to the global stage is choosing the right export market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gatewaypartners.eu\/pl\/blog\/choosing-your-export-market-which-countries-offer-more-opportunities\/\" \/>\n<meta property=\"og:locale\" content=\"pl_PL\" \/>\n<meta property=\"og:type\" 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