Expand your business by exporting
Exporting can be a profitable way of expanding your business, spreading your risks and reducing your dependence on the local market.
Australian government research has shown that growth rates of output, productivity, wages and investment are consistently higher for continuous exporters.
(Tuhin, R., & Swanepoel, J.A., 'Export behaviour and business performance: Evidence from Australian microdata', Department of Industry, Innovation and Science, Research Paper 7/2016, accessed January 30, 2019. Exporting exposes you to new ideas, management practices, marketing techniques, and ways of competing that you wouldn’t have experienced by staying at home. All this considerably improves your ability to compete in the domestic market as well. By going overseas, you can become more efficient and increase your productivity. Exporting companies have better growth prospects, highly skilled, highly productive staff and tend to adapt technology and best practice techniques faster.
Even if you have a limited domestic market, you should think about exporting - around a quarter of new exporters are born globals. Global brands can be built from small local companies – especially in rural and regional Australia.
This section will guide you step-by-step through exporting.
General info and advice
It’s important to consider if your business is ready and to be sure that you understand exactly what exporting entails before you start.
Exporting consumes time and money, and requires strong management commitment. In the initial stages management are usually diverted from existing domestic business but for many companies, this short term stress will provide longer term rewards.
Getting ready for export
Austrade provides a range of services and assistance to Australian exporters and education providers covering:
- Information and advice on exporting and international business
- International trade and education alerts
- Services including market-entry and expansion assistance
- Referrals to specialist service providers
The Find Export Markets and Export Market Profiles tools are a good place to start. Both products are new and will continue to grow as we add data about more markets and sectors and incorporate feedback from our clients.
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