Import & export Market Trends

Online sales are transforming traditional exporting and importing

Combined with digital marketing, E-commerce in global trading is growing tremendously. The e-commerce industry has seen the biggest growth ever and online sellers are boosting the market share of such offline giants like Walmart, IKEA, etc.

This scenario is similar for export-import agents, the online market overhead costs are remarkably lower than offline shopping centers as an online vendor don’t need cashiers, showroom rent, etc. And above that one can target multiple audiences from a single point.

Selling handmade goods online gives the opportunity to sell it to the whole world, without any middlemen. This is a wonderful prospect for people from developing countries like India, Bangladesh, and the Philippines, etc.

Years ago, one could only sell big volumes to a trading company or an importer and ship it with large sea containers which were time-consuming and costly. But now, it is even possible to sell or transport a single product and get a good deal. Online buying and sales, online payments have opened new perspectives to all in export-import trade. World import and export data online shows a massive surge in cross country sales after global digitization of the trading industry.

Customization, Personalisation, and flexibility protect small players

Large exporters and importers can’t be very flexible as they can’t offer very personalized products for their clients if the volume is very low. But smaller agents or even trading businesses can organize small orders custom made as desired by the client even if the volume is in single digit. Small businesses can take these competitive advantages over larger companies with custom-made products and with flexibility.

Cut costs by getting goods exported from where the products are produced

A Decade back this wasn’t the case, now since the profit margins are low than before, it is more significant than ever that certain goods will be exported from there where it is manufactured or produced with lowest costs with no compromise on the quality. Reason being every nation has different development level, climate & availability of its natural resources. All this is the reason why the import-export trade comes into the picture and Import-Export data online platform helps to get the right buyer and seller at desired costs.

To get into this type of business one need to analyze the market and understand the industry to make sure what would be the best and ideal products in your country to export. 

 

 

Products should be imported from the right country as well.

This is very vital for the people from countries like the USA, Europe, Canada, UK, etc. as developed markets are very particular about the quality and delivery. Likewise, with exporting, it is very important, that any individual looking to import products which are sourced from the right nation where it’s produced. It is easy to fall prey to low prices, but importers should also make sure that the quality is never compromised.

Another example of the importing the right product:

Why import Italian Furniture from Italy, if one can get the same product from Vietnam with the same quality and at a 50% lower price?

Right? If one really wants to earn good money in Importing, then he should be well informed on the current global import and export data.

Choose the right product, the right system of operation( agent/direct), also find potential prospects and deliver them the products that they desire.