
In 2008, U.S. exports of goods and services grew by 12.5 percent from $1.6 trillion to $1.8 trillion, while U.S. imports increased 8.6 percent to $2.5 trillion.
Why should your company consider doing business beyond our U.S. borders? Exporting, importing, customs, free trade, duties, tariffs, international commerce... all are concepts and activities that take time and money to understand - let alone to achieve proficiency and ultimately profitability. Click here for Glossary of Trade Terms.
So...is the investment and the risk worth the reward? Obviously there is not one simple answer for every company. But each business leader should consider the opportunity to expand their market reach to countries that may be interested and eager to utilize your product or service.
Companies that invest in the process of international commerce are likely to realize increased revenues, expanded market share, diversified product lines, efficiencies of scale, and have the professional satisfaction of being known as an International Business. Click here for a several export success stories.
Fortunately there are a multitude of private and public experts and resources available to help you determine the next steps your company should take to engage in international commerce. Click here for more...