Import & export Market Trends

Online sales is transforming traditional exporting and

importing

Combined with the digital marketing, the E-commerce in global trading is

growing tremendously. 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 centres as an online vendor
don’t need cashiers, showroom rent etc. And above that one can target
multiple audience 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 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 was time consuming and costly. But
now, it is even possible to sell or transport 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 digitisation of the trading industry.
Customisation, 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 advantage 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 picture and Import Export data
online platform helps getting the right buyer and seller at desired costs.

To get into this type of business one need to analyse 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 to import Italian Furniture from Italy, if one can get the same product from
Vietnam with the same quality and at 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, right system of operation( agent/direct), also find
potential prospects and deliver them the products that they desire.
THANK YOU!