Things to Consider Before Exporting Goods From UK

Although exports play a very important role in supporting the economy of UK, the industry is deep waters for people who have no experience in the field. There are a number of factors that you must take care of like deciding a lucrative international market, ensuring successful payments, and so on before making attempts to ship goods overseas.

Basically, you will have to ask yourself 3 questions prior to making your plans:

• am I aware of all the important things related to exporting? 
• whom should I talk to?
• which export agents can help me?

Shipping overseas from UK is not at all a tough nut to crack. According to the ONS (Office for National Statistics), the revenue generated by UK exports went from £300.5 billion in 2012 to £304.3 billion in 2013. Besides that, the British government is encouraging 100,000 businesses for “internationalising” by the year 2020.

The first step towards exporting goods outside UK successfully is doing careful and methodical research. Bear in mind that determining an appropriate overseas location is one of the most important tasks. Though Europe is still the most preferable destination by British exporters, countries like Russia, India, China and Brazil are also increasing rapidly in terms of popularity. Assess the type of support being provided by the governments. Analyse the market meticulously by visiting it in person, if possible and obtaining information about the accredited businesses out there. Alternatively, you can even seek help from the Internet and enter an international market virtually.

While entering a new market for the sole purpose of exporting your goods, you must search for some business to partner with in advance. Because finding suitable distributors or agents is often regarded as an overwhelming task by experts. There are many reputed companies in UK who can provide efficient and cost-effective freight forwarding services, such as MNS Freight Services Ltd. Assess the legitimacy and credibility of the firm you consider before opting for their services.

Next, familiarise yourself with the details of the overall process. Knowing about your market is not the only thing you need to handle. It is imperative that you also take the procedures and paperworks into account simultaneously. Consider and comprehend issues like local tariffs and duties, VAT exemptions, customs obligations and responsibilities and documentation.

Finally, determine properly how your goods will successfully reach their destination and be absolutely clear about your finance. Understand your funding requirements and payment processes carefully.