A small business guide to exporting goods abroad.

"When you import, you are importing poverty into your country… When you export you are creating jobs here and exporting poverty to them. Whatever we can export we should do so”

Aliko Dangote?

Forbes' Richest man in Africa and CEO of Dangote group.?

There's a relatively high chance you know you have heard about the word "Export" except you live in the metaverse. Export happens when goods and services produced in one county are sold in another country.?

If you walk into Walmart or a grocery store and you see Ukwa (Africa breadfruit) on the shelves, export made it happen.?

Exporting goods and services is one of the keys to long term sustainable economic growth and development in Africa. Exporting commodities/products can be hugely rewarding. It offers producers and manufacturers a larger market size for their goods and it also helps them earn in foreign currencies.?

In a report presented by World Integrated Trade Solution (WITS) in 2019, it was stated that?

? Sub-Saharan Africa Consumer goods exports are worth US$ 41,207 million, product share of 17.07%. Sub-Saharan Africa Consumer goods imports are worth US$ 94,927 million, product share of 37.46%.

? Sub-Saharan Africa Raw materials exports are worth US$ 105,328 million, product share of 43.64%.Sub-Saharan Africa Raw materials imports are worth US$ 28,431 million, product share of 11.22%

The above statistics shows that we import more finished goods than we export products and we export more of raw materials.?

Advantages of exporting products aboard.

1 . It helps you increase sales and profit.

2 . It helps you earn in foreign currencies.

3 . It helps you capture a global market share.?

4 . It helps gain new experience and expert knowledge to develop technologies and gain insight into global marketing strategies.?

5 . It makes you compete with foreign brands in the global market.?

?Small businesses can be successful exporters because some have "unique" or "niche-type" products that are always in demand overseas!

If you’re interested in exporting products or services but you don’t know how to get started.?

Don't panic !

In this article, you will get a guide that shows you the pain-free way of exporting products or services aboard successfully.

Read more here

https://ihak.substack.com/p/a-small-business-guide-to-exporting?r=26j6h&s=w&utm_campaign=post&utm_medium=web&utm_source=direct