Why Export?

• Allows companies to reach new customer bases and grow their market presence globally.
• Boosts overall sales, leading to higher profitability.
• Reduces reliance on the domestic market.
• Scale up capacity and reach economic of scale by catering to international demand.

Factors to consider before exporting

• Market research on demand, trends and competitors in the target country.
• Regulatory compliance to export regulation and product standard in the target country.
• Financial consideration i.e. costs and payment terms.
• Logistics and custom documentation.
• Cultural and language differences.
• Legal Framework
• Distribution and Sales Channels
• Risk Management i.e. takaful/insurance coverage on commercial and political risks.

More information

Beginner’s Guide to Exporting