
Those businesses which do trade internationally are three times more likely to grow than those which don’t, but more than half of those asked (51.9 per cent) said they needed more support to go overseas.
The Government has a goal of achieving a doubling of exports to £1tn by 2020, and for this to be even remotely achievable we will need to see SMEs exporting in greater numbers. The barriers most commonly cited for exporters include lack of technical knowledge (20 per cent) and concerns about costs (14 per cent), while 14 per cent said they were waiting for economic conditions to improve.From FedEx: Top ten markets for UK SMEs which export globally
- US (44 per cent export to)
- Australia (30 per cent)
- New Zealand (20 per cent)
- Canada (20 per cent)
- South Africa (17 per cent)
- China (15 per cent)
- Japan (14 per cent)
- United Arab Emirates (12 per cent)
- India (12 per cent)
- Russia (12 per cent)
Most challenging markets to enter:
- China (21 per cent SMEs find challenging)
- Russia (16 per cent)
- US (13 per cent)
- Middle East (13 per cent)
- Japan (ten per cent)
- Brazil (nine per cent)
- India (six per cent)
- Australia (five per cent)
- Turkey (five per cent)
- Nigeria (five per cent)
Share this story