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Where are you shipping now? It’s likely that similar conditions exist in other markets, indicating that your product or service could be successful there too. For example:
A useful source of market intelligence is the U.S. Commercial Service’s market and industry research written by our in-country trade professionals.
Since you already ship to one country and have your product’s HS classification, you can leverage two powerful data sources to paint a clearer picture of the demand—and competition—for your product:
One of the best ways to expand to new markets is to learn from other companies that fit your profile. Either through your industry trade association, local chamber of commerce or your supplier network, you will find other companies that are willing to share their experiences in export expansion and to identify the opportunities and risks. Your express shipment company or freight forwarders are also good resources for discussing export expansion. Additionally, local U.S. Commercial Service offices can help you connect with available local business assistance. 56 District Export Councils (DECs) nationwide are organizations comprised of leaders from their local business community. These DECs complement the U.S. Commercial Service’s export promotion efforts through counseling businesses on the exporting process and conducting trade education and community outreach. Find your local DEC.
No matter where you are in the United States, there is a U.S. Commercial Service office near you staffed by trade professionals who can assist in finding new markets. These specialists will work with you and their counterparts in U.S. embassies and consulates around the world to explore your product’s market potential, distribution channels, and regulatory requirements in potential markets. They will keep working with you to find partners and successfully complete your export sales into those new markets. Find your local U.S. Commercial Service office.
Expanding to a second or third market is something most companies should be able to do in short order. There are trade professionals waiting to help you. If you’re ready to grow your business, contact the U.S. Commercial Service today.