Overseas markets present the opportunity to increase sales and secure additional profits by opening up new territories. Expanding overseas usually leads to improving the standing of the Exporting Company in their home country.
Why Do U.S. Companies Shy Away from Exporting?
The answer is simple, the U.S. domestic market consumes over 90% to 95% of their production of goods and services, and most U.S. companies are overwhelmed by cultural differences, the complexities of import/export regulations, dealing with international buyers and the sort. The end result is losing out on the opportunity to increase their sales & profits in lucrative foreign markets.
The most important factor to keep in mind, Exports sales are extremely beneficial, companies get paid in Advance and prior to shipping: Great source of cash flow for your business.
I would like to give you some reference for this concept of Exporting and data as well. In 2018, our GDP was about $ 20. 58 Trillion, total Exports to foreign countries were $ 2.5 Trillion or about 10% of our economy.
Goods contributed 67%, or $1.7 trillion, 33% of exported goods were capital goods ($562 billion). The largest sub-category was commercial aircraft ($130 billion). Other capital goods include industrial machines ($60 billion), semiconductors ($48 billion), and telecommunications ($37 billion). Electric apparatus ($46 billion) and medical equipment ($37 billion) are also significant contributors. (Capital goods are man-made, durable items businesses use to produce goods and services. They include tools, buildings, vehicles, machinery, and equipment.)
Only 12% of U.S. exported goods were consumer goods ($206 billion of the $ 2.5 Trillion or 0.01% of our GDP). The biggest categories were pharmaceuticals ($55 billion), cell phones ($27 billion), and gem diamonds ($22 Billion). Automobiles contributed 9% of all exported goods.
In 2018, $159 billion. Just 9% of exported goods were foods, feeds, and beverages ($133 billion). The big three were soybeans ($18 billion), meat and poultry ($20 billion), and corn ($14 billion).
Sources: United States Census Bureau. U.S. International Trade in Goods and Services
As you can see, less than 10% of our exports are your everyday products we consume or use, room for expansion is tremendous and opportunities for companies in this sector are substantial to increase their sales and profits.
Made in U.S.A. is in Demand Globally
The Export Consultant Services of Premium Products International can ease your entry into international markets, using our thirty-five+ years of experience in global business. The latter has been developed by extensive overseas travel resulting in rich international marketing expertise.
What Do our Competitors in other Industrial Countries Do?
In most EU countries, Exports constitutes 25% to 50%+ of their overall economy compared to ours (10%).
Germany is one of the largest exporters globally with $ 1.448 Trillion worth of goods and services exported in 2017. The service sector contributes around 70% of the total GDP. Exports in 2017 accounted for 41% of their national output (from Wikipedia). WOW, 41% in Exports of their GDP.
PPI introduced Globally companies such as Farberware (kitchen tools and gadgets), Ex-Cell Home Fashions (shower curtains & table cloths), Pfaltzgraff (dinnerware), O-Cedar (mops & brooms), Household Essentials (ironing boards & accessories), and many others. All Leaders in their industry, and we Competed against Europeans Leading companies such as T-Fal, Moulinex, Brabantia, Henkel, Emile Henry, Vileda, Fissler, Zyliss and others.
We acted as the Exporting Arm for the Brands we represented and were a Full Service Provider, from Market Entry, to Market Research, To dealing with Foreign Buyers and everything in between from the Exporter’s warehouse in the U.S. to the Importer’s warehouse overseas.
How Did we Do That? Penetrated Markets Dominated by European Companies for Decades and Decades?
We Led with Our Unique & Aggressive Strategies, Established U.S. Brands and Delivered Excellence.
Did you Know that:
U.S. Companies Lead Globally in Ethics / ways of doing business, Quality of Product/Service, Life Span of their Products and Innovation!!!
How We Can Help You
We understand Exports, Create Systems for You
& Deliver Cash Flow to your Business from Exporting.
To Simplify matters, We Help you in your Strategy for Market Entry, Establishing Distribution Channels, Pricing your Product/Service, Educating your Staff, Making Changes on the Packaging if Product or Features if Service, Collecting the Money, Managing Logistics, and much more.
We specialize in Global Marketing …
Are you interested in entering new and foreign markets???
Increase your Sales and Profits???
We guide you in this process and minimize the risk from dealing with new cultures and foreign buyers.
Take advantage of our 35+ years of expertise in this field.
What is your Service Strategy? Are you Satisfied with the Results?
As Always, Our Culture:
We Understand Your Needs and Share Your Dreams
Contact Us to increase your Profits and Minimize your Risk