Exporting can also help boost your productivity because selling into larger markets creates economies of scale which helps to reduce costs and increases efficiency. Improved productivity and lower costs also helps you be more competitive here at home.

What is an export good?

An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is an exporter; the foreign buyer is an importer.

What are the benefits and opportunities of exporting?

Exporting offers plenty of benefits and opportunities, including: Access to more consumers and businesses. Diversifying market opportunities so that even if the domestic economy begins to falter, you may still have other growing markets for your goods and services. Expanding the lifecycle of mature products.

Why are exporters better than importers in Canada?

Canadian manufacturers that export are 30% more productive for example. Exporting can also help boost your productivity because selling into larger markets creates economies of scale which helps to reduce costs and increases efficiency.

Where can I learn how to export physical goods?

If you would like to learn more about exporting, The Institute of Export & International Trade’s An Introduction to Exporting Physical Goods training course, which describes all the key elements of exporting, with a reference to imports would seem the best place to start. Visit:

Why do exporters make more money than non exporters?

Exporters make more money. More markets and larger populations to sell to, equals more opportunities for sales. In fact, exporting companies make 121% more revenue than average. Exporters grow faster. The Industry Canada study also found that exporters grow faster than non-exporters.