Taking your company global can be daunting, not to mention costly if it goes wrong. Equally though, the rewards from expanding into other markets and doing bussiness abroad can easily outweigh the start-up costs. But where do you start? Which country should you try doing business in first?
If you’re thinking about developing your overseas trade, but unsure of which market would be the best for your company, we take a look at some business opportunities and macroeconomic facts for some of the key global markets:
Doing business in Australia
Ranked as one of the easiest countries to do business in, over 1,000 British business already operate in Australia. The country’s proximity to other countries allows for potential access to other South Asian markets.
Doing business in Japan
Japan has one of the strongest eCommerce markets worldwide and is leading the way in the technology market – Japanese mobile users spend more on app downloads than any other country.
Doing business in India
The 7th largest country by area, the 2nd most populated nation, and growing at 7.3% per year, India is now the world’s fastest-growing economy, ahead of the likes of China.
Doing business in Brazil
Both physically and economically, Brazil dominates Latin America, and is the 5th largest country in the world, both in terms of population and geographical area.
Doing business in Germany
Potentially a less daunting prospect than investing in an emerging market, Germany is already Europe’s most industrialised country and boasts a strong domestic consumer market
Doing business in Mexico
With a market size as large as Western Europe, and 11 free trade agreements covering 44 countries, Mexico presents great business opportunities for those looking to expand globally.
Doing business in China
As the world’s 2nd largest economy and a vital trading partner for many countries, China is an obvious choice for anyone looking to expand their business overseas.
Doing business in France
The world’s 5th largest economy, and the 2nd largest in Europe, France already has over 20,000 foreign businesses already established – so it’s a great choice if you don’t want to take on too much risk too soon.
Doing business in Denmark
Regarded as one of the happiest countries on the planet, with its progressive stance on education, health care, and well-being, Denmark brings many opportunities to UK companies.
