It is widely known that the UK has a large trade deficit, whereby it imports more than it exports, nevertheless, exports a large amount.
The latest available country-specific data as outlined by World’s Top Exports indicates 67.9% of products exported from the UK were bought by importers in:
Tapping into these exports figures presents many opportunities for your business rather than just relying on your local market. Whether you are currently exporting or looking to export, there are many factors to be considered, especially when it comes to the complex world of compliance.
Click on the graphic boxes to view and download our WTA exports brochures.
When exporting, having the correct documentation is key to prevent delays or rejection of your goods.
Regardless of which market you are exporting to (or are looking to export to), you need to find the right logistical partner who is going to fit your requirements and will be capable of handling all of the complex elements of exports anywhere around the globe. Doing so will allow you to focus on your core business competencies.
Your logistics partner of choice will help you to establish what modes of transport are best suited for your export requirements depending on the time-frames and logistics budget.
The latest wta group report is here, offering insights and clarity on the opportunities available for exporting during a recession.
When exporting your goods from the UK, You need to decide whether you're going to control the shipping process or whether your customer is going to control it.
International Commercial Terms (Incoterms) helps to define the responsibility of the seller to the buyer within the supply chain. Incoterms are prepared by the International Chamber of Commerce and include FOB, EXW, CIF, DDU etc. Depending on the incoterms that you decide to use, if you decide you would like control of the product then it is worth considering insuring your goods.
For more information on the Incoterms for 2021 click here.
When exporting goods from the UK you need to have a thorough understanding of what the requirements are for customs and compliance. Depending on where you are exporting to, each country will have a different set of rules and regulations. If you are shipping food products, chemicals or pharmaceuticals, expect more custom procedures that need to be complied with.
The Market Access Database is a very useful tool that outlines what documentation you need for the country you are exporting to. See the Market Access Database here.
We have drawn up a comprehensive trade guide library giving you insights into why exporting to a particular country such as the USA could be of significant benefit to your business. Plus we have created country-specific export brochures, which will outline in detail the export procedures you should be aware of. Check out our library of Trade and Export Guides here.
Anthony began his career with World Transport Agency 26 years ago, gaining unparalleled experience and establishing himself as a respected freight forwarder.
Anthony has held numerous roles at World Transport Agency, working his way from an export clerk, up to his current position as Associate Director of sea freight exports.
