Exporting goods is one of the vital factors for the economic growth and development of any country. The importance of exporting goods is described below:
Achieving trade balance: By exporting goods, the country is able to create a favorable balance in its trade balance. Incomes from exports can adjust the amount of imports and prevent the creation of a trade deficit. This will strengthen the country's economy and reduce dependence on foreign sources.
Creation of added value: export of goods creates economic added value through the entry of foreign currency into the country. These currencies can be used in the development of other sectors of the economy such as industry, infrastructure and financial services.
Creating employment: Exporting goods leads to an increase in production activities and the basic structure of the economy. This increase in activities directly and indirectly creates employment in various industries, including manufacturing, transportation, packaging and after-sales services.
Transfer of technology and technical knowledge: With the export approach, companies and industries can export new technologies and technical knowledge to destination countries. This exchange of knowledge and technology can help to raise the level of production and improve the quality of products in the exporting and receiving countries.
Diversification and development of markets: By exporting goods, companies can gain access to new and wider markets. This diversity and development of markets allows companies to take advantage of new opportunities in the global context and reduce the risks associated with increased competition.
In general, the export of goods as an economic stimulus helps the development and sustainable economic growth of countries and is effective in creating employment, trade balance and industrial development of different sectors of the economy.
Steps to export goods
The stages of exporting goods generally include the following stages:
Market investigation and research: At this stage, the intended destination markets should be investigated. It includes market analysis, demand, competitors, relevant laws and regulations in the destination country, target customer profiles and their buying patterns. Conducts detailed marketing research and gathers information needed to make decisions about entering new markets.
Export planning and strategy: In this stage, general planning for the export of goods is done. It includes determination of exportable products, pricing, distribution channels, marketing and promotional plan, transportation and packaging requirements. Successful strategies for entering new markets are determined.
Execution of business transactions: In this stage, business transactions are carried out between the seller and the buyer. It includes communicating with target customers, negotiating contracts and pricing, making agreements related to product delivery, order registration, and financial affairs related to payment and settlement. At this stage, export and import rules and regulations are followed.
Packaging and transportation: The stage of packaging and transportation of goods is very important. Appropriate packaging and labeling methods should be chosen to protect the product during transportation. Also, the necessary arrangements are made for transporting the goods to the destination, including selecting a carrier, obtaining export licenses and the required shipping documents.
Carrying out customs procedures: In this step, goods and documents required for export are submitted to customs. It includes preparation of export documents such as invoices, bill of lading, export certificate and customs declaration. This stage includes the determination of export taxes and duties, the determination of export exchange rates, and compliance with customs laws.
Follow-up and support: After the goods are exported, it is very important to follow-up and continuously support the customers and their satisfaction with the products offered. This includes answering customer questions and problems, providing after-sales service, solving problems, and building long-term relationships with customers and colleagues.
Each of these steps must be done carefully and in compliance with the export laws and regulations of each country so that the export of goods is done well and has a favorable result.