The UK exported over £1.5 billion of goods and services to Chile in 2013, and is the country’s sixth largest foreign investor. And despite Chile having a relatively small population – its 17.95 million inhabitants make it the sixth most populated country in South America – it is the UK’s second largest export destination on that continent.
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Canada has many cultural, historic, and linguistic links with the UK, and it is the UK’s 16th largest export market for goods.
The UK is Canada’s sixth largest source of goods imports and second largest services trading partner, and the latest export figures show UK goods and service exports to Canada were worth £7.5 billion in 2013.
Ever since the 51.9% voted for the UK to leave the EU back in June last year, there’s been a lot of conjecture on what the split will mean for trade – many of those who voted leave are sure the nation is in a stronger position now it can arrange its own trade deals with countries outside of the EU, such as India, New Zealand and Australia.
On the other hand, those in the remain camp find it difficult to see the logic in sorting expensive trade deals with countries halfway around the world when there’s so many willing customers right on our doorstep.
And while there are reasonable arguments from both camps, it’s worth looking at who are currently the UK’s main trading partners…
It seems Bulgaria is a good place to do business – A T Kearny, the global management consultant firm, ranks ninth in the world and number one in Europe as an outsourcing destination, the World Bank put it a 38 for ease of doing business, while Bloomberg places it as the sixth best country for doing business.
If your looking to extend your operation across Europe, Bulgaria could be the ideal destination, so here’s all you need to know about exporting to Bulgaria.
Brazil is the biggest economy in Latin America, with larger states such as São Paulo having a bigger economy than neighboring nationArgentina. Brazil is also the world’s seventh biggest economy with a Gross Domestic Product (GDP) of USD 2.3 trillion.
The UK and Brazil have a burgeoning trading relationship in place – UK goods exports to Brazil more than doubled in the decade between 2002 and 2012, and services exports increased by 59% in the five years between 2009 and 2014. And even though overall imports to Brazil dropped by 14.3% in 2015, the number of UK goods exported to the country only fell by 5%.
If you’re thinking of exporting to Brazil, the top UK exports include:
- Chemical products (mainly fungicides)
- Electrical appliances
- Machinery
- Pharmaceuticals
- Vehicles
If Brazil looks like a good opportunity for your business, here’s all you need to know about exporting there…
Belgium is an affluent and multicultural nation with an open market that offers opportunities to businesses in most sectors. There are over 1,000 public and private international organisations with headquarters in Belgium, including some big-name UK businesses such as BP, BT and Shell.
Belgium is the UK’s eighth largest export market – worth £12.5 billion in 2014 – and the top exports to Belgium include:
- chemical products
- medical products
- automotive equipment
- diamonds
The Belgian economy is growing at a rate of about 1% each year, and the country’as top priority sectors for economic development include:
- biotechnology
- agri-food sector
- environmental technology
- pharmaceutical sector
- information communications technology (ICT)
- transport and logistics
If you think this looks like a good opportunity for your business, here’s all you need to know about exporting to Belgium…
Austria is a relatively small nation with a population of just 8.5 million – the big plus point from a trade point-of-view is that, being located right in the centre of Europe, it has over 48 million people within a 400km radius of Vienna, its capital city, which means exporting to Austria will put your products and services within reach of a lot of potential customers.
It’s also one of the wealthiest nations in Europe, with a Gross Domestic Product (GDP) per head of €33,200 compared with a European Union (EU) average of €25,700. Austria’s high standard of living and relatively low living costs results in high non-essential disposable income.
If you want to take advantage of this, here’s everything you need to know about exporting to Austria…
Abu Dhabi is the capital of the United Arab Emirates (UAE), which is the second largest Arab economy after Saudi Arabia. The UAE is also the 30th largest global economy, and has the world’s 18th highest GDP per capita (USD 44,200) rate.
A traditionally oil-rich nation, the UAE has diversified to future-proof its economy, and non-oil sectors now contribute to almost three-quarters (70%) of the nation’s gross domestic product (GDP).
The UAE population is made up largely of expatriates, with around 120,000 UK residents, and it housed a further one million UK visitors during 2014. Furthermore, some 5,000 British companies operate out of the UAE, including big names like BAE Systems, BP, Rolls Royce and Shell – so if you want your business to get in on the action, here’s all you need to know about exporting to Abu Dhabi.
There are more than 1,000 British companies operating in Australia, including big names like BP, HSBC, Virgin, British Airways and BT, as well as hundreds more SMEs.
There are 1.2 million Britons currently residing full time in Australia – that’s almost 2% of the population, with a further 500,000 visiting each year. So it’s clear to see there are ties between the two countries to be exploited.
If you’re thinking of doing business down under, here’s everything you need to know about exporting to Australia…
Abu Dhabi is the capital of the United Arab Emirates (UAE) – an Arabian peninsula upon which Dubai also sits – and is the second largest Arab economy after Saudi Arabia and 30th largest globally with the 18th highest GDP per capita (USD 44,200) rate.
Although in the middle of a very oil-rich part of the world, the UAE has diversified its economy away from oil, with almost three-quarters of its GDP now coming from non-oil sectors.
The UAE is the UK’s 12 largest global export market, and its largest civil export market in the Middle East, and there are over 5,000 British companies operating out the, including big names such as BAE Systems, BP, HSBC, Rolls Royce, and Shell, while 779 commercial agencies and 4,762 British brands have invested in the UAE.
The majority of the UAE population is made up of expatriates, with around 120,000 UK residents.
So if you’re in a position to join them and do business in Abu Dhabi, you’ll need a cost-effective, easy to use and reliable international conference call provider – look no further than ConferenceCall.co.uk.