As the global financial markets calm a little and the leaderships of the EU and the UK try to work out a plan for the future in these unprecedented waters, George Osborne, the British Chancellor of the Exchequer made an interesting statement in his speech on Monday.
He stated that the UK was a ‘great trading nation’ and that Britain will now agree ‘a long-term economic relationship with the rest of Europe that provided for the best possible terms of trade in goods and services’ in order to place Britain with ‘the strongest possible economic links with our European neighbours, with our close friends in North America and the Commonwealth, and our important partners like China and India.’ (1>>)
Simply put, if under 50% of the UK’s trade is with the EU, that means that over 50% is not (2>>). Exports to the EU are critical to the UK’s economy, but if you haven’t already, consider other big markets like the USA, India and China. With the pound’s lower value making our exports more attractive to customers around the world, now is the time to export.
And we believe digital is a great way to expand your business internationally – so why not try exporting online? Our online customers of the future are not actually in the EU: we have 674 million potential customers online in China, 375 million online in India, 281 million online in the USA, 118 million online in Brazil and 115 million online in Japan. Germany comes in at ninth in the world with 72 million internet users, then it is the UK at 11th with 59 million and France at 12th with 55 million. Both the UK and France were knocked out of the top 10 late in 2015 by Mexico, Indonesia and Nigeria (3>>).
If you’d like to find out how to export online, contact us.
This is the third article in the series: Brexit Britain – Now Is The Time To Export. Check out the other articles in the series: