With 70 per cent of growth expected to originate from emerging nations by 2020, is it time SMEs looked beyond the Eurozone for export opportunities?

1. Exporting
beyond
the
Eurozone

2. By 2020,
it's estimated that
70 per cent of
world economic growth
will take place
in emerging economies1.

3. 83 per cent
of entrepreneurs also
believe Britain’s
future export success
lies outside the EU2.

4. Currently, fewer than
1 in 3
UK SMEs export
beyond the
Eurozone3.

5. In the past 12 months,
SMEs that exported
beyond Europe
were 29 per cent
more successful
at increasing turnover
than the
European average4.

6. What stops SMEs from exporting beyond
Europe?5
22%
23%
24%
25%
26%
27%
28%
29%
Dealing with foreign
government
requirements
Understanding
foreign business
practices
Understanding
customs regulations

7. 45 per cent of SMEs
don’t know
where to turn
for help to support
their export
ambitions.6

8. What support is available?

9. Getting started
London Loves Business’
5 step export roadmap
offers a good
introduction to the basics
of where, when, how and
why to export.

10. Personalised
advice
UK Trade and Investment
offers businesses
one-to-one
advice sessions with an
expert advisor.

11. Country guides
Information on export
opportunities in specific
international markets is
available from:
• UKTI country guides
• The British Chambers of
Commerce’s quarterly
International Trade
Outlook

12. Events
The BCC provides
a directory of export
workshops,
presentations and trade
missions for SMEs.

13. Duty relief
Businesses trading
outside the EU may be
able to claim duty
relief. Take a look at
this government guide
for more information.

14. A quote from
John Allan,
National Chairman for the
Federation of Small
Businesses:7
“The UK's export strategy must
focus on matching a company's
export potential to the right
overseas market. The majority
of our members still export to
the Eurozone but are
increasingly looking to other
dynamic markets such as China
for opportunities.”

15. Sources
1. https://www.theparliamentmagazine.eu/articles/opinion/new-commission-must-
prioritise-internationalisation-smes
2. http://economia.icaew.com/news/november-2014/entrepreneurs-say-exports-lie-
beyond-eu
3. http://pressroom.ups.com/pressroom/staticfiles/pdf/fact_sheets/European_SME_Export
ing_Insights_ENGLISH.pdf
4. http://www.pressroom.ups.com/Press+Releases/Archive/2014/Q3/ci.UK+SMEs+Outper
form+Other+European+Countries+in+Growth+Through+Exports.print
5. Graphic:
http://www.tnt.com/express/en_gb/data/news_2014/surge_in_UK_SMEs_export.html
6. http://www.fsb.org.uk/news.aspx?REC=8671
7. http://www.fsb.org.uk/news.aspx?rec=8582/