In years gone by we’ve heralded the arrival of 3-D printers, robot dogs, and apps including Vine and Instagram, not to mention the boom in wearable tech (which, in our…
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Exports from the UK to Panama are worth around £149 million, and the UK is the second largest investor in Panama with holdings worth more than $3.3 billion. This is largely due to the Colón Free Trade Zone, an area near the entrance to the Panama Canal dedicated to re-exporting a wide variety of merchandise to Latin America and the Caribbean.
The UK’s main exports to Panama include:
- beverages (notably Scotch Whisky)
- organic chemicals
- medical and pharmaceuticals products
- machinery
- transport equipment
If you want to take advantage of this unique trading opportunity, here’s everything you need to know about exporting to Panama.
Pakistan offers a great opportunity for UK-based businesses looking to cast their net far and wide – one of the world’s youngest populations, a growing middle class, and a wealth of natural resources mean it is an economy that is definitely on the up.
More than 100 British companies currently operate there, including big name businesses as diverse as Debenhams, Toni & Guy, and Unilever. Goods exports from the UK are worth over £600 million, with bilateral trade worth about £2.2 billion.
The top exports from the UK to Pakistan are:
- Specialised industrial machinery.
- Power generation machinery.
- Telecom and broadcasting equipment.
- Chemicals, pharmaceutical and medical products.
- Metal ores and scrap metal.
If you want to take advantage of this growing market, here’s everything you need to know about exporting to Pakistan.
Although only about a sixth of the size of the UK, the Netherlands is the world’s fourth most densely populated country, with around 17 million people packed on to 41,543 sq km of northern European soil. It also has a very healthy economy, which weighs in a the EU’s sixth largest and the world’s 16th largest.
The nation currently houses over 400 British companies, and is the UK’s fourth largest bilateral trading partner. UK goods exports to the Netherlands are worth around £27 billion, and the top five exports are:
- mineral fuels, oils and distillation products
- pharmaceuticals
- nuclear reactors, boilers, machinery
- vehicles
- organic chemicals
If you want to take advantage of the plentiful business opportunities, here’s everything you need to know about exporting to the Netherlands.
Nigeria is expected to become the leading economy in sub-Saharan Africa within the next ten years – and this is expected have a massive impact on the prosperity of the entire continent of Africa.
Trade links are strong between the UK and Nigeria, with bilateral trade doubling from £4 billion in 2010 to £8 billion in 2014, meaning there are a number of trade opportunities for UK companies looking to do business in Nigeria.
The fastest growing sectors in Nigeria include oil and gas, wholesale and retail, telecommunications and paper mail, and construction – so if you work in any of these sectors, now could be a good time to take advantage of a growing African economy.
And if you’re doing business with Nigeria, you’ll need a cost-effective and reliable conference call provider – so here’s how to set up an international teleconference for up to 100 participants, in just a few simple steps.
New Zealand is a rapidly expanding nation, with an economy that’s embraced a number of new sectors over the last decade or so – where its earnings were once dominated by farm products, namely wool, meat and dairy, it’s now supported by burgeoning tourism, film production and wine-making industries.
Trade between the UK and New Zealand is worth a healthy £1.1 billion a year, and the top UK exports to New Zealand include:
- automotive
- machinery and mechanical appliances
- printing
- pharmaceutical
- food and beverage
- optical medical and measuring equipment
- electrical machinery and equipment
If you’re thinking of doing business on the other side of the world, here’s everything you need to know about exporting to New Zealand…
Those in the know see Mexico growing as an economic power over the next couple of decades, and making the leap from being the world’s 15th largest economy (where it’s currently ranked), to the fifth.
And the Mexican economy has continued to grow despite other Latin American countries seeing their’s shrink.
Trade between the UK and Mexico is worth around£1.1 billion, and the top five UK exports to Mexico are:
- Power generating machinery and equipment
- Road vehicles
- Medicinal and pharmaceutical products
- Beverages
- Essential oils and perfume materials.
Here’s everything you need to know about exporting to Mexico.
Malaysia is a multi-ethnic society of 28.4 million and the country has remained in a strong economic position in spite of the economic downturn and it aims to achieve Developed Nation status by 2020. It’s also one of the world’s best spots for offshore manufacturing and service-based ventures.
And, much like Singapore, it’s strategic position between the Indian Ocean and the South China Sea makes it popular with investors.
Trade between the UK and Malaysia is worth around £8 billion, making it the UK’s second largest trading partner in the Association of Southeast Asian Nations (ASEAN). If you’re interested in doing business in Malaysia, the top five sectors for trade are:
- machinery and transport equipment
- manufactured goods
- chemical and related products
- crude and fuel
- food, beverages and tobacco
Here’s everything you need to know about exporting to Malaysia…
Lithuania is one of the EU’s fastest-growing economies – a quick exit from recession has seen its economy grow by an average of about 2.5% over the last few years.
The largest of the Baltic nations, Lithuania offers a gateway to Russia, where almost a quarter (21%) of its exports end up. If you plan to use the country as an entry point to Russia though, bear in mind relationships are tense between the two countries (Lithuania only regained independence as recently as 1990), and the Russian government is not averse to banning certain goods, imposing temporary embargoes, and making life difficult for anyone looking to cross the border.
On the plus side, this doesn’t appear to have had too great an impact on trade with the UK, which has a 4.2% market share in Lithuania and exports around €1 million of goods there each year – this is definitely a growing market with a lot of potential.
The top UK exports to Lithuania include:
- electrical machinery
- machinery, mechanical equipment and spare parts
- optical, precision and medical devices and equipment
- plastics
- transport vehicles
- chemical products
- essential oils, resinous plant exudates, cosmetics and toiletries
- footwear
- furniture, home textiles
- food products
If you’re looking to tap this growing market, here’s everything you need to know about exporting to Lithuania…
The UK is Latvia’s eighth largest export market, with exports of goods and services between the two countries worth around £745 million.
The top UK exports to Latvia are:
- machinery
- wood
- metal
- electrical equipment
- textile
- transport vehicles
If you fancy doing business in one of the EU’s fastest growing economies, here’s everything you need to know about exporting to Latvia…
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