Advantages of Exporting Increased market size.

Market suitability. Some products might be more suited to certain overseas markets than to the UK. This might perhaps best be illustrated in terms of luxury goods which the domestic market might not be able to afford but which might find a ready audience in more affluent locations.

Currency benefits. Changes in exchange rates can prove advantageous when selling to a customer against whose currency sterling is weak.

Protection against a downturn in the domestic market.

Protection in the event of world recession since it is unlikely that all countries will be equally effected.

Economies of scale from manufacturing in larger batches.

There is the option of exporting without being a manufacturer, for instance where one operates as an export merchant or export agent and sells goods bought from British manufacturers.

Some British services are much in demand in worldwide markets, examples being design, financial and managerial consultancy services, engineering, computer software provisions, and so on.

On perhaps a less business-like note, opportunities for foreign travel can prove stimulating and refreshing to the entrepreneur used to operating in purely domestic markets.