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Difficulties Faced By Exporters In International Trade

Difficulties Faced By Exporters In International Trade

27/01/2020 00:00:00

Depending on your business, it’s likely that you will be keen on exporting your goods as much as you can, potentially into the international market. However, despite how great this sounds, there are many difficulties that you might have to face.

To give you a head start, the team at Blackthorne have created this simple guide covering some of the most notable difficulties faced by exporters, as well as listing one particular way to dissolve these issues.

 

Payment processing

The financial side of the exporting process is one of the largest difficulties that you might expect when exporting anywhere. The most obvious aspect is the different fiscal systems that each country has, which can severely impact the total cost of exporting goods such as electrical devices. Of course, this primarily affects the costs that goods can be brought for in terms of how much the recipient is paying to obtain them, but the financial difference also affects the importing process on the other end.

As we will discuss later, each country will have its own customs and borders, which will also influence the payment processing. This is because the importing fees may differentiate, where the importer may not recognise the difference in import fees concerning the exchange rate, which can often lead to larger financial implications for the exporter.

 

Language barriers

Another obvious aspect that is often overlooked is the language barriers that you might encounter. Especially if you are exporting to notable countries where English might not be a primary language, it can be very difficult to guarantee that the whole operation is smooth, efficient and correct. One suitable solution is to hire relevant translators to your firm so that they can engage with each country and their importing team when required, but if you are looking to export on a mass scale, then this can be costly.

 

Different customs procedures

What’s more, each country that you export to is bound to have its own customs procedure. Often this occurs due to political or cultural reasoning, where shipments are restricted access due to the contents, which is why it’s best to check before you even consider exporting internationally.

 

Various legal systems

On top of all mentioned above, you also need to take into consideration the legal factors that coincide with international exporting, which is a lot. Several counties have very complex bureaucracy systems which require documents and certificates to allow the shipment to process, as well as also requiring certain permits and licenses.

For reference, most of these will be renewed or maintained by the exporting company to guarantee that they are approved to carry out these activities across the globe. With that said, specific exporting projects might also require one-time license arrangements, with this often depending on the products being exported but also the country that it’s being imported to.

 

Ever heard of an Importer of Record?

Fortunately, there is a solution to almost all your importing and exporting issues - hiring an importer of record (IOR). Their entire job is focused solely on taking care of all the legal obligations enforced by the country’s customs when importing and exporting goods. These companies will have experienced specialist teams located at these notable locations so that they can be hired by exporters to handle all the points made above and much more.

Fortunately, here at Blackthorne, we are one of the world’s most valued global supply chain logistics providers. Thanks to our expertise within the industry, we are recognised as the Importer of Record in several countries around the world, where we specialise specifically within the tech industry to guarantee that your IT facilities are transported safely and legally to the desired destination.

By contacting our team today, you will have the opportunity to speak to one of our specialists who will be happy to run through your plans, requirements and all else so that we can begin to suggest the most suitable approach going forward. To get in touch, we suggest sending an email to sales@BlackthorneIT.com, though you can also send a simple message through an enquiry form found on our contact page.