Export benefits for domestic companies
Export brings many advantages. The most important of these are: increased sales, competitiveness in multiple markets, higher profits and reduced risk of being present in only one market. Exports help you build global competitiveness as well as a greater reputation in the domestic market.
Exports from the Republic of North Macedonia are a driver of increasing the production capacity on the domestic market. About 80 percent of our exports are made in 10 countries, including EU and as well as Serbia and Kosovo. The Republic of North Macedonia mostly exports to Germany with more than 40% of the total export. Most of the products exported from North Macedonia are: textile LON products, bulk wine, parts for automotive industry, steel, electrical metal products, tobacco, etc.
In order to start exporting, it is necessary to make strategic decisions regarding:
Successful export companies always have innovation-oriented management, think globally, and believe in the forces of market and competition. You will be considered a successful exporter if you have been successful in the domestic market before and have a product that cannot be easily copied by another company, which gives it uniqueness and greater importance and reliable sales.
One of the main drivers for successful entry into the foreign market is promotion, which is achieved through participation in fairs, exhibitions and conferences, which are a great opportunity to meet potential customers and consumers. More than 2,500 fairs are held every year around the world, so your opportunities for this type of presentation are almost limitless.
The World Trade Organization, of which our country is a member, was established in order to ensure the highest possible degree of trade freedom, i.e. to create conditions for the removal of trade barriers between countries. There are free trade agreements between different groups of countries. Our country has already signed several agreements, including CEFTA (agreement between Central European countries), EFTA (with Switzerland, Norway, Ireland and Liechtenstein), as well as free trade agreements with Turkey and Ukraine.
Export benefits for domestic companies
Export brings many advantages. The most important of these are: increased sales, competitiveness in multiple markets, higher profits and reduced risk of being present in only one market. Exports help you build global competitiveness as well as a greater reputation in the domestic market.
Exports from the Republic of North Macedonia are a driver of increasing the production capacity on the domestic market. About 80 % of our exports are made in 10 countries, including EU and as well as Serbia and Kosovo. The Republic of North Macedonia mostly exports to Germany with more than 40% of the total export. Most of the products exported from North Macedonia are: textile LON products, bulk wine, parts for automotive industry, steel, electrical metal products, tobacco, etc.
In order to start exporting, it is necessary to make strategic decisions regarding:
• changes in planning,
• changes in the organization and management of resources in the company itself,
• improvement of the production process,
• investing in products that will make you competitive in the foreign market,
• increase of production capacities,
• market research,
• increasing in the number of employees,
• ensuring you have financial resources that will support export operations,
• providing export license and foreign currency account,
• operational website,
• excellent knowledge of foreign languages.
Successful export companies always have innovation-oriented management, think globally, and believe in the forces of market and competition. You will be considered a successful exporter if you have been successful in the domestic market before and have a product that cannot be easily copied by another company, which gives it uniqueness and greater importance and reliable sales.
One of the main drivers for successful entry into the foreign market is promotion, which is achieved through participation in fairs, exhibitions and conferences, which are a great opportunity to meet potential customers and consumers. More than 2,500 fairs are held every year around the world, so your opportunities for this type of presentation are almost limitless.
The World Trade Organization, of which our country is a member, was established in order to ensure the highest possible degree of trade freedom, i.e. to create conditions for the removal of trade barriers between countries. North Macedonia has been a member of since WTO 4th of April 2003.
There are free trade agreements between different groups of countries. North Macedonia has already signed several agreements, including CEFTA (agreement between Central European countries), EFTA (with Switzerland, Norway, Ireland and Liechtenstein), as well as free trade agreements with Turkey and Ukraine.