Why do companies that export have more success?

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Did you know that companies that export have more success than those that don’t? This is a fact that has been proven many times by numerous financial analysts and many economists.

Today we will outline a few of the points that explain the success of SMEs that make the decision to export internationally, more specifically to the United States.

Factories that generate higher revenue

It is proven that exporters produce more profits at the end of the fiscal year. It is definitely a development strategy that allows SME manufacturers to source new growth possibilities and, by the same fact, increase their revenues. Thus, exporting is truly a considerable success factor.

 

SMEs that experience a boost

According to a study conducted by Industry Canada (2015), manufacturing SMEs that decide to export as part of their growth strategy often have access to new markets and can even stimulate their growth at the international level.

More productive industrial firms

According to Export Development Canada, firms that export can increase their productivity by more than 30%. And because these firms are obliged to meet increasingly large international orders, they must optimize their processes. Their effectiveness experiences great improvement.

 

More innovative manufacturers

Manufacturing firms that export are more open to adopting new technologies or processes. They are involved with new business ideas and methods on an ongoing basis. Thus, it is easier for them to integrate these new concepts into their Quebec production lines, allowing them to improve their performance and bottom line.  

Companies that dominate the market in the long term

Exporting is a strategy that enables companies to grow, but mainly to enter a new market.

Again, according to Export Development Canada and Industry Canada, balance sheets prove that an industrial SME will be more sheltered from economic fluctuations if it has export activities and has been able to diversify its markets.

 

Competitive manufacturing companies

Manufacturing firms that export benefit from economy of scale while being more efficient, which is undoubtedly a major benefit.

In other words, statistics show that by being more growth-oriented, SMEs that export naturally win more market share internationally, and are also recognized for their ability to innovate and their capacity to hire.

 

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