Trading internationally can be a sound, long-term, viable proposition if you have a wanted product that is properly priced, carefully distributed and promoted to a well-researched market.
A government department, Statistics New Zealand provides monthly, quarterly and annual import and export information. This includes the value and quantity of over 13,000 products, and where products are imported from and exported to.
Trading internationally can be a sound, long-term, viable proposition if you have a wanted product that is properly priced, carefully distributed and promoted to a well-researched market. Export marketing is not dumping your surplus inventory on an unsuspecting buyer overseas. Nor is it a device to create cash flow from unwanted products and services. While such actions may save you from short-term financial disaster, they are not the basis for creating long-term markets or business relationships.
Importers and exporters face a wide range of potential risks. For exporters, there is the possibility of not receiving payment, in part or in full, for goods they properly dispatched. Common reasons for non-payment include damage to the goods, insolvency of the purchaser, or unwillingness of the purchaser to pay. The major risks for importers are that they will pay for goods but not receive them, receive them in a damaged condition, or only receive them after significant delay.
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Cameron Gordon is International Manager at the Auckland Chamber of Commerce. The New Zealand Chamber of Commerce network provides advice and services to importers throughout the country. If you would like advice about importing goods into New Zealand contact: int@chamber.co.nz