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DHL Guide > Global Trade Map

Thinking of trading internationally,
but not sure where to start?

Click on the highlighted countries below to find out key market facts and opportunities that will help you choose your next export destination.

Sources: The Economist, Ernst & Young, GOV.UK, IMF, McKinsey & Company, OECD, UKTI, World Bank


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Countries

Chile

Chile doesn’t just have the highest per capita GDP in Latin America and the Caribbean – regionally, it's also the easiest country with which to do business and the most free economy with 22 trade agreements covering more than 60 countries and blocs.

Chile is the UK's second largest export destination in Latin America and British goods exports to Chile reached £1.076 billion in 2013. More than 100 UK companies have direct operations in Chile, and even more are trading through local partners.


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> Opportunities in Chile

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Tanzania

Tanzania has experienced 6 to 7.8 per cent GDP growth every year since 2001 and is currently the ninth-largest economy in sub-Saharan Africa. 80 per cent of Tanzania’s population is employed in the agriculture sector, but Tanzania’s government is taking concrete measures to make the economy more diversified.

Britain is the largest foreign investor in Tanzania and several British businesses – operating in sectors including oil, chemicals, finance and business services – are doing business with Tanzania.


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> Opportunities in Tanzania

> Market Snapshot: Tanzania

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Turkey

Turkey is considered Europe’s sixth largest economy with close market access to the Mediterranean, Central Asia and the Middle East. By 2018, Turkey is predicted to be the world’s second-fastest growing economy.

Turkey is under negotiations to join the EU, there is a concerted effort to make it easy for EU countries to trade with Turkey. In 2010, Turkey and the UK signed a Strategic Partnership initiative for bilateral trade to reach £12 billion by 2015. More than 2,500 UK companies currently have operations in Turkey.


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> Market Snapshot: Turkey

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Peru

For the past decade, Peru’s GDP has almost doubled with more than 6 per cent growth per year on average – the highest rate in South America. Though rich in natural resources, Peru’s growth is mainly driven by fiscal and economic reforms with a focus on free trade. Peru has helped found the Pacific Alliance trade bloc and actively participates in Trans-Pacific Partnership negotiations.

The UK is the second-largest foreign investor in Peru and English is increasingly becoming the country’s main business language.


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Saudi Arabia

Saudi Arabia is the largest economy in the Middle East and the world’s number one oil exporter.

The country is the UK’s largest trading partner in the Middle East; in 2013, British goods exports to Saudi Arabia reached £4.2 billion. More than 6,000 British businesses already export goods to Saudi Arabia, and English is widely used as a business language.

The economy is continuing to diversify and Saudi Arabia’s government has launched major initiatives to improve the country’s infrastructure, healthcare, education and transport systems.


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> More information about exporting to Saudi Arabia

> Opportunities in Saudi Arabia

> How to trade with Saudi Arabia - Customs tips

> Market Snapshot: Saudi Arabia

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UAE

Since some of the world’s largest oil and natural gas reserves were discovered in the UAE in the 1950s, the country has evolved into an open economy with Free Trade Zones for international businesses and a highly developed infrastructure. Today, the UAE is a key regional gateway and is considered the easiest country for doing business in the Middle East.

In 2013, UK exports to the UAE were worth £5.8 trillion and more than 5,000 British companies are already operating in the UAE.


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Qatar

Extensive oil and gas reserves have allowed Qatar to become a stable, modern economy with the world’s highest per capita GDP. The Qatari government has further plans in place to be recognised as one of the most socially, economically and environmentally advanced societies.

Qatar is an important trade partner for the UK: in 2013, UK exports to Qatar reached £1.46 billion. Qatar has approximately £22 billion in investments in UK projects; these include Sainsbury’s, London Stock Exchange and the Shard.


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Indonesia

Indonesia, currently the biggest economy in Southeast Asia, has the potential to be the world’s seventh-largest economy by 2030. The country is rich in natural resources, and growth is further fuelled by high labour productivity and consumption, promoting steady population growth and continually rising employment rates.

Britain is one of Indonesia’s largest investors, and the countries have set a bilateral trade target of £4.4 billion for 2015 and established the Vision 2030 Group to further develop their business relationship.


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> Market Snapshot: Indonesia

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Japan

Japan is one of the world's largest and most developed economies with a highly entrepreneurial business environment both for large companies - 68 of the Fortune Global 500 companies are Japanese - and small and medium-sized enterprises, which make up 99.5 per cent of the country's business sector.

More than 450 British companies have operations in Japan, the UK's second-largest export market in Asia. Following reforms, Japan's economy is poised for further growth - which will be further fuelled by the Olympic Games coming to Tokyo in 2020.


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> Market Snapshot: Japan

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South Korea

South Korea, the world’s twelfth-largest economy, is currently aiming to become one of the top ten business-friendly economies in the world; by 2019, South Korea’s economy is set to be the tenth-largest contributor to world growth.

More than 150 British companies are already doing business in South Korea, and thanks to the EU-South Korea Free Trade Agreement the rate of duty on goods imported from the UK to South Korea is either removed or reduced.


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> Market Snapshot: South Korea

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Brazil

Abundant natural resources and a large domestic market have helped fuel Brazil's immense growth. The PAC/PAC-2 development programme has put the country on course to be the world's fourth-largest economy by 2050.

The British government is aiming for bilateral trade to be worth £4 billion by 2015. Rio 2016 organisers are especially eager to work with British companies with London 2012 experience - a niche with a potential of £1.2 billion in business opportunities.


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> More information about exporting to Brazil

> Opportunities in Brazil

> How to trade with Brazil - Customs tips

> Market Snapshot: Brazil

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Taiwan

Decades of economic growth have established Taiwan as one of Asia's most developed economies with strong trade ties to Japan, the US, Europe and – more recently – mainland China. Taiwan's large consumer market has one of the highest per capita incomes in Asia with a strong appetite for foreign goods.

Today, 300 British companies have operations in Taiwan and the countries hold regular bilateral trade talks such as the annual Taiwan British Business Council. The UK is Taiwan’s third-largest trading partner in the EU, and negotiations for an EU-Taiwan Free Trade Agreement are underway.


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> Opportunities in Taiwan

> Market Snapshot: Taiwan

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China

China’s economic growth continues to transform the world: already the biggest manufacturer, the country will soon become the largest market for consumer products as well as luxury goods.

China is the UK's main importer and a top 10 export destination for British goods. UK to China exports have almost doubled since 2009, and currently exceed £1 billion per month. The British government is committed to further improving trade relations with China and supports an EU-China free trade agreement.


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> More information about exporting to China

> How to trade with China - Customs tips

> Opportunities in China

> Market Snapshot: China

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Kenya

Kenya is East Africa's largest economy. The country's economic success is underwritten by a stable infrastructure and a strong private sector that developed under market-friendly policies – the region's most vibrant and dynamic according to the World Bank.

The UK is one of Kenya's biggest trade partners, and Britain strongly supports the country’s technology development programmes as well as its Vision 2030 roadmap for economic, social and political growth.


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India

With an urban middle class of over 250 million, India is predicted to be the world's third-largest economy and largest middle-class consumer market by 2030.

By 2015, the UK aims to double its bilateral trade with India. To achieve this goal, the British government is sending more trade delegations to India and establishing a network of local business centres to support British companies getting started in the country. The UK is a popular business destination for Indian companies expanding to Europe: of the 1,200 Indian companies operating in the EU, 700 are based in the UK.


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> More information about exporting to India

> Opportunities in India

> How to trade with India - Customs tips

> Market Snapshot: India

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Australia

Australia combines vast natural resources – high in demand with its neighbouring markets – with a well-developed manufacturing and services economy. Reforms since the 1980s have transformed Australia into an open and internationally competitive economy, and the country's trade policy supports liberalisation and increased business activity.

UK exports to Australia have grown by almost 80 per cent since 2007, and the countries' governments are continuing to work together closely to further reduce trade barriers.


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> Opportunities in Australia

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Russia

Russia's economic growth is fuelled by considerable resource reserves and a highly skilled, largely urbanised workforce. Today, the country has a strong consumer market with higher per capita incomes than any other BRIC and a strong demand for both premium products and affordable goods.

The UK is working with Russia to double British exports to £1 trillion by 2020 and initiatives are underway to ensure the UK becomes Russia's main EU partner in research and innovation.


Useful Links

> More information about exporting to Russia

> How to trade with Russia - Customs tips

> Opportunities in Russia

> Market Snapshot: Russia

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Nigeria

Nigeria is the most populous country in Africa and is on the verge of becoming the continent's largest economy. The country's growth was fuelled by oil, but measures for increased economic diversification and liberalisation are in place.

With increased spending power, Nigeria's broad domestic customer base is becoming more discerning with a strong appetite for British goods. The British government is highly supportive of UK businesses planning to enter this market: agreements are in place to cooperate in trade, energy and immigration.


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> Opportunities in Nigeria

> Market Snapshot: Nigeria

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Vietnam

Political and economic reforms have transformed Vietnam into a lower middle-income country with strong potential for growth: as China is increasingly diversifying its economy, Vietnam is set to become Asia’s new manufacturing hub. Plans to improve the general population's wellbeing through further modernisation and industralisation are underway.

The UK is supporting Vietnam's sustainable socio-economic development: cooperative projects include mitigating climate change, improving economic governance and expanding educational links between the two countries.


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> Opportunities in Vietnam

> Market Snapshot: Vietnam

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Colombia

Colombia has enjoyed a significant political and economic turnaround since the beginning of the century. In 2007, the country implemented a landmark programme to maintain growth through public–private partnerships. This cooperation has already removed investment barriers and furthered diversification, resulting in significant competitive advantages.

UKTI has designated Colombia as high growth market. The British government aims to at least double bilateral trade by 2015 and is supporting Colombia's goal to become a full Organisation for Economic Cooperation and Development (OECD) member.


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> Market Snapshot: Colombia

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South Africa

South Africa is Africa's largest and most advanced economy. Free trade agreements facilitate business with the EU, and the UK is in South Africa's 'Premier League' of business partners with over £9.6 billion in bilateral trade.

The UK and South Africa have similar business cultures as well as legal and financial systems. This, combined with South Africa’s strategic geographic location, makes the country an ideal gateway for conducting business in Africa.


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> New Opportunities for SMEs

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Mexico

With a rapidly improving infrastructure and burgeoning middle class, Mexico will soon close its income gap with the USA. Mexico is working to become less dependent on the USA and Canada for trade and is likely to have a GDP per capita comparable to Japan or Germany by 2050.

The British government is working closely with Mexico to double bilateral trade to £4.2 billion by 2015. Promising sectors include energy, infrastructure, advanced engineering, retail and education.


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> Market Snapshot: Mexico

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USA

The US economy continues to be one of the world's largest, most diversified and internationally connected: it accounts for 11 per cent of global trade and 20 per cent of global manufacturing.

Bilateral trade between the UK and the States is worth over £130 billion per year. EU and US officials are negotiating the Transatlantic Trade and Investment Partnership (TTIP) to further lower trade barriers, which is projected to deliver up to £10 billion a year for Britain.


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> How to trade with the USA - Customs tips

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Canada

Canada has one of the most advanced and reliable economies in the world and weathered the global recession comparatively well. In 2013, the World Economic Forum ranked the country's financial system as the world's most stable for the sixth consecutive year.

The UK is Canada's second biggest trading partner. The Comprehensive Economic and Trade Agreement (CETA) between Canada and the EU will remove trade tariffs and is projected to inject £1.3 billion into the UK economy.


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> How to trade with Canada - Customs tips

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Ghana

Ghana is one of Africa's most politically and economically stable countries. Since the 1990s, the country has experienced an average 5 per cent GDP growth per year.

Ghana, a Commonwealth member, is actively pursuing closer economic cooperation with the UK. Thus far, British exports to Ghana rose 21 per cent from 2011 to 2012 and the UK Government included Ghana in its High Level Prosperity Partnerships in Africa programme in November 2013 to further promote bilateral trade.


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European Union (EU)

The EU is a unique political and economic community which brings together some of the world's wealthiest and most influential countries. The Union plays an important role in international dialogues, where it promotes democracy and open trade.

The 28 member states, as well as European Free Trade Association (EFTA) members Iceland, Liechtenstein, Norway and Switzerland, have access to the Union's internal market with free movement of goods, capital, services and people. This makes trading with the EU a straightforward process for British businesses - traders who conform to UK regulations will generally meet EU requirements. The EU is a key market for the UK: in 2013, bilateral trade reached £365.8 million.


> More information about exporting to the EU

> Guide to trading in the EU

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Malaysia

Malaysia has increasingly evolved into a middle-income economy with a strong focus on exports. To maximise the country's economic potential, Malaysia's government implemented a National Transformation Programme to become a high-income developed nation by 2020.

Malaysia is the UK's second-largest export market in South East Asia, and the UK is one of the largest investors in the country. The countries agreed to double bilateral trade to £8 billion by 2016, and the British government is a strong proponent of a Free Trade Agreement between Malaysia and the EU.


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> Market Snapshot: Malaysia

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Hong Kong

Hong Kong is one of Asia’s leading financial centres and a Special Administrative Region of China. Its economic success is supported by a strong free trade policy where no tariff is charged on import or export. Accordingly, Hong Kong has been ranked as the world’s most free economy for the last 11 years.

A former British colony, Hong Kong’s business ties to the UK remain strong: over 300 British companies have a presence in Hong Kong and the region is the UK’s third biggest export market in the Asia-Pacific region.


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> Market Snapshot: Hong Kong

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Singapore

Singapore has been ranked the world’s best place to do business for 2014 by the World Bank – a ringing endorsement for the world's fourth-largest financial centre.

British companies are in an especially good position to trade with Singapore: the city-state, founded as a British trading colony, is the UK's largest trade partner in Southeast Asia. More than 1,000 UK companies have operations in Singapore, and the upcoming EU-Singapore Free Trade Agreement will make trading with the city state even more attractive.


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> Market Snapshot: Singapore

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