Export opportunities in the Caribbean | QITO Q2 2019 | Tap into B2B e-commerce

Posted on 14/08/2019 by DHL Express

Growing export opportunities in the Caribbean

New analysis of HMRC data by the Department of International Trade shows that the UK exported £1.2 billion in the four quarters to the end of Q1 2019 to the Caribbean Community, an increase of 76.1 per cent from the four quarters to the end of Q1 2018.

Her Majesty’s Trade Commissioner for Latin America and the Caribbean, Joanna Crellin, said: “The Caribbean is an excellent entry point for SME exporters, offering opportunities covering a wide range of sectors from food and drink, healthcare, to security and defence.”

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Quarterly International Trade Outlook for Q2 2019 is released

The British Chambers of Commerce, in partnership with DHL Express, has produced its Quarterly International Trade Outlook (QITO) covering April to June 2019. The QITO report is designed to give British businesses a better understanding of dynamic new markets and the international opportunities they create.

The findings indicate that the balance of exporting manufacturers reporting their international sales increased stood at +14 per cent, down from +24 per cent in the same quarter last year. It also reports that 63 per cent of manufacturing exporters are more concerned about exchange rates than in the previous three months.

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How to tap into B2B e-commerce

You may think that business to business e-commerce is the online retail of standard office supplies and consumables like coffee, stationery or cleaning products. But it’s a lot more than that and believe it or not, B2B online sales are more than three times the size of what’s expected.

B2B e-commerce is growing, due in no small part to shifting demographics. Google found that even back in 2015 nearly half of B2B purchasing decisions were being made by Millennials. Read our guide and find out if you should be embracing the B2B sector.

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