Don’t let uncertainty stop you from expanding internationally. Coface’s solutions provide the support you need to turn export risks into business growth.
The UK remains one of the world’s leading trading economies, despite recent challenges like Brexit, the pandemic, and supply chain disruptions. British goods, including machinery, chemicals, and agrifood products, find strong demand in key markets such as the EU, US, China, and India. According to the latest ONS data, UK goods exports grew by £2.5 billion (2.8%) in the three months to August 2024, while service exports have shown consistent growth in sectors like finance and IT.
Why Exporting is Good for Business
With global economic growth forecasted at 2.5% in 2024 and 2.7% in 2025, now is an ideal time to expand internationally. Here’s how exporting can benefit your business:
Increasing Sales: 82% of businesses reported a revenue boost from exporting, and 81% said it strengthened their business, according to a 2023 survey by the Chartered Institute of Export and Alibaba.
Improving Productivity: Exporting boosts productivity by 21%, according to a London School of Economics study, as businesses gain insights from international partners and pursue innovations.
Prolonging Product Life: When sales slow domestically, new markets can extend a product’s lifecycle and maximize R&D returns.
Building Resilience: Expanding into global markets reduces dependency on local sales, making your business less vulnerable to domestic economic challenges.
Key Export Risks – and How Credit Insurance Can Help
Exporting offers immense rewards, but you need a risk management plan to capture them. Here’s how Coface’s export Credit insurance can help protect your business:
Non-Payment Risks: With 80% of companies facing payment defaults, export credit insurance is critical. Coface’s policies ensure you get paid, even if a buyer defaults, helping to safeguard cash flow and financial stability.
Supply Chain Disruptions: Recent events, like the pandemic and global conflicts, have shown how quickly supply chains can be affected. With insurance for export shipments, you’re covered for costly delays from events like natural disasters or industrial actions.
Local Market Challenges: Regulations, transport, and business customs vary across countries. Coface’s export Credit insurance solutions provide support and insights from a network of global experts, helping you navigate these complexities with confidence.
Political Instability: Geopolitical tensions can disrupt international business, but Coface provides timely updates on potential political risks, keeping you prepared for any impact on your target markets.
Turning Risk into Opportunity with Coface’s solutions
If you’re ready to grow your business internationally, Coface offers comprehensive solutions designed to turn risk into opportunity. Here are five ways we help you excel in global markets:
Researching International Markets
Access insights from Coface’s network of 700 experts worldwide. Our economic reports cover over 160 countries and 13 industries, helping you make well-informed decisions about market entry.
Trading Smarter with Business Information
Evaluate trade partners with our URBA360 platform, which combines business data, credit risk assessments, and real-time alerts on potential changes, helping you stay proactive about your partnerships.
Monitoring Ongoing Risk
Coface’s URBA360 platform provides a comprehensive view of your commercial risks. Use it to monitor companies in your portfolio with real-time notifications and expert analyses that keep you informed and prepared.
Protecting Your Export Business with Export Credit Insurance
Coface’s export credit insurance covers non-payment, debt recovery, and financial losses from natural disasters and political events. Tailor your policy to fit your business’s specific needs for confident global expansion.
Collecting International Debts
Our International Debt Collection service ensures your business remains financially secure across borders. With multilingual professionals on the ground in numerous countries, we handle collections even in complex legal environments.
Ready to see how Coface’s export insurance can drive your growth?
