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Small Business Interest in Exporting On the Rise

Small Business Interest in Exporting On the Rise

More and more small businesses are branching out overseas, a new study finds.

Research from the National Small Business Association and its international trade arm, the Small Business Exporters Association, revealed that 64 percent of all small businesses have sold merchandise or services to a customer outside of the U.S., up 12 percentage points since 2010.

In addition, there has been a marked increase among non-exporters considering expanding into the international marketplace. The study found that 63 percent of non-exporters are interested in starting to export their goods or services, up from 43 percent three years ago.

"The growth we're seeing in small-business exporters underscores a broad change in attitude about exporting," said National Small Business Association Chair David Ickert of Air Tractor Inc. "Not only are small businesses seeing growing opportunities available to them via exporting, they increasingly view their goods and/or services as valuable in a global marketplace."

The research found a significant drop among non-exporters who said lack of goods or services to export was their main barrier to selling internationally. Today, the small business owners surveyed said their top obstacle is a lack of information and an unclear understanding of where to start.

The study revealed a number of benefits for those small businesses that are currently exporting, including increased sales and profits, a diversified customer base and increased stability in the light of U.S. economic difficulties.

The research was based on surveys of more than 500 U.S. small businesses.

Follow Chad Brooks on Twitter @cbrooks76 or BusinessNewsDaily @BNDarticles. We're also on Facebook & Google+. This story originally published on BusinessNewsDaily.

Chad  Brooks
Chad Brooks

Chad Brooks is a Chicago-based freelance writer who has nearly 15 years experience in the media business. A graduate of Indiana University, he spent nearly a decade as a staff reporter for the Daily Herald in suburban Chicago, covering a wide array of topics including, local and state government, crime, the legal system and education. Following his years at the newspaper Chad worked in public relations, helping promote small businesses throughout the U.S. Follow him on Twitter.

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