What is Export? Understand the Definition & Benefits
Corporate Secretary Service Indonesia – Exporting is selling products from within the country to foreign countries to compete and make a profit. Exports only apply to companies that trade products. Everyone can export products from their home country to abroad, starting from small to large scale. According to the latest data from BPS (Badan Pusat Statistik), in September 2020, exports from Indonesia reached US$14.01 billion. This figure increased from August 2020 by 6.97% but decreased by 0.51% compared to September 2019.
Exporting can be the right choice to increase your income. However, the competition is wider than local or regional in the country. If you intend to export from Indonesia, let’s prepare your company to compete!
What is Export?
Exporting is the process of selling products produced in Indonesia and sent abroad. Export from Indonesia happen because the global market has various demands and needs quality products at affordable prices. Suppose Indonesian producers can produce them and meet the demands of foreign markets. In that case, they can ship the goods using procedures and fees determined by the Indonesian government and the destination country.
What are the Benefits of Exporting?
If exporting can indeed be an effective business strategy, then what are the benefits of exporting? There are five benefits that OCBC NISP pals need to know. Here is the review.
Broader market
If you are a seller, you will find a much broader market than selling your products in Indonesia alone. This market expansion can also increase revenue and enlarge your company.
Read Also: Get to Know More about ISO 22000, its Benefits and Requirements
State revenue
From the perspective of the Indonesian state, exporting is a buying and selling process that can add to the country’s foreign exchange. This is because exporters need to pay fees to the state, so the state will also benefit. The more that is exported, the higher the revenue.
Growing various domestic industries
With broader market coverage and potentially higher revenues, sellers can grow domestic industries and strengthen Indonesia’s economic strength.
Controlling the price of domestic products
When an item is produced easily and abundantly, it becomes cheap. Producers can export these goods and look for other markets abroad to optimize profits. Thus, domestic prices will also be boosted and more stable.
Raising the name of the Indonesian nation
Products circulating abroad will further increase the prestige of the Indonesian nation in the eyes of the world. This is because they will recognize Indonesia as a productive nation with a variety of quality export goods.
Don’t worry about developing your business by setting up a company in Indonesia, because Portcorp is here as a solution for your business, also when you need export from Indonesiaregistration. Portcorp is your comprehensive corporate secretary service in Indonesia. With our presence, you can get a dedicated company secretary to support you to what you need. Our company secretaries will track deadlines and file paperwork so your business keeps running smoothly. Contact us now on +6221-5020-8090 for your business succeed in the future!
