Improve Your Business and Your Bottom Line
Expanding into international markets allows your company to increase sales and profits. It also offers:
- Increased potential for long-term growth
- Reduced vulnerability to fluctuations in the domestic market
- Greater economies of scale
- Larger sales base with which to offset investments in research and development
- Improved productivity and innovation from exposure to different technologies, processes, and cultural environments
- Easier access to labour and materials through international supply chains
Ideal Global Location
Most British Columbia exporters focus on the U.S. market, which receives 54 per cent of all our exports. But our strategic location gives us additional international potential. We have the shortest sea route between North America and Asia and a world-class port system. The international trade market is growing, and container traffic is expected to continue increasing across all West Coast ports. Our ongoing investments in transportation infrastructure will continue to support exporters.
British Columbia businesses are taking advantage of our streamlined access to Asia. We exported an average of $3.7 billion worth of goods and services to Japan each year from 2007 through 2016. Over the same time period, emerging markets in Asia have seen enormous growth. For example, British Columbia businesses exported more than three times as much to China and almost twice as much to South Korea in 2016 as in 2007.
Opportunities for Businesses of all Sizes
These export opportunities are not just for large corporations. In fact, 86 per cent of British Columbia exporters are companies with fewer than 50 employees. In some cases, smaller companies have the advantage of more easily tailoring their products for niche markets.
As a group, small businesses generated $15.8 billion in exports – 42 per cent of the total value of goods exported from British Columbia in 2015.
From natural resources such as natural gas and metallic mineral products to knowledge-based industries like software and digital media, businesses in many sectors are finding export opportunities.
British Columbia participates in trade shows and business-to-business events around the world. We also establish trade and investment representatives in all of our key markets in:
We constantly seek out new opportunities to help businesses increase their exports.
The government of Canada supports exporters through trade agreements such as the North American Free Trade Agreement (NAFTA) and the Canada-Korea Free Trade Agreement (CKFTA), and by negotiating new agreements to open additional markets and make exporting easier and more cost-effective. The federal government also offers several trade incentive programs to help you start exporting.
Learn more about trade agreements
Find out about trade incentives programs
Did You Know?
- China is poised to become the world’s largest economy, set to surpass the United States in market size by 2030.
- India – is positioned to become the world’s third-largest economy by 2030 and has a middle class 16 times the size of Canada’s population.
- Japan is the third-largest economy in the world today by nominal GDP and British Columbia's most important trade partner outside of North America.
- Korea is a developed and dynamic economy with strengths in technology, manufacturing, and knowledge-based services.