why Exporting to Middle East?
Since we started to publish articles related to business with Asia, “Can you tell me more about exporting to Asia?” ” why Exporting to Middle East?” has become one of the most common questions people address to our.
The Middle East region consists of 19 countries located on the continent of Asia, and many of these countries are profiting from oil exports and derivatives. Most Middle Eastern countries are importers of many items. Because of the growth in oil revenues, most leaders in these countries are thinking of industrial development and growth. This has further increased the need for them to import consumer and capital goods.
Middle Eastern countries supply more than 40 percent of the world’s oil. And only earned more than $ 400 billion in oil exports. This amount is exclusive to petrochemicals and some petroleum products. Countries such as Turkey, Saudi Arabia, Iran, the United Arab Emirates, Iraq are among the wealthiest countries in the market.
Most countries in the Middle East have a young population, and the needs of these countries will lead the leaders of the countries to move towards development and employment programs. Many young people in the countries of the region are interested in foreign brands. The manufacturing and agricultural sectors of these areas are facing high-cost problems because of their low productivity and high prices for domestic raw materials. This has caused that In the competition between imported products and domestic products, foreign brands are successful.
Currently, according to the development plans and investments in the following programs, many large and medium-sized companies tend to market the region.
Assuming that you have a product to sell, the next step is to get in touch with buyers. The main obstacles when sourcing potential buyers in Asia is the language. The English proficiency in Asian nations such as arabian countries is still very low . You’ll end up missing a lot of business opportunities if you don’t adapt your strategy to local conditions.
To communicate with the target market, you need people who have strong connections with major buyers and can market your products in the Middle East market.
Find out the foreign buyer
There are various ways to find Asian buyers. But first you must have an idea of what kind of buyers you want to target.The Middle East import market is based on relationships and specialized companies. If you want to enter this market directly, your marketing and entry time will be very high. But if you connect with expert companies, you can quickly enter the lucrative Middle East market.