5 Viable Import & Export Businesses To Start In 2017

As the world is becoming technologically advanced, global trade has become rewarding in terms of revenue and satisfaction. In case you too are thinking about starting a business of import and export, then here are a few business options to consider in 2017:

1. Garments

The scope of expansion in this business is tremendous, especially in Thailand. This is one of the oldest and the largest export industries. Regardless of the economy, the demands of clothing and fashion apparels are high. This is one of the most profitable business in Thailand and is growing continuously. As people have become more style conscious, the demands for garments is high. You can import clothes of latest design and trends from other countries and sell it in Thailand. You can source your materials from countries such as China, India, Hong Kong, Dubai etc. 

2. Smart Phones and Electronic Goods

Smart phones and electronic goods have a great market in Thailand. This country is tech savvy and the market of electronic goods is profitable in Thailand. The smartphone markets are too evolving fast in Thailand. You can export high-ends smartphones from China at a rate much cheaper than other countries. Apart from that, electronic goods such as laptops, LED TVs sell like hot cakes in Thailand. You can purchase many of these items in wholesale and then resell these products in Thailand.

3. Shipping Business

As international trade is expanding, the demand for shipping services is also rising. These are convenient, speedy and are reliable. Thanks to the expansion of online shopping, shipping services are growing by leaps and bounds. However, before you jump into this business, it is essential to do a thorough market study. The shipping service is highly competitive. Apart from that, you also must have a thorough knowledge of the import and export norms. In case you are in Thailand, it is essential to note the items that you can export and import. You must have a thorough knowledge of the legislation involved in operating the vessels in the ports of your country and foreign countries. Once you get an idea of these things, shipping business can be lucrative for you.

4. Importing Used Cars

This is yet another highly profitable business. With the improvement of the transportation system and the improving economic conditions, cars have now turned into a utility. People always need to buy new vehicles replacing the old ones. You can leverage this opportunity by turning this scope into a business. Irrespective of the country you reside in, you can always import and sell used cars. You can target developed countries such as the USA and the UK to import used cars and then selling them in your home country. In case you reside in the first world countries, you can even export these cars to developing nations.

5. Exporting Timber

The construction and furniture industry has a huge demand for raw materials and timber is one of them. Timber is a widely used raw material worldwide. However, you need to find the right market and then connect with the nations that produce timber.

We hope this list will give you ample ideas to start your export and import business. In case you are starting your business in Thailand, you will need an import license. If you are trying to get an import license in Thailand, call us at +66 26260277 and we will help you with the legal processes involved.