Exporting to the USA
Advantages and challenges of exporting to the USA
Guide
There are advantages and also potential challenges for NI companies doing business in the USA.
Advantages include:
- world's largest market
- world's largest private sector
- low regulatory barriers
- minimal language barriers
- access to global supply chains that can lead to exports for other markets
- one of the most innovative consumer markets in the world
- productive and skilled labour force with high mobility
- ease of doing business due to similar business culture
- strong rule of law
You should also be aware of some challenges you could face when exporting to the US. It is a large market to do business in which can lead to some unique challenges.
Challenges include:
- vast regional differences between the 50 markets/states
- strong competition, causing saturation of products or services
- high customer service expectations
- high cost of living in major cities
- significant time difference (between five and eight hours behind)
- high cost for business insurance
- litigation is common
- expensive and time consuming process for work visas
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