Researching and selecting export markets
When it comes to exporting, going in blind is unwise. Successful exporters test a potential market first, researching and validating the market opportunity before they commit their limited business resources.
Research and Selecting Export Markets
Market research tool
This tool will help you figure out which market best suits your offering by making comparisons across elements like tariffs, opportunity, consumer wealth and competitors. It’s a great starting point if you’re looking to start exporting, or enter a new market.
I want to find out about trade shows or events overseasIf you’re looking for key trade shows in a particular market, you’ll find a lot of information about trade shows and events through online searches. There are several good online directories of international shows. We suggest 10times, EventsEye and Trade Show News Network (TSNN) as possible starting points.
It’s a good idea to also look up local or national trade promotion organisations in your target market. Many of them have online calendars of major events and shows.
Get in touch with any business councils or trade associations within New Zealand that deal with your target market, as they may have knowledge of good shows to attend (or ones to avoid).
Don’t overlook learning from other New Zealand companies - ask around within your networks for others who are targeting the same market and get their impressions on shows they have attended or visited before.
If you’ve found a trade show overseas that looks right for your business, you can also contact us to ask if there’s an official New Zealand stand or pavilion planned, or to get insights from NZTE staff and other companies’ experiences in previous years.
I want to find an in-market distributor for my businessNZTE doesn’t maintain lists of distributors for specific products and markets. We encourage companies to do as much of the initial search process as they can for themselves, while bringing in professional help where needed.
You’ll find useful information on researching, finding and selecting the right distributor for you in our Export Essentials guide to understanding your channel partner options.
I want to find out about regulations and tariffs for exportRegulations and tariffs should be one of the first things you find out before exporting. They often determine whether a market will be easy or hard for you to export to, or whether you should try to do business there at all.
Understanding regulations in your export destination is a must-do. For an introduction to what you need to think about, see our guide on understanding international compliance requirements. This includes tips on how to research regulations, as well as insights on local regulations, standards, health and safety, and dealing with local bureaucracy.
It’s a good idea to take a look at the rest of the international compliance process while you’re doing your work on regulations – see more information in our guide to understanding international compliance requirements.
If you’re planning to export food or food-related products, you should also check out the food exporting page on the Ministry for Primary Industries (MPI) website. MPI maintains a list of Overseas Market Access Requirements (OMARs) for New Zealand food products in different export markets – search and identify OMARs for your product online.
Tariffs can make your products more expensive and less attractive to overseas buyers, so you need to know the charges your products will attract before you commit to a new market.
You can get a big head start in finding tariff information by using the Ministry of Foreign Affairs and Trade (MFAT) tariff finder or the World Trade Organisation’s tariff download facility. You can search the databases by product name, but they work best when you know the approximate Harmonised System (HS) code for your product. HS codes are used by customs authorities around the world to identify products and apply tariffs. The longer the code is, the more precisely it describes your product. The first six digits of an HS code are usually the same worldwide – after that, there can be up to eight further digits, which often vary from country to country.
The (NTAU) can help you to find out the first six digits of your HS codes – call +64 4 473 6099 or email firstname.lastname@example.org.
To get a longer and more precise HS code for a particular market, look up and contact the local customs authority online, or talk to a customs broker or freight forwarder who has done business in that market.