Efic looks to understand current trends and issues within the Small to Medium Enterprise (SME) export market through ongoing research.
Our SME Exporter Sentiment research provides insights on current trends and issues in export markets.
In our latest SME Exporter Sentiment research, conducted in February 2016, we found that:
- SME exporters continue to be optimistic about the future, with 37.6% of exporting SMEs either positive or very positive about growth in the next year
- SME exporters are exhibiting longer term offshore growth ambitions, with 41.3% planning to establish new subsidiaries abroad from 2017 or beyond.
- Access to finance remains difficult with more than half of SMEs surveyed expect even greater difficulty for sourcing finance for overseas business activity in the next twelve months.
- One in four exporting SMEs view China as their most important market by revenue, ahead of the USA and India.
Read the full report published in April 2016 here.