Are you looking for countries where export and/or import runs smoothly and effort as well as costs and risks are low?
The Elcando GmbH identifies the countries for your company with
and classifies them according to their risks and costs.
The result is
A successful company from The Gambia wanted to expand internationally at low risk and at low cost. However, the management was unsure of which countries to focus on. The company therefore had a Trading Partner Country analysis carried out for a selection of countries as the basis for the further business strategy.
The management of the Gambian company selected seven countries for the analysis:
Germany, United Kingdom, Belgium, Sweden, United Arab Emirates (UAE), India and the USA.
In the second step, the Trade-Risk-Index was calculated. For this purpose, a risk score for trade with the Gambia was determined for each country. Now the selected countries could be put in a clear order (see figure).
The most advantageous from a cost and risk perspective is trade between the Gambia and India. Here, about 1.75 times the production costs are to be recognized as long-term trading costs. The UAE and Great Britain are roughly equal in second and third place. The trading costs here are a good double of the production costs. Trade between the Gambia and Germany has the highest risk score. Here the trading costs amount to almost 5 times the production costs.
After completing the Trading Partner Country Analysis,
the countries Germany, Sweden, the USA and Belgium can be clearly excluded as trading partner countries due to the high risk score.