The International Trade Administration (ITA) has released their new Market Diversification Tool (MDT) that can help you identify potential new export markets using your current trade patterns.
Just enter what products you make and the markets to which you currently export and the MDT crunches the numbers to rank potential markets you may want to consider. It brings together a host of product-specific trade and tariff data and economy-level macroeconomic and governance data to provide a picture of which markets make sense for further market research.
MDT takes basic information from exporters and uses 11 different indicators to run calculations on those inputs in order to produce a ranked list of recommended markets with scores for each country. The ranked list can prepare exporters for more in-depth research and find partners in new markets.
Visit https://www.export.gov/marketdiversification to access the tool and sign up for a free webinar on how to use it. For additional information, please e-mail email@example.com.
Contributors and Writers are members and associates of the MD/ DC District Export Council. The views expressed do not necessarily represent the opinions of the MD/DC DEC.