Export Market Research for Indian MSMEs: 7 Steps to Choose the Right Target Country

EXPORT GUIDE

Most first exports fail not because the product is poor, but because the wrong country, buyer or price was chosen. Research first, ship later.

By ARS Market Research Services, Chennai. For Indian MSMEs, manufacturers and traders.

7 stepsfrom product to target country
3 countriesshortlist, then pick one
0 guessescheck rules and price first

Why research before you export?

An export order ties up money for weeks in production, shipping and payment. If the buyer rejects the product, the duty is higher than expected or a competitor sells cheaper, the loss is large and slow to recover. A short market study before the first shipment is far cheaper than a failed container.

The 7 steps

1. Get your product code

Find the HS (Harmonised System) code for your product. Everything else, duty, rules and trade data, hangs on it.

2. Shortlist 3 countries

Look at where India already exports your product and where imports are growing. Use public trade data, for example from India’s trade statistics portal.

3. Check import rules

Duty, standards, labelling, licences and certificates required in each country. A good product can still be stopped at the port.

4. Study the buyer

Who imports, who distributes, who sells to the end customer? Importers, distributors, retail chains and online platforms need different approaches.

5. Compare competitors and price

What do competing countries and brands charge? Work out your landed price: cost, freight, insurance, duty and the buyer’s margin.

6. Test with buyers

Send samples and a short questionnaire to 10 to 20 genuine buyers. Their replies tell you more than any report.

7. Decide and start small

Choose one country, start with a small order, and use payment terms you can afford to lose.

A simple price check (illustration only)

Item Illustration
Ex-factory cost per unit ₹100
Packing, freight and insurance per unit ₹25
Import duty and local taxes ₹20
Importer and retailer margin ₹55
Shelf price the customer sees ₹200

If similar goods already sell at ₹150 in that country, this plan fails before it starts. That is the value of checking before shipping. These figures only show the method; they are not a forecast.

Where to get official help

The Directorate General of Foreign Trade (dgft.gov.in) explains the Importer-Exporter Code and export policy. Always read current rules there before you ship, because duties and conditions change.

Want a country shortlist for your product?

ARS Market Research Services runs desk research and buyer surveys that show which markets suit your product, what to charge and who to approach. Based in Chennai, working across India and with partners abroad.

WhatsApp 97899 76662Enquire on arsmrs.in

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