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Eric Goldschein from Fundera discusses starting an import/export business, which remains viable regardless of the global economy. This industry encompasses a wide range of products, including capital goods, consumer goods, equipment, and food and beverage, collectively generating hundreds of billions of dollars. Trade has existed for centuries, enabling the distribution of international products like clothing from China and olive oil from Spain. If you have identified a potentially successful product for a different market, it’s time to explore importing or exporting it as a business opportunity. Different types of import/export businesses exist, such as export management companies (EMCs), which assist domestic businesses in selling to foreign markets.
