Why Export? Six great reasons, the last two are surprising…here is the fifth of the six and the first surprise!

EXPORTING SPURS INNOVATION

Many companies become more competitive after they begin

exporting.  Within two years of exporting, companies file seven times the number of patents and deliver four times the number of new products as compared to peers who do not export. As employees travel, they are exposed to more new knowledge, which the employees then turn into new ideas and products

Source: Salomon, R. M. and Shaver, J. M. (2005), Learning by Exporting: New Insights from Examining Firm Innovation. Journal of Economics & Management Strategy, 14: 431–460.