Government procurement data can be a valuable resource for export agencies looking to expand their business and identify new opportunities in foreign markets. By understanding the types of goods and services that various government agencies are purchasing, export agencies can gain insight into the needs and preferences of different countries and tailor their offerings accordingly.
One way that export agencies can use government procurement data is by identifying which products and services are in high demand in a particular market. For example, if a government agency in a foreign country is making large purchases of construction equipment, it may indicate that there is a strong demand for such equipment in that market. Export agencies can then target their sales efforts towards that market, offering a range of construction equipment to potential buyers.
Another way to use government procurement data is by identifying potential partners and suppliers. By tracking the companies that are winning government contracts in a foreign market, export agencies can identify potential partners and suppliers that they can work with to expand their business. This can be especially valuable for small and medium-sized enterprises that may not have the resources to conduct extensive market research on their own.
Government procurement data can also be used to identify trade barriers and regulations that may be affecting the ability of export agencies to do business in a particular market. By tracking the types of goods and services that are being procured by government agencies in a foreign market, export agencies can identify any barriers or regulations that may be affecting their ability to sell their products or services in that market. This can help export agencies to work with government officials and trade organisations to remove those barriers and increase the opportunities for exporting.
By understanding the types of goods and services that various government agencies are purchasing, export agencies can gain insight into the needs and preferences of different countries, identify potential partners and suppliers, and identify trade barriers and regulations. This can help export agencies to increase the opportunities for exporting, and to become more competitive in the global marketplace.
At Spend Network, we have government procurement data for more than 150 countries globally. We take the hard work out of collecting, organising and analysing procurement data at scale. Get in touch to find our more about our data products and services.