Romanian SME’s that trade internationally are more confident and more likely to increase jobs: 50% of traders in comparison to 43% of non-traders are positive about their current business state. 70% of traders in comparison to 62% of non-traders are positive about their future business outlook, according to Future of Business Survey.
More traders than non-traders (26% vs. 14%) stated to have created jobs in the past 6 months and plan to create jobs in the future 6 months (49% vs. 32%).
For Romanian exporting SME’s, trade is at the core of their business models and success: Among exporting SME’s, 3 in 10 (35%) report that >25% of their revenue comes from international trade.
Exporters rely on online tools to trade internationally: Nearly half of exporting SME’s (43%) report that more than 75% of their international sales depend on online tools.
SME’s attribute growth – in revenue, resources, and employees – to their use of online tools to trade internationally: 59% of exporters agree that using online tools for selling internationally has increased their revenue.
However, international trade is a challenge to SME’s, and only a minority of SME’s trade internationally (25%).
Furthermore, more than half of exporters (55%) identified “selling to foreign countries” as a challenge.