International trade is the exchange of goods or services for money between countries; foreign direct investment is investment by a business in another country for the purpose of trade, which could be domestic or international. However, there are many ways in which you can ‘internationalise’ your business.
None are mutually exclusive – you can start with one method and then progress later to another if you think that might be advantageous and, indeed, might combine them. For example, you might set up a wholly owned subsidiary in another country, which then imports your products and sells them in that country, perhaps then expanding to export from that country as well. In this short factsheet, we list several possibilities for you to consider further.