So what’s export Surplus:-

Let me start off with an example. Suppose you are a manufacturing business which has received a massive consignment for a product. Now, it is an industry practice that production runs at  5% higher than output required to meet for any contingencies/unforeseen circumstances. In case everything goes as planned, the buyer would accept only the amount as ordered by them and the extra units produced as a cushioning measure will now be sold at lower prices for you to grab on! Voila!

There are a few other reasons for Export Surplus to occur:-

Cancellation of shipments-In case shipments get delayed from schedule, they may be cancelled. These products then form export surplus.

Meeting specifications-The colour shade, size measurements etc. are some of the variables that vary in different countries. Sometimes, an inconsistency in these matters might lead to cancellation of orders.

The manufacturers then look towards the open market to sell off their products as quickly as possible to generate some amount of liquidity.

What’s there for you to gain?

Everything, actually! Since the products were made for export purposes, buyers can be completely sure of the high standards of quality maintained. Furthermore, the low prices they are offered at makes the deal a can’t-be-refused one. Lastly, these are products from some of the best brands the world over. Need we Say more?