HOW TO CALCULATE WHERE TO EXPORT YOUR PRODUCTS? [TUTORIAL]

Day 1,530, 04:01 • Published in Serbia New Zealand • by Shone bate



NOBODY BUYS YOUR PRODUCTS IN YOUR COUNTRY! YOU WANT TO EXPORT THEM BUT YOU DON'T HOW TO CALCULATE THE PROFIT! THERE ARE 5 EASY STEPS TO FOLLOW.

I took the USA as a country where I want to export Q6 food from Serbia.
EDIT: If you know where to export, skip the first 4 steps and focus on step 5 where the calculation is explained.

FIRST, visit the economic page of the USA http://www.erepublik.com/en/country/USA
and check for Country trading embargoes, Import Tax and VAT



- Country trading embargoes shows which countries cannot export to the USA. In this case you can export from Serbia.
- Import Tax and VAT are the taxes that reduce your product value. In this case taxes for food are 15%.


SECOND, visit the USA market http://economy.erepublik.com/en/market/24/1/6


- Now you know that the price for Q6 food in the USA is 2.59USD.


THIRD, visit Serbian market http://economy.erepublik.com/en/market/65/1/6


- Now you know that the price for Q6 food in Serbia is 1.8RSD.


FOURTH, visit Monetary Market and check the ratio between gold-USD and gold-RSD.





- Now you know that 1 gold worth for 794USD or 617RSD.

FIFTH, a simple calculation can be made:



- Convert the USD price to the RSD price by using next equation:

USA true value [2.2522] * ratio USD/RSD [1.29] = 1.75RSD

1.75
this means that you would sell Q6 food for 0.0322 RSD less than on Serbian market.

DO NOT BE DISAPPOINTED, THERE ARE COUNTRIES WHERE A PROFITABLE EXPORT IS POSSIBLE, JUST SEARCH FOR THEM.

If you do not have a license, visit my article "Export your products. No license needed".

VOTE AND SHOUT IF YOU LIKED THIS TUTORIAL, THANKS 🙂

HOW TO CALCULATE WHERE TO EXPORT YOUR PRODUCTS?
http://www.erepublik.com/en/article/how-to-calculate-where-to-export-your-products-tutorial--1955870/1/20