What data and stats do you need to know in order to identify profitable nations in which to export.

To identify profitable nations in which to export, there are several data and statistics that you need to consider. Here are some key factors to analyze:

1. Market Size: Look for countries with large market sizes to have a higher potential for profit. This information can be obtained by referring to population data.

2. GDP and Economic Growth: Analyzing the Gross Domestic Product (GDP) of a country is crucial to understand its overall economic strength. Additionally, consider the country's economic growth rate, as it indicates the potential for increased demand and purchasing power.

3. Import Demand: Evaluate the import demand of a country in the specific industry or product category you are interested in. Countries with a high import demand for your product can be more profitable.

4. Trade Agreements: Research the trade agreements that a country has with your home nation or other countries. Favorable trade agreements can provide certain benefits and reduced trade barriers, making exporting more profitable.

5. Tariffs and Trade Restrictions: Understand the tariffs and trade restrictions imposed by the target country. High tariffs or complex trade regulations can make exporting less profitable.

6. Competitiveness: Assess the competitive landscape and the potential for your product or service to stand out in the target market. Consider factors like local competition, pricing strategies, and unique selling points.

7. Consumer Buying Power: Analyze the purchasing power and income levels of the target country's population. This information helps identify if your product or service is affordable and aligns with the local market.

8. Cultural Considerations: Understand the culture and preferences of the target country's consumers. Adapting your product, marketing strategies, or business practices to match local preferences can increase profitability.

To access this data, you can refer to various sources such as government trade departments, international organizations like the World Bank or the International Monetary Fund (IMF), market research agencies, or economic publications. Additionally, private consultancies or trade organizations may provide tailored reports and insights specifically focused on export opportunities in different markets.