In the survey that includes six key markets in the region, 22 per cent of exporting SMEs reported that they were growing rapidly, compared to just 11 per cent of SMEs that sell only in their home market.
In APAC, SMEs reported that exports generate an average of US$1.8m in revenue each year—the highest of the four global regions in the study. In certain APAC markets, this figure was far higher: Taiwanese SMEs generate an average of US$2.8m in revenue per year from exports, the highest level of export-driven revenue in the study, while Hong Kong SMEs came in second place, generating an average of almost US$2.6m.