What are the benefits of Exporting for companies?

Probably you should know that companies export products and services for a variety of reasons. Exports can increase sales and profits if the goods create new market or expand existing ones. Companies that export spread business risk by diversifying into multiple markets. Exporting into foreign markets can often reduce per-unit costs by expanding operations to meet increased demand. What I want to mention is the following, companies that export into foreign markets gain new knowledge and experience that may allow the discovery of new technologies, marketing practices and insights into foreign competitors.