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The phrase "overseas competitors" is correct and usable in written English.
You can use it when referring to businesses or people in other countries who are competing with you in some way. For example, "Our company is facing increased competition from overseas competitors."
Exact(53)
All three make good quality, even cutting-edge products — but so do their overseas competitors, usually at lower prices.
They all make good quality, even cutting-edge products — but so do their overseas competitors, usually at lower prices.
The newfound clout of Brazilian companies, particularly metals, mining and agricultural firms, means they are now buying overseas competitors.
Analysts said the repeated disruptions could prompt many travelers to abandon European flag carriers in favor of leaner and nimbler overseas competitors operating on the same routes.
Still, analysts warn that even a short hiatus in Japanese output, and electricity disruptions, is enough to give overseas competitors an edge.
It does not matter if the payments are considered routine and expected by local authorities, or if overseas competitors are paying bribes to gain business.
Similar(7)
He was sure an overseas competitor would get the work.
"There is nothing harder than, if you are the New York Times, getting beat on a big national security story — and to get beat by your biggest overseas competitor and your biggest national competitor, at the same time.
Boehner recently inaugurated a new Abbott factory in his congressional district while opposing changes to tax laws that allowed Abbott to purchase an overseas competitor in 2014 and turn itself into a multinational corporation to avoid U.S. tax payments (the tactic, known as an inversion, has come under increasing scrutiny).
But it, too, must battle Samsung Electronics and other competitors overseas, who are cutting prices to compete.
Since 2006, Mr. Frost's television home had been Al Jazeera English, one of the BBC's main competitors overseas.
More suggestions(15)
alien competitors
overseas athletes
international competitors
foreign competitors
foreign born competitors
overseas players
foreign owned competitors
overseas adversaries
overseas entrants
overseas competitions
overseas competitor
overseas contributors
overseas runners
foreign invested competitors
overseas competing
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com