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Record breaking year for UK exports

UK exports

 

UK exports show no sign of slowing down as latest HMRC data shows every nation has broken its record for goods exports.

In the 12 months to Q2 2019, goods exports in:

  • England grew by 2.7% to £252.0bn
  • Scotland grew by 14.5% to £34.0bn
  • Wales grew by 6.8% to £17.7bn
  • Northern Ireland grew by 6.8% to £9.1bn

It is the 4th consecutive year that exports have increased in every UK nation

The data shows that the benefits of global trade is being shared amongst all parts of the UK, with businesses opening themselves up to new markets around the world. In the last year, demand for Scottish goods in China increased by 213.8% to £3.4bn while exporters in Northern Ireland saw overseas sales in the U.S. increase by 12.9% to £1.1bn.

At the same time, London and the East Midlands helped drive export growth in England, as exports grew by 10.1% to £40.5bn and 9.3% to £23.5bn respectively.

Secretary of State for International Trade, Liz Truss, said "Opening up new markets for British businesses across the country is a top priority of mine, and todays statistics show businesses are benefiting more than ever from global trade."

 

Source: Department of International Trade