Data released today by HMRC (6 June) shows every UK nation recorded a greater value of goods exports in the 2018/19 financial year than ever before.
This highlights how the UK’s recent surge in exports is not driven by a single region, but is rather, a nationwide phenomenon as businesses tap into the growing demand for British produce across the globe.
In the 2018/19 financial year, goods exports from:
- England grew at 3.0% to £251.9bn
- Scotland grew at 12.9% to £32.8bn
- Wales grew at 7.5% to £17.7bn
- Northern Ireland grew at 4.4% to £9.0bn
All of the UK nations have now recorded at least 3 consecutive financial years of goods export growth, illustrating the consistency of the success of exporters up and down the country.
The number of businesses across the country exporting has also increased, with 110,831 businesses exporting goods in the first quarter of 2019, 5,073, more than during the same period last year. In fact, there are now more businesses exporting goods in every UK nation than ever before.
Secretary of State for International Trade & President of the Board of Trade, The Rt Hon Dr Liam Fox MP said:
Whether it is an exporter in rural Derbyshire or the Scottish Highlands, people and businesses across the world want to get their hands on British goods at unprecedented levels.
The data released today pays homage to the hard work of people working in British businesses up and down the United Kingdom, who are now exporting their goods on unprecedented scales.
I am delighted that exports continue to grow in every part of the UK, this shows we are working for every corner of our country and are not led by 1 region alone.
I encourage businesses who are considering exporting for the first time to treat today’s news as evidence of the vast economic opportunities selling overseas offers, and that the Department for International Trade stands ready to help.
- June 6, 2019 at 11:14 am by Editor (displayed above)
- June 6, 2019 at 11:14 am by Editor