UK Exports have risen for a 32nd consecutive month on a 12-month rolling basis, worth £630 billion in the year to November 2018 according to data released this month from the Office for National Statistics.
The continued growth has seen an additional £13.9 billion in value added to UK goods and services exports.
There was marked export growth to territories where the UK has the potential to negotiate free trade agreements in the future too, including the USA, New Zealand, Australia and the Trans-Pacific Partnership zone.
Exports from November 2017 to November 2018 grew by 6.9% o £54.9 billion with the USA, up 2.9% to £5.1 billion in Australia, 3.8% to £869 million with New Zealand and up 4.22% to £28 billion within the CPTPP. Export sales to other markets including Nigeria, India and Thailand also grew by 29%, 27% and 19% respectively.
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International Trade Secretary, Liam Fox, said of the latest set of export figures that: “Today’s statistics once again show UK businesses are exporting with more confidence than ever before, as total Exports Rise to a record high of £630 billion.
“As my colleagues and I have witnessed on ministerial visits up and down the country, businesses are simply keen to continue meeting demand for their produce from all corners of the world.
“As we start the new year, I encourage all businesses to mark 2019 as a year for overseas expansion.”
If your business is looking to start exploring export opportunities or enhance current international trade operations, Go Exporting can help. Find out more about our export consultancy.
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