Posted on 9 Sep 2019 by Jonny Williamson
UK exports show no sign of slowing down as the latest HMRC data shows every nation has broken its record for goods exports in the 12 months to Q2 2019.
UK exports have now grown for four consecutive years in every nation, with Scotland recording the fastest growth over the past 12 months.
In the 12 months to Q2 2019, goods exports in:
England grew by 2.7% to £252bn
Scotland grew by 14.5% to £34bn
Wales grew by 6.8% to £17.7bn
Northern Ireland grew by 6.8% to £9.1bn
The data shows that the benefits of global trade is being shared among all parts of the UK, with businesses opening themselves up to new markets around the world.
In the past year, demand for Scottish goods in China increased by 213.8% to £3.4bn, while exporters in Northern Ireland saw overseas sales in the US 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.
Since the EU referendum, overseas demand for goods has significantly increased in each UK nation when compared to the same three-year period before the Brexit vote.
Since July 2016, exports from England, Scotland, Wales and Northern Ireland increased by £104.8bn, £9.8bn, £7.6bn, £4.8bn, respectively.
Source; The Manufacturer