Goods exports rise across the UK, new figures show

Figures published by HM Revenues and Customs (HMRC) indicate that goods exports have risen across the UK.
The continuous rise in exports will be welcomed by British firms who continue to find success in markets all around the world.
From the start of 2018 until June, the overall value of UK trade in goods exported increased by 5.4 per cent, while the overall value of total exports increased by 3.3 per cent.
The figures at the end of June 2018 revealed that there was an increase in exports across all parts of the UK.
In England, the export of goods increased by 4.3 per cent to £244.8 billion, while exports of goods from Scotland increased by seven per cent to £28.8 billion, Wales rose by 4.2 per cent to £16.6 billion and in Northern Ireland goods exports increased by 0.8 per cent to £8.5 billion.
These encouraging figures have a positive correlation with the Government’s Export Strategy which set an ambition to increase exports as a proportion of the UK’s GDP to 35 per cent.
International Trade Secretary, Dr. Liam Fox MP said: “The continued rise in exports across the country is fantastic news for Britain – driving job creation and prosperity across the UK. Our firms should look at these figures and be confident about the opportunities they have to grow their business overseas.
“People around the world want to buy British and, with the launch of our new Export Strategy, my international economic department has set out an offer for all businesses to ensure they are able to make the most of the global opportunities this presents.”
The combination of the HMRC records and the Office of National Statistics figures published last month paint a positive picture of UK exports in terms of goods and services, as well as a trade deficit that continues to narrow.
To ensure that the positive trend continues, Dr. Liam Fox will also launch a new task force to accelerate the Government’s Global Britain agenda at the meeting of the Board of Trade in Coventry.

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