Exports growth in East Midlands the highest of the UK regions

Date posted: March 11, 2019
Share
An aeroplane being loaded full of parcels

The number of VAT-registered businesses invested in goods exports across the UK has increased to 110,800, an increase of over 1,000 since this time last year

Published by HMRC, the figures also reveal that in 2018 compared to 2017:

  • Exports of goods from England increased by 2.1% to £248.6 billion
  • in Scotland, goods exports increased by 5.6% to £30.3 billion
  • in Wales, goods exports increased by 4.2% to £17.2 billion
  • in Northern Ireland, goods increased by 1.9% to £8.9 billion

Businesses have seen an increased appetite for UK goods from non-EU countries, with the number exporting to these countries in the last quarter rising by 1.3% to 49,900.

The most popular non-EU destination was the USA, where 20.2% of exporters sold goods to, Australia (7.7%) and Switzerland (7.6%).

When comparing 2018 to 2017, the strongest growth in goods exports within UK regions came from East Midlands, which saw the greatest rise in value (up 7.9%) followed by Yorkshire and The Humber (up 7.8%) and Scotland (up 5.6%).

In the final three months of 2018, the average value of goods exported in the UK per exporter was £780,000.

View the full report here.

Share

Keep Updated

Latest News & Events

QEB March 24 Graphic for news story20

Digital

Mar 22 2024

Digital and technology clusters and skills in the Midlands discussed in the latest Quarterly Economic Briefing
Read more
Sir John Peace, Sarah Windrum and others at the groundbreaking ceremony in high vis jackets

Economic Opportunities

Mar 27 2024

Construction begins to create new innovation facilities at MIRA Technology Park

In a groundbreaking ceremony attended by Midlands Engine Chairman Sir John Peace, Plot 9 at MIRA Technology Park officially began construction, serving as the inaugural building in this transformative stage.

Read more
Dr James Cowan and Dr Caroline Livingstone at the STEP community event

Green Growth

Mar 8 2024

New online tool launched to develop the vision for STEP Prototype Fusion Energy Power Plant

A team from UK Atomic Energy Authority (UKAEA) has launched a new online tool to support the development of the STEP (Spherical Tokamak for Energy Production) vision for West Burton site, where the prototype fusion powerplant will be built to demonstrate net energy from fusion.

Read more
An electric vehicle charging

Subscribe to Midlands Matters, the newsletter of the Midlands Engine