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Value of UK trade exports rise over £2 billion since Brexit

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New data has shown how the value of UK exports globally have risen since Brexit. 

Figures from The Office for National Statistics detailed how exports to the EU rose 7.9% in July this year, worth £1.3 billion. Exports to non-EU countries also grew by 5.4% and £800 million. 

Despite difficulties for UK exporters trading with the EU following Brexit, growth was seen this summer thanks to higher demand and increased exports of fuel, machinery and transport equipment. 

The UK’s GDP also saw a small uplift of 0.2% during that time, despite an increasingly difficult economic situation for both the UK and EU nations as the recovery from Covid was halted by Russia’s invasion of Ukraine. 

Business Brexit wounds still evident

Despite strong trade growth this summer, the picture for UK businesses has been difficult since the UK’s departure from the European Union and, in particular, the Single Market. 

Read more: One in three UK exporters have stopped international trade activity

Since the departure, 33% of UK exporters have ceased export activity with the EU bloc with most blaming a new raft of red tape and increased costs of doing business. 

If your business is struggling in the post-Brexit trading environment, then here at Go Exporting, we can help. 

Download our free guide on 7 Key Changes to UK-EU Trade Post-Brexit right here.

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