Earlier this month we were delighted to join Business Wales for a webinar all about exporting to The Netherlands.
The Netherlands is already a top-10 trading partner of the UK, with high demand for UK goods and services.
The region also has great potential as a gateway into the EU, though the nation itself is already the 5th largest economy within the Eurozone with Rotterdam ranked as the biggest port in Europe.
Intrigued? Learn more by watching the webinar below.
View more Business Wales free webinars and resources here.
Learn more about how Go Exporting can help open a world of opportunities for your business with our international trade consultancy services.
More than half of exporting businesses within the UK say they’re unconfident with current customs documentation and procedures.
According to a poll of 330 exporters as part of an IOE&IT webinar event, just 49% said they did feel confident, whilst just 5% said they felt ‘very confident’ with their understanding of the new trading arrangement with the EU.
There was further bad news on trade with Northern Ireland too, with just 4% of attendees saying that the new Northern Ireland Protocol had benefited their business.
“Changes that have been introduced can be quite difficult to navigate”
The new rules for trade between the UK and EU, as defined by the EU_UK Trade and Cooperation Agreement in the wake of Brexit, had been hailed as a great benefit of the UK’s departure from the European Union and Single Market.
However, exporters have been faced with increased paperwork, procedural requirements, costs and delays.
And worryingly for the future of UK exports, more than half of those attending the IOE&IT webinar stated that they didn’t feel they had the knowledge to benefit from the UK’s current and future trade deals – including new free trade agreements with new and emerging markets which the government is actively working to pursue.
The issue that presents for UK firms, as well as the economy as a whole, is that export volumes may continue to decline compared to where they could have been had Brexit not have happened, as SME firms struggle to capitalise on new global opportunities for trade.
Suzanne Alecrim of the IOE&IT said of the poll results that: The changes that have been introduced can be quite difficult to navigate, so I can understand why some traders aren’t too confident.”
And confidence, as we’ve seen from the recent upheaval following the now infamous mini-budget, is critical to business, markets and economies.
What exporters can do
One of the greatest challenges to any business is successfully mitigating and growing through periods of change, and Brexit saw huge upheaval for both importing and exporting firms across all sectors. New procedures and requirements forced new ways of working, new knowledge and extra processes to upskill in – not something which every exporting firm can easily accommodate.
At Go Exporting, we’re helping businesses to adapt and thrive in the new trading arrangement with the EU through our customs and compliance reports.
What processes do you need to follow? Do you need licences or approvals? Is there any duty or quotas? Is there a Free Trade Agreement in place? Rules of Origin to consider?
Our customs and compliance report covers all aspects of your trade with a specific country or trade bloc – including the EU.
Learn more about how we can help your business grow internationally here.
The majority of exporters in the UK don’t understand the principles behind the government’s future plans to digitise international trade.
According to a poll during an IOE&IT webinar last month, just 13% of participants on the call understood key terms to do with the digitisation strategy, including ‘single trade window’ and ‘ecosystem of trust’, and aren’t currently making preparations surrounding the 2025 Border Strategy.
Deputy director of the IOE&IT Academy, Vicky Payne, said it wasn’t a surprise that such a low number were aware of upcoming changes to UK export rules and procedures, saying that: “They’re new terms for traders and anyone involved in international trade to get used to.
“It is new to people, but you need to start following government updates about programs like the Single Trade Window because it will become more important going forward.”
The digitalisation of trade is expected to add around 1% to UK GDP with over £200 billion in efficiency savings according to the International Chamber of Commerce, but with all the upheaval surrounding Brexit and businesses having to adapt to a new trading environment with the EU, it’s no surprise that exporting firms are yet to look further down to locate new challenges.
Read more: Irish trade re-focuses on EU markets, away from GB
However, both the single trade window, and ecosystem of trust, could really help exporting firms mitigate some of the additional red tape, costs and delays seen in the wake of Brexit by helping to streamline and standardise processes.
Whilst UK trade bodies believe that a potential functional launch date for the scheme of 2027 is doable, 40% of those attending the IOE&IT webinar said that lack of internal IT skills and resources would be a major stumbling block to adopting any new trading system, though over half said it would benefit speed and efficiency of international trading operations.
Data from Dublin Port has shown how trade volume into Great Britain has fallen since Brexit, whilst exports into the EU have grown.
From January to September last year, overall port throughput fell 3.3% compared to the year before, whilst imports saw a small 0.4% rise.
CEO of Dublin Port, Eamonn O’Reilly, noted that there has been a switch in trade activity since Brexit.
He said: “After nine months, the impact of Brexit on the profile of Dublin Ports’ trade has become clear with volumes on unitised services to Great Britain declining by just over one-fifth while volumes on services to Continental Europe increased by more than a more a third.
“Because of this, our unitised volumes are now split 50/50 between GB ports and ports in Continental Europe. Before Brexit, GB ports accounted for almost two-thirds.”
This shift in the direction of trade activity is having a negative impact on the port, with the volume of trailers moving through the port reducing. Almost 60,000 driver-accompanied loads that would have been expected before Brexit are now going through as unaccompanied trailers.
Read more: UK-EU trade flows down a fifth against no-Brexit expectations
O’Reilly commented further: “This is bad news from a port capacity perspective.
“Our interpretation of this is that the average size of a load in a single container or trailer has reduced because operational efficiencies which the Single European Market had facilitated in trade with Britain has been removed because of Brexit.”
Get post-Brexit trade support
If your business is still working to adapt to the post-Brexit trading environment, Go Exporting can help. Our free post-Brexit planning checklist is a great place to start with ensuring you have everything in place to best mitigate – and look to take advantage of – the new trading arrangement.
For strategic support and advice, learn more about our Brexit consultancy services.
A new study has highlighted how UK exports have suffered a big hit in the wake of leaving the EU.
A report from the Economic and Social Research Institute showed a substantial reduction in the number of products traded, with activity between the UK into the EU down 16% against expected levels before Brexit.
Things are even worse in the other direction, with trade from the EU back into the UK down by 20% against a non-Brexit scenario.
However, the report did note that results vary depending on the data source and comparison used, highlighting the difficulty in definitively comparing the trading environment now against how it could have been if the UK had remained with the Single Market.
Trade levels have recovered most of their pre-2021 falls in terms of value, but remain a lot lower than would have been expected compared to the growth that the EU is seeing trading with other nations.
Export volumes from the UK around the world have continued to grow but at a slow rate, potentially as a spill-over effect from Brexit on supply chains.
Business groups have urged the government to do more to help remove barriers to trade that Brexit has created.
Growing through Brexit pains
Businesses around the UK have been struggling to adapt to the new trading environment with the EU, with more checks on goods and delays at borders putting pressure on costs and supply chains.
New data last month showed how almost half of UK exporters say they’re exporting to the EU less, though the situation is gradually improving as businesses adapt.
Issues with new compliance and regulations were cited as the main reason why UK exporters were facing difficulties, with 47% saying that compliance with the new rules was their primary problem, and one in three said new additional costs were hampering export efforts.
If your business has been negatively affected by Brexit and are looking at ways to mitigate any loss of international earnings, Go Exporting can help.
Our internal trade consultancy services have helped businesses of all sizes to expand their horizons and see growth in new international markets, finding where demand is strongest for their products and services, and creating winning launch strategies.
Learn more about how we can support your business to thrive in the international marketplace here.
We’re delighted to have been shortlisted for the Enterprise Nation Advisor Awards 2022 in the international trade category.
Enterprise Nation is a fantastic network that helps small business owners to grow their brands through freely-given expert insights, and Go Exporting CEO Mike Wilson regularly gives webinars on exporting and international trade to the network.
But now, we need your help!
To win the award, we need to gather as many votes as we can.
Can you help?
It takes just three minutes to vote for Mike and Go Exporting and you can do so here.
Thank you in advance!
Port of Dover authorities have warned they’re expecting another summer of disruption once the new EU border system is introduced.
Dough Bannister, CEO of the port, said that the new EU border Entry/Exit System, or EES, that’s set to be introduced in May next year could cause more delays.
Bannister commented that: “We need to see what the technology is going to be like and [we need] a sufficient amount of time to trial, test and train to use that technology before implementation.”
The system, which relates to the movement of people, will see the requirement for biometric checks for all non-EU passport holders (now including British citizens) to be registered the first time they enter an EU member state – including fingertips and photos.
Trials of the technology are taking place this month, though Bannister warned he expected the new procedures from May next year to take five times longer than current procedures – up to 10 minutes per vehicle.
“If the border gets sticky, it backs up very, very quickly.”
The impact of delays will also be felt by exporters shipping goods onto the continent with lorries destined for Europe getting caught up in the delays.
Read more: Almost half of UK exporters say they’re exporting to EU less, but situation improving
The Home Office has noted in response that it is working ‘to make sure passengers are prepared and do not experience unnecessary delays at the border due to new entry and exit system checks being introduced next year’.
Exports from UK businesses into the EU trading bloc are starting to recover following Brexit and the impact of Covid-19, but almost half of firms say total trading volume is still less than it was.
In a webinar hosted by Pail McComb of the Department for International Trade, data shared indicated that exports to the continent have increased 11% in four quarters to 2022, noting that ‘in overall trade we’re definitely seeing an increase, and the trend is in the right direction, but maybe the pace of recovery isn’t quite as quick as we would have wanted’.
Data from delegates on the webinar pointed to 45% saying that their exports to the EU had been negatively impacted, with a quarter saying things were about the same as before Brexit. Just 3% said export volumes have increased over the period.
Watch the webinar in full below:
Issues with new compliance and regulations was cited as the main reason why UK exporters were meeting challenges, with 47% saying that compliance with the new rules was their primary problem, whilst one in three said new additional costs were hampering export efforts.
If your business has faced challenges exporting into the EU following the UK’s departure from the Single Market, then Go Exporting can help.
We have three free resources you can access right now to help check where you are right now, and to plan for the procedural and strategic changes you should be making to ensure your business can look to capitalise on the potential benefits of Brexit, as well as advice for EU firms looking to export into the British Isles.
Access our resources below:
This month we were delighted to join Business Wales to share more advice on exporting around the world.
This time, Go Exporting CEO Mike Wilson focused on the opportunity for UK exporters in Spain, with the latest information and advice on the Spanish market and the key benefits it presents for Welsh exporters.
Watch the video in full below:
Looking for more expert exporting content? Sign-up to the Expert Exporter Resource Hub, home to all the advice, both analytical and anecdotal, you need to master exporting, spot an opportunity and learn how to ask the right questions before starting.
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.
