Exporting News

Learn the latest exporting news and expert advice from our team of consultants. From advice on starting trading on the international stage to how to identify profitable markets, as well as the key exporting news you need to know about, we’ll be posting the content you need to read right here. 

UK exports outside the EU growing five times faster

UK exports outside the EU growing five times faster

Data from the Office for National Statistics have shown how UK firms have been capitalising on opportunities outside of the European Union over the last 18 months.  The figures show that in the year to September 2019, EU exports grew by 1.3% to just under £300 billion. Non-EU exports, however, grew 6.3% to £373.7 billion

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UK business confidence on the rise

UK business confidence on the rise

The confidence levels of UK businesses are slowly starting to rise after three years of political uncertainty – though investment caution remains.  The resounding majority delivered to Boris Johnson in the general election caused a sharp increase in directors’ confidence in both their own firms and the economy at large.  The Institue of Directors reported

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Global trade remains strong as international investment stutters

Global trade remains strong as international investment stutters

A new study has found that globalism is strong and well in the world of international business, despite a turbulent period of trade conflict and political separation.  The Global Connectedness Index (GCI), published by DHL, found that international flows were smoother than feared, with the annual barometer of global goods, capital, information and people flow

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UK SMEs confident of achieving 2020 aims despite Brexit uncertainty

UK SMEs confident of achieving 2020 aims despite Brexit uncertainty

The vast majority of small business owners say they’re confident of achieving their company goals in 2020 according to a new study.  The research, carried out by Vistaprint, quizzed 500 SME bosses on their primary goals for next year and their optimism for being able to achieve them.  And despite the ongoing Brexit uncertainty, the

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Exporting SMEs grow twice as fast as non-exporters

Exporting SMEs grow twice as fast as non-exporters

New research has uncovered small and medium-sized businesses trading internationally have grown at almost twice the rate as small firms selling within local markets.  The study, carried out by the government’s export credit agency, UK Export Finance, found that firms trading domestically experienced an 8.4% growth rate over the last five years, compared to 15.2%

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US imports from China drop 13% in 2019 as trade war continues

US imports from China drop 13% in 2019 as trade war continues

The ongoing trade war between the USA and China has seen imports into the US from China drop by 13% so far in 2019.  Tariffs were the primary cause of the decline on imports from China, with Vietnam proving to be the biggest benefactor with exports to the States increasing nearly 35%, primarily in the

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British manufacturers brexit exporting

Drop in sales for British exporters as Brexit uncertainty goes on

UK manufacturers are feeling the effects of a prolonged Brexit process as sales and orders drop into the negative, despite growth in the number of individual firms selling overseas. The British Chamber’s Quarterly International Trade Survey for Q3 2019 found that the percentage balance of manufacturers exporting internationally reporting order increases dropped from 9% to

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Number of exporting manufacturers on the rise

Number of exporting manufacturers on the rise

The number of manufacturing companies in the UK who are exporting goods has increased to the highest levels in over a decade.  Despite global trade difficulties, including within the EU, the Lloyds Bank UK International Trade Index has reported that over 81% of manufacturers exported goods in Q3 this year, up on Q2. That includes

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Brexit benefits for UK companies

Business Secretary gives 5 Brexit benefits for UK companies

The December election campaign is well underway in the UK with the two main parties set to pitch their financial agendas for the country today.  Triggered and still dominated by Brexit, the campaigns will also focus on some of the big areas that have had little discussion time in the last three and a half

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Boost in non-EU trade for UK firms

Boost in non-EU trade for UK firms

New data from the Office for National Statistics has highlighted increased demand for British goods outside of the EU in the run-up to October 31st, predominantly with the US and China.  Trade with non-EU countries is currently growing twice as fast as with EU member states, with data showing a 4.2% increase in exports to

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red tape brexit

No-deal red tape bill could cost £15bn

The cost of additional red tape and paperwork at the border in the event of a no-deal Brexit could reach as much as £15bn according to a new Government paper.  Filling in customs forms for trade between the UK and European Union would be just the tip of an iceberg of a ‘significant new and

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Recession fears in Germany as factory sales slump continues

Recession fears in Germany as factory sales slump continues

The slump affecting the German manufacturing sector has continued this year with new figures from Destatis revealing a 6.7% year-on-year sales drop compared to August 2018, marking nearly two years of continuous decline.  Factory orders dropped 0.6% compared to July, twice the shrinkage predicted by economists, albeit an improved performance on the previous month’s 2.1%

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brexit

Post-referendum investment drop costs UK economy £20bn

A drop in business investments since the EU referendum three years ago has cost the UK economy £20bn, according to new research.  Findings published in the National Bureau of Economic Research has found that Brexit has resulted in a 11% drop in investment whilst also claiming that productivity has taken a 5% hit as a

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Oil export costs surge as countries bolster stockpiles

Oil export costs surge as countries bolster stockpiles

Increased demand for tankers to ferry oil to Asia from the Gulf Coast has seen shipping prices skyrocket.  Less than a month following the drone attack on Saudi facilities at Abqaiq and Khurais which halved oil output from the region, prices had begun to settle somewhat. However, increased shipping costs are keeping prices high.  The

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New online tool launched for exporters to report barriers to trade

New online tool launched for exporters to report barriers to trade

The government has launched a new online tool to help identify barriers for UK exporting businesses.  The aim of the platform is to help the government’s own trade experts spot potential legal, regulatory, labelling, licensing or any other unnecessary barriers to trade which can then be worked on with countries around the world.  Once a

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£10 million Brexit readiness boost for UK businesses

£10 million Brexit readiness boost for UK businesses

Brexit is once again supposedly just weeks away. Whether it’s the new Prime Minister’s insistence that the UK will depart the European Union with or without the deal on 31st October, or the fact that Brexit Day now somewhat fittingly falls on Halloween, it could be that the months of uncertainty for businesses will be

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