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

UK exports reach record high

The UK’s global exports reached a record £616bn last year with both goods and services seeing marked growth. Exports to non-EU countries in 2017 were valued a £342bn, 55% of total export value, with £274bn in EU exports. Good exports soared 13% to £339bn over the year, whilst services increased 7% to £277bn. Interestingly, key

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Evan Davis

Dragons’ Den host Evan Davis talks business and Brexit

Dragons’ Den presenter and economist Evan Davis says nobody really knows what direction business after Brexit will go and many are still waiting to see what Brexit actually means. In a radio interview with New Zealand-based NewstalkZB, Davis spoke extensively on Britain’s business uncertainty post-Brexit. The famed presenter and host of predominantly startup and SME

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Brexit exporting

UK SMEs planning to increase European exports despite Brexit

New research has suggested that British businesses are more optimistic about trading with the EU than last year, despite recent stumbling blocks surrounding Brexit. The survey, conducted annually by OFX, found that 62% of 500 business owners felt confident about doing business outside of the UK, with 46% of SMEs saying Brexit had no effect

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David Davis backstop

Businesses react to the week in Brexit

They say there’s never a dull week in politics, but it’ll take one heck of a week to top the one we’ve had so far. Within the last seven days, we’ve had the Chequers agreement, an agreed-upon way forward within the Cabinet. But just days later and we’re listening to a new Brexit secretary and

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export

Export partnerships growing fastest with China & Switzerland for UK firms

A new study has found that Britain’s fastest-growing export partners are Switzerland and China. The research, commissioned by Wyelands Bank, found that countries in the Asian Pacific dominate the growth charts with Switzerland topping the chart. Overall, China leads in terms of projected growth with an additional $886m in trade expected on-top of $24.6bn last

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british food

Strong appetite for British food and drinks overseas

It seems to be one of the longest running international jokes – Britain has bad food. That thinking may be true with tourists, but for international businesses, demand for British food and beverages is stronger than ever. In fact, global appetite for British food and drink has continued to strengthen by over 10% in under

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SMEs wary of exporting due to limited capacity & capability

SMEs wary of exporting due to limited capacity & capability

A new report from the Department for International Trade has found that a large portion of British small and medium-sized businesses aren’t open to exporting their products due to a lack of confidence in their own capacity and capability. The research, which quizzed firms with annual turnovers of over £500,000, found that smaller businesses are

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David Davis backstop

End date published for ‘backstop’ EU trade plan post-Brexit

(Photo: Robert Sharp / English PEN) An end date for a proposed ‘backstop’ plan for trade with the EU following Brexit has been published following a day of political turmoil at Number 10 after crunch meetings between David Davis and Theresa May. The backstop plan puts in place a proposal for a temporary customs arrangement

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Trump tariffs

Trump tariffs signal start of trade war

US tariffs on imported steel and aluminium have come into force, affecting EU, Canadian and Mexican markets. The tariffs, which were originally announced in March this year but delayed in implementation for some US allies, officially came into effect from 1st June with US commerce secretary Wilbur Ross confirming a 25% tariff on steel and

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japan exports

Japan exports rise for 17th-straight month

Increasing global demand has seen Japan’s exports rise for what is expected to be the 17th month running to April this year. With final performance to be confirmed, initial data suggests that exports grew over 8% last month compared to April 2017 and a 2% increase compared to March. Trade surplus, as a result, reached

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Israel dairy exports

Israel dairy market grows following heightened demand

Exports of dairy products from Israel have enjoyed strong growth over the last five quarters thanks to increasing demand from Europe and North America. An analysis released by the Israel Export Institute’s Economy Department highlighted that the nation’s export of dairy products grew by 2% in 2017 compared to the year before with exports worth

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customs union

British Business Beyond the Customs Union

Earlier this month we wrote about a statement from the Public Accounts Committee which noted its ‘grave concern’ about the lack of Brexit-readiness The Department for Business, Energy and Industry Strategy (BEIS) appears to showcase in the run-up to leaving the EU. Their statement went as far as to suggest that the BEIS was apparently

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Business department unprepared for Brexit

Business Department unprepared for Brexit?

A report published last month has cast serious doubt on how Brexit-ready a key government body is. According to MPs from the Public Accounts Committee, The Department for Business, Energy and Industrial Strategy (BEIS) has made ‘virtually no attempt’ to prioritise ahead of Britain leaving the EU as it moves from a state of planning

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Nigeria Exports

Nigeria exports top $40bn

Annual Nigeria exports goods reached $40bn in value according to the Nigerian Export Promotion Council (NEPC). That’s the figure of informally traded goods though, calculated by the International Trade Centre in Geneva, with the Nigerian Association of Chambers of Commerce, Industry Mines and Agriculture (NACCIMA) posting the value of trade at $8bn. CEO of the

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Managing Multiple Currencies Whilst Selling Abroad

Managing Multiple Currencies Whilst Selling Abroad

At some point during exporting and doing business overseas, you’re going to have to face and overcome issues that arise from managing multiple currencies whilst selling abroad. The good news is that, unlike market-leading conglomerates around the world, you needn’t start hiring Forex traders left, right and centre. Here are three ways in which you can

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