Published by the Office for National Statistics (ONS), the Annual Business Survey shows further good news for the UK economy. Figures demonstrate an increase in the number of companies of all sizes selling their products to overseas buyers.
Figures released earlier this month show that total exports from the UK reached £637 billion in September, an increase of 4.4% on the previous year. This demonstrates that demand for British goods and services continues to grow from around the world.
Key highlights from the report show:
International Trade Secretary, Dr Liam Fox MP, said: “Today’s news is further evidence that the high-quality goods and services produced by British businesses are selling all over the world. As an international economic department, when my Ministerial team and I travel abroad, we see first-hand the unprecedented demand for British products, and the results of the Annual Business Survey show that we are responding to the demand.
Our Export Strategy sets out an offer to every business that has the ambition to start exporting or increase their existing operation, as we look to move exports as a percentage of GDP from 30% to 35%.”