Number of UK exports rose by 2.3% in 2013
Clothing, cars and toilet cleaning materials UK’s fastest-growing export goods
The total number of UK exports rose by 2.3% in 2013 with clothing, cars and toilet cleaning materials the three fastest-growing export industries, according to analysis of Office of National Statistics (ONS) data by Santander.
The report found that the number of exports of clothing, vehicles, and cleaning items increased by 16%, 14% and 10% respectively and accounted for 11.1% of all UK exports, with a total worth of £35.1bn.
Manufacturing was a key area which saw significant exports growth with machinery (mechanical and electric) and pharmaceuticals accounting for more than 37% of the country’s exports in 2014, with a combined value of £113bn.
Refined and crude oil were the UK’s next largest industry for exports, contributing over £39bn.
Other export industries which boasted major increases included aircraft, up by 8%, scientific and photographic equipment, up by 7%, iron and steel, up by 6%, and beverages, rising 2% to £7bn.
Areas which saw a decline in the number of exports included works of art (down by 5%), road vehicles other than cars (down by 6%), and medicinal and pharmaceutical products (down by 8%).
John Carroll, head of international at Santander UK, commented on the data: “We know that businesses that trade internationally tend to be more resilient and are more likely to grow than purely domestic businesses, so it’s encouraging to see overall export growth and the growth of key sectors.”