UK exports increase by 14.2% between Q4 2009 and 2010
Exporting helping to drive business growth
British exports increased by 2.85% in the fourth quarter of 2010, bringing the UK’s exporting total to £70.2bn, HM Revenues and Customs (HMRC) data has revealed.
According to NatWest and the Royal Bank of Scotland (RBS), which analysed the data, the value of UK visible goods was worth £763m in 2010, an increase of 14.2% on the same period in 2009 when the total was £61.4bn.
With Britain’s businesses increasingly looking towards overseas’ markets to drive growth, a new ‘Finding new International Markets’ award has been launched by the British Chambers of Commerce (BCC). The award recognises British firms that are leading the way in developing international trade and have demonstrated commitment to pursuing international expansion.
David Houghton, director of global strategic partnerships at RBS, said: “Companies of all sizes in the UK are realising the growth opportunities that international trade presents. There are many success stories of businesses that have shown entrepreneurial flair and been able to capitalise on this in the global marketplace.
“We’re committed to driving UK business success on the international stage and have sponsored this new award to recognise those businesses which have shown this pioneering spirit.”