UK exports to Germany, India and China shot up by 7.2% in 2015
Number of businesses exporting to Russia and Brazil decreased by 17.3% and 8.4% respectively over the same period
The amount by which UK businesses are exporting to Germany, India and China increased by 7.2% in 2015 compared to 2014, the latest export data from the government’s Department for Business, Innovation & Skills (DBIS) has found.
Germany remained the UK’s biggest European export market, with the number of businesses exporting goods to the country rising by 182 in 2015 (a 1.3% change), reaching a peak of 11,634 in the first quarter of 2015.
China saw the biggest increase in exporting, with 384 more businesses exporting to the country than in 2014 – equating to a 3.9% change. India saw a 2% change, with 170 more UK businesses exporting to the country in 2015 than the previous year. In August last year, China was revealed to be the UK’s sixth biggest export market.
Meanwhile, the number of companies exporting to Russia went down by 902 in 2015 (a 17.3% change), while UK exporting to Brazil saw a drop of 342 (an 8.4% change).
The findings suggest that UK products and services are in high demand and businesses may want to consider exploring overseas avenues as a means of achieving growth. For free advice on exporting, click here.