West Midlands sees exports increase

West Midlands sees exports increase

Figures published this week show that the West Midlands has experienced the largest quarter-on-quarter increase in export orders this quarter.

The Trade Confidence Index, which measures the volume of trade documentation issued by accredited Chambers of Commerce, reveals that the West Midlands surpassed the national average with a 7.4% increase in trade documentation issued in Q1 2016 compared with the previous quarter.

The figures were published in the latest Quarterly International Trade Outlook (QITO) from the British Chambers of Commerce (BCC) and DHL.

Christine Hamilton, interim director of UKTI West Midlands, said: “I’m very pleased to see that the volume of export documents increased in the West Midlands in the first quarter of 2016 and it demonstrates that businesses in the region continue to push ahead with their plans to expand their export operations.

“We know from our day-to-day dealings with companies across all six areas of the West Midlands region that even the smallest businesses have real drive in wanting to export their goods and services – and there is demand for what they can sell across the world.

“These ambitious companies understand that entering the global market will help them to thrive, enable them to grow and will secure jobs in their areas.

“Thanks to the raft of support from organisations such as UKTI and the Chambers of Commerce, these businesses are rising to the export challenge.”