Boost for North West as exports rise in 2017

Boost for North West as exports rise in 2017

Exports in the North West rose 3.6% to £28.8bn) in the North West during 2017 compared to the previous 12 months, according to the latest HMRC figures show.

The figures show that the region is home to more than 13,000 exporters with an average value per exporter of £2.1m.

One North West-based business that has experienced this uplift first-hand is St Helens-based ATG Access.

The company – which provides vehicle barrier and security solutions – has enjoyed its most successful 12 months to date with exports now accounting for 70% of the company’s overall business growth.

This was the result of securing a large, high-security project in China, continued investment into their distributor network and their first high-security orders from Japan and Estonia, thanks to the support of the Department for International Trade (DIT).

Paul Stowers, regional director at the Department for International Trade for the North West, said: “HMRC’s latest figures, which cover the full first year since the EU referendum, demonstrate the appetite for British goods abroad and the potential for businesses who want to expand overseas.

“They back up the experience of the many companies in the North West we work with daily that are already feeling the benefits of increased global trade and finding success in other markets.

“We have a number of dedicated International Trade Advisors based across the North West to support firms who are interested in exporting or are looking to boost their export activity.

“The help is out there, and I urge anyone who is interested in exporting to get in touch.”

This positive picture is also reflected in the latest Office for National Statistics figures which shows that UK exports rose 11.5% to £625.9bn in the year from February 2017 to the end of January 2018.

The ONS stats also show the country’s renowned service sector continues to thrive with exports up 10.1% to £281.4bn, increasing the service surplus to £107.9bn.

Goods exports also rose strongly by 12.6% to £344.5bn, with strong manufacturing figures leading the way in making the biggest contribution to this growth.

Exports continue to grow faster than imports with the overall trade deficit narrowing by £12.8bn from £41.6bn to £28.8bn.

International Trade Secretary, Dr Liam Fox said: “The UK is entering a period of unprecedented economic opportunity, with latest figures showing a surge in exports together with an increase in manufacturing output at the start of the year - this adds up to a positive picture for the British economy.

“As an international economic department, we are supporting UK businesses from every part of the country to succeed on the global stage, which in turn creates more good jobs and prosperity at home”.

Exporting is GREAT is the government campaign to inspire and support more UK companies to take their first steps towards selling overseas and helping existing exporters grow further.

The campaign is currently showcasing 30+ UK businesses – from a range of sectors and regions – to inspire and support firms up and down the country to export.

The GREAT Festival of Innovation, taking place from 21 - 24 March in Hong Kong will showcase some of the best British businesses to the Asian market.

The Festival will bring together business leaders, Government Ministers and the latest ground-breaking technologies from the UK and across Asia.