New figures show rise in Welsh goods exports
Exporting in the UK New data published today by UK Government shows that goods exports have risen in Wales and across the UK. The figures show an increase in exports from Wales by 4.2% to £16.6bn, compared to the previous quarter.
Welcoming the positive figures, Secretary of State for Wales Alun Cairns said: “Yet again, Wales is punching above its weight in the global export market, proving that opportunities can also lie in markets outside of the European Union, due to the demand that exists for our products and services.
“But there are still many opportunities not being realised, and the UK Government’s new Export Strategy aims to address this. It sets out a UK-wide ambition to raise our exports as a proportion of GDP from 30% to 35%, putting us towards the top of the G7. To achieve this, it proposes a new range of measures to help support Welsh companies on the world stage, giving them the practical, promotional and financial support they need to export.”
The positive figures come following Alun Cairns’ recent visit to South Africa where he joined the Prime Minister and a delegation of UK businesses for a key trade and investment mission.
Today, he joins International Trade Secretary Dr Liam Fox MP at the Board of Trade meeting in Coventry where his focus will be on promoting cross border links between Wales and the Midlands Engine.
Today’s meeting follows the announcement that the Board of Trade baton will be passed to Wales later this year where prominent figures from business and politics from all over the UK will convene in Swansea in November to recognise local companies with Board of Trade Awards (BOFTAs). The National Trade Academy Programme will also run a Welsh business showcase.