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South West goods exports rises to over £20billion

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Written by: Hannah Baker | Posted 11 June 2018 15:34

South West goods exports rises to over £20billion

South West goods exports rose by 8.8 per cent to £20.8billion for the year ending March 2018, according to the latest HMRC figures.

The region outstripped the national average of 6.5 per cent growth in exports of goods across England.

The South West is now home to more than 8,400 exporters, with an average value of £638,000 per exporter.

Paul Shand, head of exports for the South West at the Department for International Trade, said: “The latest figures from HMRC show that there’s a clear demand for South West goods across the globe, which shows no sign of slowing down.

“It’s encouraging to see local firms harness the power of international trade and outperforming the national average. The South West is home to a growing number of unique and profitable businesses and we know that businesses that export are more profitable, resilient and successful.

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“Our team of trade advisors is working with a range of businesses of all sizes and sectors helping them to launch their products on the global stage, as part of our Exporting is GREAT campaign.”

International Trade Secretary, Dr Liam Fox said: “As we continue our path to Brexit, HMRC’s latest figures clearly show every part of the UK making the most of global opportunities as goods exports rise across the country.

"More than 100,000 businesses are expanding their horizons and making the most of the demand for quality British goods.

“For some, this isn’t the end of the road but the start to their exporting journey. As they grow their networks and create jobs and prosperity across the UK, my international economic department is supporting them through our experienced international trade advisers and Exporting is GREAT campaign.”

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

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