Recent survey shows manufacturers are recognising the power of exporting
There has never been a better time for British businesses to broaden out their horizons and explore international markets.
Improvements in trade finance, online connectivity, and trade agreements have dramatically increased access to markets worldwide.
The results of the Quarterly International Trade Outlook (QITO) for Q1 2015 are a testament to this point. Manufacturers are turning to export markets abroad to fuel their growth ambitions as weak industrial growth persists in the UK.
The proportion of manufacturing businesses reporting increased export orders and sales rose in the quarter. This is a credit to the strength and expertise of the UK’s manufacturing sector.
Furthermore, almost half of the manufacturing firms we surveyed added new staff to their labour force – with the vast majority of these new roles being full-time positions.
While the recent strong performance in the economy has continued to build momentum, this has not been accompanied by a corresponding increase in exports. To address this imbalance, we need a clear focus from the government to implement ambitious plans that will help Britain recapture its reputation as a premier trading nation.
Chambers of Commerce are doing their bit to support businesses interested in accessing markets around the world.
Whatever the size or nature of your business, international expansion can be daunting with many hurdles to be negotiated. To take the fear out of exporting, we’re building an international business network of overseas British Chambers and business groups that provide British companies with practical advice each and every day when they start to do business in markets around the world.
By building trusted and proven international networks and removing barriers to trade, we will encourage more British businesses to look beyond our shores. The world is alive with business opportunities, so let’s get behind our British exporters and help them trade the world and shine on the global stage. Only then will we eliminate the UK's stubborn trade deficit - and unlock future economic growth