China surge helps Cambs almost double June exports
Exports from Cambridgeshire UK companies exceeded £47 million in June 2016 – almost double the value of the same month last year.
The annual increase of over £23m was partly down to companies increasing their presence in the Chinese market.
Some £19m of the £47m total was destined for China, up £18.2m based on the same time last year due to four separate shipments each valued between £2.1m and £5.7m.
Figures show that in the last month Turkey’s market was worth £8.5m and Egypt £5.4m to the county’s exporters.
John Bridge, chief executive of Cambridgeshire Chambers of Commerce, said: “In spite of the nonsense currently emanating from the country’s politicians it’s clear that at least the business community is maintaining its focus on creating the wealth necessary to secure our country’s future success.
“This extraordinary increase in export activity is excellent news for the local economy and will, we hope, inspire others to continue to press into new markets and not demonstrate reluctance to exploit business opportunities overseas.
“It is essential that businesses stay positive and focused on creating the certainty in their minds that they can continue to perform. The one thing we can be certain of currently is that that attitude is fundamental to future wealth creation.”