East of England exports highest in UK
Businesses in the East of England are out-performing every other part of the UK in exporting to the European Union, according to new international trade statistics released by HM Revenue & Customs.
In the first quarter of 2011 exports to EU countries from the East of England rose by an extraordinary 34.9 per cent - more than three times the UK increase of 11.4 per cent.
In the 12 months to March, companies from the East sold goods worth £14.82bn to the EU – just over a tenth of the UK’s total trade.
Overall, exports from the East of England were up by 28.5 per cent in the quarter ending in March, compared to the UK increase of 17.4 per cent.
The figures also reveal that exports from the East of England to Eastern European countries outside the EU doubled in the year to March – up by 101 per cent to £574m – and at double the pace of the UK overall, which saw growth of 47.8 per cent.
Liz Basing, UKTI’s international trade director for the region, said: “This is a terrific success story: companies in the East of England are again proving themselves to be the very best of British and are spearheading the economic recovery and making a huge success in trading overseas.
“This increase reflects the 34 per cent rise in demand our team of local international trade advisers have seen from companies researching new international markets.”• Photograph shows: Liz Basing