Recent data has revealed that UK exports to the world rose significantly by £26 billion, which is an increase of 4.4% compared to the previous year.
The Office for National Statistics (ONS) findings show that the country’s renowned service sector continues to thrive with exports up 2.2% to a record high of £278 billion, increasing the service surplus to £112 billion.
According to the data, goods exports also rose strongly by 6.3% to £343 billion.
International Trade Secretary Dr Liam Fox MP, commented on the findings, “Today’s trade figures show demand for UK goods and services is continuing to grow, as overall exports rose to £621 billion – up 4.4% on this time last year – and the trade deficit continued to narrow by £6 billion over the last 12 months.
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“As we open consultations for future trade relationships with key global markets around the world, we’re seeing a shift in the UK where we’re moving towards selling more than we buy, with exports increasing faster than imports.
“My international economic department will continue work with companies across the country to ensure they’re making the most of global opportunities.”
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