"New data from the British Chambers of Commerce Insights Unit, published at the start of International Trade Week, shows a widening divide between the fortunes of different sized UK exporters. The Trade Confidence Outlook results underline the need for urgent Government action, in partnership with business, to help smaller firms export more. Analysis by the BCC shows a 2% increase in UK exports would increase growth by 0.6%."
"Looking at either export sales or export orders in Q3 for micro exporters, the pattern is the same. Only 16% of micro-exporters, businesses with fewer than 10 employees, increased export orders in Q3 (18% in Q2), 27% reported a fall, and 57% reported no change. In contrast, 42% of large exporters, with more than 250 staff, saw a boost in overseas orders in the last quarter (29% in Q2), 11% reported a decrease, and 47% said they'd seen no change."
Survey results from the British Chambers of Commerce show a widening divide in export performance by firm size. Micro-exporters (fewer than 10 employees) experienced only 16% increases in export orders and 18% increases in export sales in Q3, with 27% and 26% reporting falls respectively and the remainder unchanged. Large exporters (more than 250 staff) saw 42% increases in orders and sales, with only 11% reporting falls. Overall, only 24% of exporters reported increased overseas sales and 22% reported increased export orders. The BCC calls for government measures including a trade accelerator programme, customs reform, and consultation on a carbon border adjustment ahead of the budget.
Read at London Business News | Londonlovesbusiness.com
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