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Exports helping Norfolk traders

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According to the latest report from the Norfolk Chamber of Commerce, manufacturing businesses had an improvement in export sales from 11% to 27% and export orders from 7% to 27%.
Concern over exchange rates increased, with 76% of firms surveyed saying it was a worry – up from 47% for the period before.

The owner of a chocolate business said his firm had grown by 40% in the year, with increased exports due to exchange rates making up for price pressures at home. He said: “Where we are seeing some pressure in the UK, particularly in profitability, the opportunities have arisen in the export markets.

“For us 50% of our business is exports. We are just launching in China, we are in the US and we are in discussions in India as well.

“Export is really where our progress is while the UK is struggling a little bit but staying stable.”