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UK exports remain at record high

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The National Statistics Office on Monday 10 September issued results showing that UK exports to the world rose by 5.2% compared to the same time last year.

The service sector continues to thrive with exports up 3.9% to a record high of £283.4 billion, increasing the service surplus to £117.1 billion and exports of goods also rose strongly by 6.2%. Annual exports continue to grow faster than imports for the twelfth consecutive month.

The news comes after the launch of the Export Strategy last month, which has the goal of increasing exports as a proportion of UK GDP to 35%, making the UK one of the G7’s most successful exporters.