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Service exports | Indian e-commerce | Exporting is GREAT opportunities

British pound
British exports to become service led

The latest Barclays Trade Index has found that by 2026, half of the value of UK exports will be made up of services. Currently, the services sector makes up 44 per cent of exports, but 2016 is set to be a “tipping point” for the industry.

The total value of UK exports is set to reach just under £880 billion in 2026, which is below the £1 trillion target set by the UK government in 2012.

The US and Germany are expected to remain the UK’s top export destinations, with emerging markets becoming increasingly important. Trade to China is expected to increase by 115 per cent by 2026.


Indian e-commerce continues to grow

The number of online shoppers in India is expected to reach 140 million by 2018 and 220 million by 2020.

The country has experienced rapid e-commerce growth in recent years, with the number of online shoppers growing 95 per cent between 2013 and 2015. This growth is fuelled by increasing internet and smartphone penetration.

There’s a strong demand for British-made products in India, and this e-commerce boom will boost opportunities for UK retailers who are actively selling internationally through company websites or online marketplaces.

Shopping online in India

Exporting is GREAT week
Exporting is GREAT Week: a round-up

Exporting is GREAT Week included over 90 events across the UK, with the Export Hub truck continuing to tour the country to inspire more businesses to trade internationally.

In her overview blog, Catherine Raines, Chief Executive of UK Trade and Investment, highlighted that once companies start to export, it can take as little as two years to grow by a third.

“We want to create a national movement. We want people to feel passionately that this is something they can do – and to be honest, given the growth in online retailing, exporting has never been easier,” said Raines.


Thursday 28 April 2016

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