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Sub-Saharan Africa | Exports support UK growth | British luxury goods in demand

DHL invests in Sub-Saharan Africa
 

Frank Appel, Chief Executive Officer of Deutsche Post DHL Group, recently visited South Africa and Nigeria as part of our commitment to demonstrate the importance of emerging markets, particularly Sub-Saharan Africa.

“Staying close to the market and being responsive to customer needs are DHL’s fundamental principles. We have established world-class facilities in Sub-Saharan Africa to support our global network,” said Appel.

Africa is a largely untapped market for trade and the region has enormous potential for UK businesses looking to expand internationally.

 
TRADE WITH AFRICA
 

UK exports drive economic growth
 

UK exports rose by 3.9 per cent in Q2 2015 compared to the previous quarter, and by 8.1 per cent from the previous year, according to the Office for National Statistics.

In addition, GDP increased by 0.7 per cent and business investment increased by 2.9 per cent. These figures mark a significant milestone in an effort to rebalance the UK economy.

Experts anticipate this economic recovery to sustain its current pace for the rest of the year. Liz Martins, an economist at HSBC Bank in London, was upbeat about the findings: “This is a very strong number from exports.”

 

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‘Made In Britain’ in demand globally
 

International consultancy Frontier Economics has predicted the value of British luxury sales for 2019 to reach £51.1 billion. This estimate follows the news that the rapidly growing sector makes up 2.2 per cent of the UK’s GDP.

78 per cent of luxury goods produced in Britain are exported to overseas markets and the industry accounted for 4.3 per cent of total UK merchandise exports in 2013.

Michelle Emmerson, chief executive of Walpole, welcomed the news: “With well over half the produce destined for overseas markets over the year, we are proud that the British luxury industry pioneers as an export-orientated sector.”

 
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Thursday 03 September 2015

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