Export Figures Rise | UK Trade Wins | Exporting to Japan

Posted on 17/01/2019 by DHL Express

UK export figures rise

New figures released by the Office for National Statistics (ONS) revealed exports in 2018 have grown by £13.9 billion since the previous year. The news comes as London retained its position as the top tech investment destination in Europe earlier this week.

International Trade Secretary, Dr Liam Fox, is encouraging all businesses to mark 2019 as a year for overseas expansion. “Whether you are a small business seeking help to sell abroad for the first time, or an established exporter looking to break into new markets, my international economic department stands ready to offer its full support.”

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Trade wins for the UK

A series of new deals for British and Japanese companies have been announced as Japanese Prime Minister Shinzo Abe met with Prime Minister Theresa May in London. Worth over £200 million, the new deals will help support hundreds of jobs in the UK. Hamleys, Norton and Lucozade Ribena Suntory are some of the companies that will benefit.

On top of this, it has been announced that British farmers will now be able to export beef and lamb to Japan for the first time since the two meats were banned in 1996. Both countries have also committed to work together to reform the World Trade Organization (WTO) and reduce global trade tensions that exist.

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Exporting to Japan

Japan’s wealthy online audience and huge economy makes it an outstanding opportunity for any exporter. Internet penetration in Japan is around 91 per cent, with at least 70 per cent of the country shopping online, and growth hotspots include the fashion, furniture and electronics industries.

Japan is an advanced, prosperous nation and is home to 126 million people, so it’s no surprise to learn that only the US and China have larger economies.

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