New ONS trade data | Christmas forecast report | B2B online marketplaces

Posted on 20/07/2022 by DHL Express

New ONS trade data reveals an increase in UK exports

According to new data released last week from the Office for National Statistics (ONS), UK goods exports increased by £2.3 billion (7.4%) in May 2022. This was largely driven by a £1.9 billion (12.7%) increase in exports to non-EU countries. However, exports to the EU also contributed significantly, having reached a record high of £16.9 billion – the highest level of goods exports since 1997.

Increases in exports to the EU were driven by a rise in machinery and transport equipment, while in non-EU countries there was an increase in miscellaneous manufacturers, notably including jewellery exports to Qatar and Switzerland.

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Christmas forecast: how will your sector fare this year?

With only five months until the festive season, a new report reveals how retail sales are expected to rise or fall across different sectors.

While overall volume is expected to be lower than the same period in 2021, high inflation means that the value of retail sales is expected to rise by 3.7%, with the value of online sales predicted to increase by 8%. The data suggests that several of the biggest sectors will experience a big peak period in the run-up to Christmas, however DIY and gardening and electricals may see a decline in value.

Read the full report to discover which product areas to focus on, how retailers are preparing, and which factors will influence consumer spending ahead of the all-important festive period.

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The rise of B2B online marketplaces

While B2C businesses have traditionally been leading the charge when it comes to e-commerce, the B2B sector is quickly catching up. Fuelled by the pandemic and an increasing number of millennials in key decision-making roles, sales on B2B marketplaces grew 131% to US$56.5 billion in 2021 and are projected to increase to US$130 billion in 2022.

Are B2B marketplaces the right direction for your business? Read on to discover more, plus see what else is trending in the world of e-commerce.

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