UK exports continue to rise | UK trade with Canada increased | 95 per cent of UK shoppers buying online

Posted on 13/12/2018 by DHL Express

UK exports continue to rise

New figures released on 6 December by HMRC have revealed that in the year ending September 2018, the number of businesses exporting goods in the UK has risen by 1.5 per cent from the same quarter in the previous year.

The number of businesses exporting to non-EU countries in the latest quarter rose to 49,000 as UK businesses take advantage of global interest. The most popular non-EU destinations include the US, Australia and Switzerland.

The International Trade Secretary, Dr Liam Fox, said: “Through our Export Strategy, my international economic department has set out an offer for all businesses to ensure they are able to make the most of the global opportunities this presents.”

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UK trade with Canada up by 13.7 per cent

New statistics released last week have shown that UK exports of goods to Canada have increased by 13.7 per cent to £6.15 billion in the last 12 months. The growth in exports coincides with the provisional implementation of the EU-Canada Comprehensive Economic and Trade Agreement (CETA) in September 2017. CETA is one of the most extensive EU free trade agreements to date, removing 98 per cent of export duties that are currently in place.

Following Brexit, the UK and Canadian Prime Ministers have both committed to seeking to seamlessly transition CETA into a bilateral deal that will allow UK and Canadian companies to enjoy as free and frictionless trade as possible.

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95 per cent of UK shoppers buying online

According to Nielsen’s recent global Connected Commerce report, 95 per cent of UK shoppers are now buying products online due to improved convenience and delivery. Shoppers are increasingly turning to the internet when they would have previously bought in person, including for high consideration items like cosmetics and baby products.

The enhanced trust in online shopping is supported by 39 per cent of UK consumers stating that a money back guarantee for products not matching what was ordered would encourage them to shop online. The study also showed that 32 per cent of shoppers are enticed by same-day replacement services for products not available, and the same percentage are looking for free delivery services on purchases above a minimum spend.

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