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UK car exports | UK government plans to boost exports | China e-commerce

UK car exports reach record levels

The Society of Motor Manufacturers and Traders has announced that almost 1.6 million cars were built in the UK last year, and 77.3 per cent of these were exported. This means the automotive sector is the UK’s largest goods exporter.

Demand for UK-built cars increased by 11 per cent in 2015. However, these figures could decline if Britain chooses to leave the EU.

“Europe is our biggest trading partner and the UK’s membership of the European Union is vital for the automotive sector in order to secure future growth and jobs,” said SMMT Chief Executive Mike Hawes.

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UKTI at centre of government scheme to boost British exports

The UK government has announced a new approach to boosting British exports, focused on priority markets and sectors. UK Trade and Investment will be central to this new initiative.

“We want to make the UK the easiest country in the world to do trade with by making it easier, faster and simpler for more UK businesses to start exporting, generating a more vibrant export support marketplace, and giving more financial support to exporters,” said Trade Minister Lord Maude.

The five-year Exporting is GREAT campaign, launched in November 2015, will also play a part.

READ PRESS RELEASE

Chinese consumers buy more luxury products online

Worldwide online sales of luxury products grew at four times the rate of luxury-brand stores between 2009 and 2014, according to a report by McKinsey & Company.

In addition, the Forward Business and Intelligence Company found that Chinese shoppers spent US$ 106 billion on luxury products in 2014. This is 46 per cent of the global total. Luxury shoppers are predicted to spend US$ 77 billion by 2025.

China is set to become the biggest market for consumer and luxury goods. For advice on entering the Chinese market via e-commerce, you can read our customer story here.

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Thursday 28 January 2016

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Weekly Trade Updates

UK car exports | UK government plans to boost exports | China e-commerce

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