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WEEKLY TRADE UPDATES

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Analysts Retail Economics have found that online shopping could more than double its share of the retail market by 2028 as younger people who grew up with the internet become more than half of the UK’s adult population. Retailers will need to adapt to the increasing change with the internet expected to account for half […]

The Department for International Trade (DIT) is to be given part of the official £14 billion aid budget. The funds are to be spent on helping developing countries learn from UK trade deals. Trade Secretary Liam Fox confirmed the measure and commented on how it would bring development and trade closer together. “[…] we want […]

New statistics from the Office of National Statistics (ONS) show UK exports are growing, despite the global economy slowing down. UK exports of goods and services in the 12 months to May 2019 increased by 4 per cent to a record high of £647.1 billion. Secretary of State for International Trade, Dr Liam Fox, said: […]

The UK’s digital tech sector has soared with exports of goods and services rising 15.3 per cent, now worth £55 billion. The Digital Sector contributed £130.5 billion to the UK economy in 2017 and accounts for nearly a quarter of all UK exports. Companies across the South East of England in particular are experiencing export […]

This week Canadians celebrated Canada Day and in honour of the great trading relationship between British businesses and Canadian consumers we are putting a spotlight on trading conditions. The UK is Canada’s second largest services trading partner and seventh largest source of goods imports. The stable political environment and record for strong economic growth make […]

China have agreed market access for UK beef by the end of 2019 which is set to give Welsh farmers a multimillion pound boost. Worth an estimated £230 million in the first five years alone, the move comes more than 20 years after the Chinese government banned UK imports of beef in 1996. Secretary of […]

Essential Oils

In 2018 UK industry exports of essential oils totalled £179.5 million, exports to the United States alone amounted to £34.8 million. There has been a general revival and growing interest in holistic therapies, and more specifically aromatherapy is seeing increased demand. First Natural Brands is a company based in West-Sussex and with the support from […]

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The UK and Korea have signed a joint statement for trade continuity that will allow businesses to keep trading freely even after the UK has left the European Union. This will help to strengthen the trading relationship between the UK and Korea further, which in 2018 was worth £14.6 billion. International Trade Secretary Dr Liam […]

Wine producers in the UK are capitalising on overseas demand by exploring exporting potential in new global markets. Overall sales of English wine increased by 31 per cent between 2015 and 2017. The industry is predicted to be producing 40 million bottles a year in 2040 with a retail value of £1 billion. The Department […]

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