Post-Brexit: Figures suggest UK trade with international clients could double by 2030

According to recent figures published by the ONS, demand for quality British goods and services is continuing to grow around the world.

UK exports rose from £59.4bn to £627.6bn between March 2017 and the end of February 2018 - an increase of 10.4 per cent.

These results for British business comes as a new report reveals that the growth in UK exports is set to double by 2030.

International trade secretary, Dr Liam Fox, said: “The UK is entering a period of unprecedented economic opportunity, with latest figures showing a surge in exports together with optimism for continued export growth in the years ahead.

“As an international economic department, we are supporting UK businesses from every part of the country to succeed on the global stage, and ensure this creates more jobs and prosperity in every part of the country.”

The report from HSBC found the export boom looks set to continue in the coming years, with the prediction that UK exports of goods and services will rise by 22 per cent in value by 2020, and double by 2030.

A survey of more than 6,000 companies confirmed that nearly 72 per cent of UK-based businesses expect their overseas trade to increase over the next 12 months.

HSBC’s new trade forecast also predicted that UK goods and services exports will increase by 10 per cent in 2018 - the fastest pace of growth since 2011.

Indications so far are positive, with the country’s renowned service sector continuing to ‘thrive’ with exports up 9.5 per cent to £282.6bn, increasing the service to £108.3bn.

Goods exports also rose by 11.3 per cent to £345bn.

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