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Newly released regional trade statistics show North East exports continue to increase

In response to the recently published regional trade statistics (released on Thursday 07 March), Victoria Sutherland, Senior Economist at the North East Local Enterprise Partnership, said: “The latest figures show the value of exports from the North East region, including Tees Valley, is increasing, which is positive news for the region’s economy. 

“Businesses in the North East exported £13.2 billion of goods in 2018. This is equivalent to almost £8,000 per working age person, the third highest rate in England. 

“The value of exports has grown by 2% over the last year and 10% over the last two years. Almost 4,300 businesses in the region exported goods in 2018, 2% more than in 2016.

“In terms of value, 60% of North East goods exported went to the EU, the joint highest proportion among English regions. Over the past two years, the value of exports from the region to markets outside of the EU has increased by 12%. The combined value of North East exports to five non-EU countries (Norway, the USA, Australia, Japan and Turkey) increased by almost £0.5 billion.

“The statistics also provide data on goods imported into the North East. In 2018, £14 billion of goods were imported, with many of these used in our manufacturing sector. Continuing to ensure North East businesses are able to access International markets and goods is important going forward.”

Colin Bell, Business Growth Director at the North East LEP said: “The increase in value of exports to markets outside the EU from the North East is positive news, especially as we continue to negotiate our exit from the European Union.

“It’s also very encouraging to see the number of business exporting in the region has increased since 2016. This signals ambition to scale up and grow, which is exactly what we need to see if we want to strengthen our economy and create more and better jobs.

“The North East LEP and its partners will continue to support businesses in the region to develop and grow their international connections through resources like the North East Growth Hub, with its dedicated Export Toolkit.”

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Exporting is GREAT hub returns to North East

Across the world, customers are looking for your products and services. In a globalised, digitised world, the potential for North East companies to find new customers and lucrative markets beyond the UK has never been greater.

Companies that sell overseas are more productive, innovative, profitable and sustainable. So why not?

Making the move into a new market can feel like a leap into the unknown. Where do you even find these opportunities? UKTI North East is here to help.

From 1 – 4 February 2016, the Exporting is GREAT hub Truck will be touring the North East providing help and advice to businesses looking to export internationally. The following free workshops are available.

See below for details on the workshops:

Monday 1st February 2016
Newcastle Falcons Rugby Ground Kingston Park
Discover your Opportunities in Poland

Tuesday 2nd February 2016
Stadium of Light, Sunderland Football Club
Could your Business Access the World?

Wednesday 3rd February 2016
Xcel Centre, Newton Aycliffe
Could your Business Access the World?

Thursday 4th February 2016
Riverside Stadium, Middlesbrough Football Club
Could your Business Access the World?

Tweet about the events using #exporthub and #exportingisgreat

Home / Exporting

International Festival for Business 2016 (IFB2016)

UK Trade and Investment (UKTI) have partnered with IFB2016 as part of the Exporting is GREAT campaign to create 3 weeks of events, networking and deal-making.

IFB2016 is a global marketplace, bringing together thousands of delegates from around the world to create connections, share ideas and do business. It takes place from 13 June to 1 July 2016 at the purpose built Exhibition Centre Liverpool.

The first International Festival in 2014 saw 70,000 people attend events and created an estimated £300 million worth of investment and export sales. Building on this success, IFB2016 will be the biggest event of its kind next year.

The festival will provide significant opportunities to promote the UK around the world. It will enhance the competitiveness of British companies through overseas trade and investment.

What’s happening?

There are over 70 high quality events planned, focussing on 3 important sectors:

  • manufacturing
  • energy and environment
  • digital and creative

There will be a business services area where businesses can access free professional advice from experts in international trade, logistics, legal, banking, finance and more.

It will have the world’s biggest meet the buyer event with over 7,500 appointments available with buyers, advisers and investors from around the world.

The GREAT British Showcase will be there – a major exhibition curated by Number 10, featuring the UK’s most advanced innovations, products and technology.

There will be an investment hub, showcasing the best of British opportunities and a digital matching service to introduce businesses to potential customers.

Catherine Raines, Chief Executive of UKTI, announced:

“IFB is a huge opportunity to promote the UK as an unrivalled international business hub and to enhance the competitiveness of British companies competing on the world stage.

“The UK’s largest business festival will bring together decision makers, forge new business relationships and deliver real business results that drive UK exports and secure new inward investment.”

Why attend?

IFB2016 offers an unrivalled platform for companies to explore new export opportunities and grow their global network.

Over 35,000 UK and International delegates are expected to attend, giving UK Small and Medium sized Enterprises (SMEs) access to thousands of meetings and potential deals.

UKTI’s delivery network in 144 countries will work with IFB2016 to attract the world’s smartest business leaders and thousands of top international delegates.

A dedicated trading floor at the festival will see experts from across the world come together to support new trade and investment.

Who’s supporting IFB2016?

IFB2016 is backed by funding from HM Treasury and was announced in 2014 by Chancellor of the Exchequer, George Osborne.

Current ambassadors include:

  • Wayne Hemingway MBE, Co-founder of Red or Dead
  • Lord Bilamoria CBE, Chairman of Cobra Beer
  • Judy Kelly OBE, Artistic Director of Southbank Centre
  • Will Butler-Adams OBE, CEO of Brompton Bicycle
  • Claire Braithwaite, CEO of Tech North

How can you get involved?

Register now for the IFB2016 Business Club. This is your free ticket into the festival and also provides access to exclusive benefits during the run-up to the festival – including a range of free business support services that will be launched soon.