Research shows more than 7% increase in value of visible exports in Wales

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Research shows more than 7% increase in value of visible exports in Wales

Analysis of HM Revenues and Customs data1 by NatWest and RBS reveals that the value of UK visible goods (i.e. excluding services and intangibles such as financial investments) being exported by Welsh companies exceeded £2.4 billion in the fourth quarter of 2010 - a 7.9% increase on the same period in 2009.

Economic Analysis

20 April 2011

The figures show that the number of Welsh companies exporting abroad increased in Quarter 4 by 1.8% compared to 2009.

With Britain's businesses increasingly looking towards overseas' markets to drive growth, NatWest and RBS as lead sponsors of the British Chambers of Commerce (BCC) Chamber Awards 2011 have introduced a new category called the Finding New International Markets. This award has been set up to recognise British businesses that are leading the way in developing international trade and have demonstrated commitment to pursuing international expansion. Companies who have expanded into new geographic markets outside the UK in the past two are welcome to enter a submission for the award.

Winners from the 11 UK regions will go through to the national finals where they could pick up the overall award in their category and be invited to join an RBS-BCC trade mission to a global destination of their choice.

The regional winners will be announced in September, followed by the national awards ceremony at London's Connaught Rooms on November 24. For more information visit www.chamberawards.co.uk or contact the Chamber Awards Team on 024 76 47 2593 / awards@chamberawards.co.uk. The closing date for entries is June 24.

David Houghton, Director Global Strategic Partnerships, Global Transaction Services RBS said: "Companies of all sizes in the UK are realising the growth opportunities that international trade presents. There are many success stories of businesses that have shown entrepreneurial flair and been able to capitalise on this in the global marketplace.

"We're committed to driving UK business success on the international stage and have sponsored this new award to recognise those businesses which have shown this pioneering spirit."

Media Enquiries:

Emma Hughes
Regional Communications Manager
emma.hughes@rbs.co.uk
Telephone: 07799 470019

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