International Trade

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Confidence among exporters at a “record high”

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The BCC/DHLTrade Confidence Index found that found that exporters’ turnover confidence is at a record high of 72 per cent, with more than one third of exporters planning to take on staff within the next quarter.

Almost two thirds of exporters (62 per cent) expect their profitability to increase this year.

John Longworth, director general of the BCC, said that while the news was encouraging we shouldn’t overlook the fact that export volumes actually fell by 3.1 per cent in the last quarter of 2013.

“We cannot afford to sit back and expect exports to increase without dedicated hard work and support – not if we are to reach the government’s target of increasing exports to £1trillion by 2020,” he said.

“Everyone has to take responsibility and play their part – government, civil servants and business alike, so that firms can make some real in-roads in high-growth markets overseas in countries such as Mexico, Nigeria and Indonesia.

“We are seeing small signs of export reorientation away from Europe and North America towards some of these stronger growth regions, but there is still a lot more to do.

“As a nation we currently only spend 0.02% of GDP on trade support, which is nowhere near enough if we are going to rebalance our economy towards net exports.”

Phil Couchman, CEO of DHL Express UK, said: “Positively, there continues to be a high level of demand overseas for “Brand Britain” and newly cited emerging markets, such as the MINT (Mexico, Indonesia, Nigeria and Turkey) countries, present great opportunities for British businesses. With the right advice, product and plan, they have the potential to succeed in these fast-growing emerging markets.”

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