Global demand for UK exports continues to grow, and will double by 2030, new international trade figures have revealed.
WorldFirst’s Global Trade Barometer has found that SMEs are becoming more pessimestic in terms of international trade.
Whether it’s finding the right markets, currency volatility or economic uncertainty, we’d like to know what road blocks stand in the way of thinking globally and embracing international trade.
Small businesses have come to a turning point in international trade. As negotiations progress around Britain’s departure from the EU, the future terms of the UK’s trade with Europe remain unclear.
Sticking with the downward trend for this year, the number of SMEs trading internationally decreased slightly from 30 per cent in Q2 to 28 per cent in Q3.
Despite the economic climate and uncertainty face, overseas trading can be managed by SMEs – here’s what to expect when you’re exporting.
As Britain’s ecommerce market matures, many savvy retailers are looking internationally to drive sales and growth this year – and the US ecommerce market is on the radar.
The uncertainty surrounding Brexit – exactly when the government will invoke Article 50 and what sort of deal the UK will get from the EU – is causing many SMEs to look beyond the historically easy pickings of the EU and towards the wider world for international trade.
George Osborne replacement Philip Hammond is currently on an overseas assignment in China, which will see him encourage business and investment ties between the country and Britain.
With the seventh largest economy in the world, Brazil is an exciting market for UK businesses – as Mauricio Munguia, head of Latin America desk at Santander UK, explains.
On the back of the England cricket team reclaiming the Ashes during the fourth test in Nottingham, it’s been revealed that British sales of cricket and polo equipment to Australia during 2014 topped £1m.
The desire for British businesses to export to countries further afield than the EU has seen the amount of goods shipped to Asian nation China grow by 12 per cent during 2014 – meaning it now sits at number six in the top ten list.