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Welsh exports and imports rise dramatically in value

Latest regional trade statistics by HM Revenue and Customs have been released and they make extremely good reading for Wales.

Exports from Wales rose in value by a massive 31.4% over the 12 months to June to stand at £13.05bn. Scotland rose by 6.6% to £15.98bn, England by 14.9% to £201.59bn and Northern Ireland by 11.4% to £5.6bn.

Imports to Wales also rose in value by 26.8% to £7.33bn, Scotland by 6.6% to £11.83bn, Northern Ireland by 11.6% to £5.41bn and England by 14.4% to £302.4bn.

In terms of balance of trade in goods (not including unallocated imports & exports)

Wales                            +£5.72billion
Scotland                        +£4.15billion
Northern Ireland             +£190million
England                          -£100.81billion
United Kingdom             -£99.05billion (including unallocated imports & exports)


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