Exports on the up but greater support still needed

The North East Chamber of Commerce (NECC) today welcomes figures that show an increase in the value of the region’s export market. 

 Latest statistics show that North East businesses achieved a ten per cent increase on export value in the final quarter of 2010 compared with the previous quarter.  This is up 21 per cent on the same period in 2009.

 Jonathan Walker, policy advisor at the North East Chamber of Commerce, said: “These are really strong figures for the region, and they qualify NECC’s belief that there are significant opportunities for North East businesses overseas that we must tap into if we are to see real economic growth here.

 “The fact remains that our businesses need support to reach overseas markets.  We have heard repeatedly that the Government wants to support the country to rebalance its economy, but now is the time for action.  We need to see policy changes that will support existing exporters to break into new foreign markets, as well as assisting non-exporters to access channels overseas.”

A summary of the latest North East export statistics is below:

 Quarter 4 2010

  • In Q4 2010, the value of North East exports was £3,339m (up ten per cent on Q3).  The UK export market value increased by eight per cent)
  • The UK as a whole exported around 14 per cent more in Q4 2010 than it did in Q4 2009

 12 month period ending December 2010

  • The total value of UK exports for the 12 months ending December 2010 was £261,784m, an increase of 14 per cent compared with the 12 months ending December 2009.
  • In the same period, the total value of North East exports was £11,913m, an increase of around 24 percent compared with the 12 months ending December 2009

 Number of exporters

  • In Q4 2010 the number of businesses exporting from the region was 1,111, up three percent on the previous quarter.

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