The most recent figures released by the Office for National Statistics (ONS) show that UK firms sold more overseas in the 2018/19 financial year than at any time since records began.

Total exports grew at a rate of 3.0% and increased by £18.5 billion compared to the 2017/18 financial year to reach a total of £639.9 billion.

Secretary of State for International Trade Liam Fox said: “From exports of our Scotch Whisky to our world-class cars, consumers all over the world are demanding British goods at unprecedented levels. My international economic department is confident British businesses will continue to excel as we leave the EU and will offer its full support to businesses with the same ambition.”

Despite the uncertain global economic outlook, he went on, UK exports have been growing for the past 36 consecutive months on an annual rolling basis with separate data published by the Organisation for Economic Co-operation (OECD) revealing that UK export growth was faster than the overall EU rate of 11.9%.

UK total exports grew at 13.8%, faster than Germany (10.5%), France (10.1%) and Italy (11.4%).

In terms of services alone, the sector saw exports increase by 1.4% to £283.8 billion in the 2018/19 financial year.

“UK exports continue to grow and beat records across Europe, these new numbers published today highlight the quality and innovation of British goods and services and how much they are valued across the globe,” Mr Fox concluded.

Last reviewed 14 May 2019