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Friday 16th of April 2010
April 12, 2010    

British exports see marginal rise

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by Kay Murchie

Official data has revealed the value of British exports grew by just 0.05%, or £28 million, in the final three months of 2009 compared with the same period a year earlier.

The figures were a surprise since a weak pound should make UK goods cheaper abroad.

Analysis of Government data by Close Treasury revealed that the number of UK companies exporting fell by 3.4% or 1,764, to just below 50,000.

The figures showed exports from Scotland grew the most, up 13% to £501 million during the period, followed closely behind by the east of England where exports increased by 13.2% to £679 million.

However, the biggest fall was noted in Northern Ireland, down 22% to £361 million.

The US remained Britain’s largest export market in the three month period, accounting for 15.5% of the total, or £9.4 billion.

Meanwhile, Germany and France were the second and third largest with 10.4% or £6.3 billion, and 7.8% or £4.8 billion, respectively.

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