International trade: bridging the gap

 

Where are the trade opportunities for UK businesses? With the UK’s balance of trade deficit remaining high, we look at what’s holding businesses back, the global trade hotspots and the commodities in-demand.

  • The Government aims to increase the value of UK exports to £1trillion by 2020.
  • 28% of businesses are struggling to find the right overseas opportunities.
  • The UK remains a net importer of goods and services, contributing to a stubborn balance of trade deficit.
  • The US is one of the UK’s top trading partners.
  • China is our fastest growing export market.

Addressing concerns around international trade risk, profitable opportunities overseas and funding are vital to improving the UK’s economic trade prospects. The UK government, trade bodies and banks can provide support to help businesses manage risk and embrace the opportunities of global trade.

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