Trading outside the UK is an opportunity UK retailers might evaluate to increase customers and sales.
According to the latest information published on the UK Government website, UK trade in numbers, in 2019, the proportion of UK businesses exporting to the EU was only 10.2%. We’re expecting updated figures to available later this year.
Taking into consideration the period from May 2021 to May 2022:
- In terms of exports, UK trade registered an increase of 9.4%
- In terms of imports, these rose by 19.4%
Source Imrg
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