2014 International Trade Survey: The untapped export potential of UK service sector firms

The BCC has published the results of a major international trade survey, looking at the barriers facing existing and potential UK exporters. Made up of responses from more than 4,700 businesses, the results show that while the majority of firms have ambitions to grow domestically, less than half are looking to expand their business overseas.

2014 International Trade Survey

While the recent strong performance of the UK economy has continued, sustained output growth has not been accompanied by a strong pick-up in exports and investment.Given the continued need to rebalance the UK economy towards exports to secure the recovery and long-term prosperity, the BCC commissions an annual business trade survey.

The latest survey undertaken in Q1 2014, received responses from 4,742 businesses. In this publication we explore what is holding back businesses from ‘Going Global’ and what the British Chambers are doing to help businesses succeed in ‘Going Global’.