Global Britain

Customs procedures continue to be the main export hurdle for UK companies, according to a major new survey of businesses by the BCC

The last three months have seen big swings in UK goods exports, with a double-digit fall in sales sandwiched between two double-digit increases.

The British Chambers of Commerce has endorsed the World Trade Organisation’s (WTO) focus on services and digital trade as key priorities.

Trade data is always subject to monthly fluctuations, but it was still disappointing to see that June’s particularly strong gains were reversed in July.

June was a strong month for UK trade, with goods exports to the EU experiencing a double-digit rise. Services growth was steady for the month, and throughout the last quarter.

BCC’s Trade Confidence Outlook for Q2 2024 shows most SME exporters overseas sales are flatlining.