Exports hit new high of £18bn in one year
Exports from the East Midlands soared to a record high of £18.3 billion in 2012.
Revenue and Customs figures showed regional exports to Asia and Oceania last year grew to a new high of £4.36 billion, a 22 per cent increase on the £3.57 achieved in 2011.
Exports to the Middle East and North Africa hit £1.25 billion – a rise of £194 million.
The East Midlands office of Government support body UK Trade and Investment (UKTI) said the figures came as a boost as it prepared to launch the first of two export weeks.
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It will run from May 13 and give businesses access to support and events to crack high-growth markets such as Brazil, Russia, India, China, Colombia, Indonesia and Qatar.
In Leicester, events will include a Rise of the Indian Consumer session on May 16 at the King Power Stadium, jointly organised with the UK India Business Council.
It will look at how to tap into the retail sector in India.
A further export week will take place in November.
Peter Hogarth, director for UKTI East Midlands, said: "The global economic centre of gravity has shifted towards high-growth markets and an increasing number of local firms are prospering by exporting to these markets.
"The latest regional trade statistics for the whole of 2012 show we have hit a record high for our total exports at £18.3 billion, up from £17.7 billion in 2011."
Fore more information about the UKTI events, go to the website:
www.exportweek.ukti.gov.uk
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