LONDON: The value of exports from Wales has increased by nearly a fifth over the last year, according to latest regional trade figures. This 19% increase is also higher than the UK average rise of 16%, said HM Revenue and Customs.
Germany remains Wales’ biggest market but there were big increases in exports to both France and the United States. Imports into Wales also rose by 20% in the year to September, with the largest percentage rise coming from Norway.
All four UK countries saw an increase in the value of exports and imports. Exports to Germany from Wales were worth £3.2bn over the past year, a rise of 8.3%. Exports to France and the Netherlands both rose by more than a quarter. It included a 17% rise in the machinery and transport sector. Imports from the United States were worth £2.3bn, a rise of nearly 17%.
