The majority of English regions and Wales are seeing a downward trend in their share of manufacturing exports to the EU suggesting a potential structural shift in the UK’s trade patterns, according to analysis published today by Make UK and accountancy and business advisory firm BDO.
The analysis of official data as part of the Make UK/BDO Regional Manufacturing Outlook Report 2023 shows that the UK’s overall share of manufacturing exports to the EU increased in 2022 to 52% from 50% in 2019. However, this was a result of sharp increases in the share of exports to the EU from Northern…
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