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Welsh exports

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  • Release date: 9 June 2017
  • Period covered: Up to quarter 1 2017
  • Next update: 7 September 2017
Data includes information by destination and product sector.

Key points

  • The value of exports for Wales for the year ending March 2017 was £13.0 billion, up £1,390 million compared to the previous year.
  • There was an increase in exports to EU countries of £1,010 million (13.0 per cent) and an increase in exports to non-EU countries of £380 million (9.8 per cent). Exports to the EU accounted for 67.4 per cent of Welsh exports compared to 49.0 per cent for the UK.
  • All of the twelve UK countries and English regions had increases with West Midlands having the largest increase (up 17.9 per cent) followed by the South East (up 14.8 per cent). The smallest increase was seen in the North East (up 4.2 per cent). Wales saw the fifth largest increase.
  • Germany was the top export destination accounting for 22.9 per cent of exports, a decrease from 25.3 per cent for the previous year.
  • Exports from Wales are dominated by ‘Machinery & transport equipment’ which made up 45.3 per cent of exports.

Methodological change

HMRC have revised the methodology used to calculate Regional Trade Statistics. Business trade is now allocated to a region based on the proportion of employees in that region rather than where the location of the Head Office of the business is. Under the old methodology Welsh EU exports accounted for 39.2 per cent reported for the four quarters ending in June 2016. The new methodology stands at 67.4 per cent for the year ending in March 2017.

Data are available under the new methodology from 2013Q1. It is inappropriate to compare current data with data prior to 2013.

Further information

Key results and StatsWales are published quarterly and a report will be published every 6 months.


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