Night time economy framework »The framework aims to help develop a sustainable, healthy and safe night time economy in Wales.Learn more »
The Great Repeal Bill: Welsh economy needs certainty, clarity and reassurance - Carwyn Jones
First Minister Carwyn Jones is calling on the UK government to provide Welsh businesses with the clarity and certainty they need.
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In this section
Section highlightLandfill Disposals Tax Communities Scheme
The scheme will support local community and environmental projects in areas affected by the disposal of waste to landfill.
Final Budget 2017-18 »
The amount of funding allocated to Welsh Government Main Expenditure Groups (MEGs) for 2017-18 is £15bn.Learn more »
- Statistics & Research
- The value of exports for Wales for the year up to and including December 2016 was £12.3 billion, an increase of £725 million compared against the previous year.
- There was an increase in exports to EU countries of £514 million (6.6 per cent) and an increase in exports to non-EU countries of £212 million (5.5 per cent). Exports to the EU accounted for 66.9 per cent of Welsh exports compared to 49.1 per cent for the UK.
- Nine of the twelve UK countries and English regions had increases with the West Midlands having the largest percentage increase (12.3 per cent) followed by South East (11.9 per cent). The remaining three regions saw falls over this period, with Yorkshire and The Humber having the largest percentage decrease (1.2 per cent) followed by the North East (1.1 per cent).
- Germany was the top export destination accounting for 23.7 per cent of exports, a decrease from 24.8 per cent for the previous year.
- Exports from Wales are dominated by ‘Machinery & transport equipment’ which made up 45.1 per cent of exports.
HM Revenue and Customs (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 four quarters ending in June 2016.
Data are available under the new methodology from 2013Q1. It is inappropriate to compare current data with data prior to 2013.
Key results and StatsWales are published quarterly and a report will be published every 6 months.
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