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Statistics

Welsh exports

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  • Release date: 6 December 2016
  • Period covered: Quarter 3 2016
Data includes information by destination and product sector.

The value of exports for Wales for the year up to and including September 2016 was £11.8 billion, an increase of £31 million compared against the previous year.

Key points

  • There was an increase in exports to EU countries of £282 million (3.7 per cent) and a fall in exports to non-EU countries of £251 million (down 6.2 per cent). Exports to the EU accounted for 67.6 per cent of Welsh exports compared to 49.4 per cent for the sum of the UK countries and English regions.
  • Five of the twelve UK countries and English regions had increases with the West Midlands having the largest increase (up 10.1 per cent) followed by East (up 7.7 per cent). The remaining seven regions saw falls over this period, with Scotland having the largest percentage decrease (down 7.3 per cent) followed by the North East (down 7.1 per cent).
  • Looking at 2016 quarter 3 in isolation, total exports (by value) for Wales were up on the corresponding quarter in 2015 by £106 million (up 3.7 per cent) to £2,944 million. 11 of the twelve UK countries and English regions had increases over this period. Scotland had the largest percentage increase (up 21.6 per cent) whilst Yorkshire and the Humber was unchanged. Overall, the value of exports for the sum of the UK countries and English regions increased by 9.4 per cent.
  • Welsh exports for 2016 quarter 3 were lower in value than in the previous quarter (down £141 million or 4.6 per cent), whilst the sum of the UK countries and English regions fell by 1.5 per cent. Ten of the twelve UK countries and English regions fell over this period with the North West having the largest fall. Scotland and the South East increased (up 18.0 and 1.0 per cent respectively).

Methodological change

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.

Further information

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

Contact

Statistician
Tel: 029 2082 6606
Email: economic.stats@wales.gsi.gov.uk

Media
Tel: 029 2089 8099

Details

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