The total value of British exports grew by around £14 billion in the year to November 2018, new figures have revealed.
The report, published by the Department for International Trade (DIT), shows that exports, including goods and services, were worth £630 billion to the UK economy last year.
The latest figure represents 32 months of consecutive growth on a 12-month rolling basis.
In total, exports to the USA grew by 6.9 per cent, to £54.9 billion, while exports to Australia, New Zealand and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) grew 2.9 per cent, 3.8 per cent and 4.2 per cent respectively.
Likewise, goods exports to other non-EU markets, such as Nigeria (up 29.2%), India (up 27.3%), and Thailand (up 18.5%) grew rapidly.
The report follows a recent study which found that the UK retained its position as the “top tech investment destination in Europe”. The figures, published by Pitchbook and London & Partners, show that London alone received £1.8 billion in tech investment in 2018 – more than Berlin and Paris combined.
Commenting on the report, International Trade Secretary Liam Fox said: “Today’s statistics once again show UK businesses are exporting with more confidence than ever before, as total exports rise to a record high of £630 billion. As my colleagues and I have witnessed on ministerial visits up and down the country, businesses are simply keen to continue meeting demand for their products from all corners of the world.
“As we start the New Year, I encourage all businesses to mark 2019 as a year for overseas expansion. Whether you are a small business seeking help to sell abroad for the first time, or an established exporter looking to break into new markets, my international economic department stands ready to offer its full support.”