Entrepreneurship, Innovation, Growth. The UK is the sixth largest trader in the world, and the third largest exporter of services. (2010) Total TradeTotal.

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Presentation transcript:

Entrepreneurship, Innovation, Growth

The UK is the sixth largest trader in the world, and the third largest exporter of services. (2010) Total TradeTotal ExportsGoods tradeGoods ExportsServices Trade Services Exports USA ChinaUSA China USAGermany UK Japan China FranceNetherlandsFranceNetherlandsJapanFrance UKFranceNetherlandsFrance Japan NetherlandsUK S. KoreaIndiaSpain ItalyS. KoreaItaly NetherlandsSingapore S. KoreaItalyS. KoreaBelgiumSingaporeNetherlands Hong Kong UKSpainIndia

Balance of trade

Growth

UK Market Share of Exports to Key Markets South Africa 6.8%France 5.9%USA 4.6%Germany 4.5% Egypt 4.0%Turkey 3.0%Russia 2.9%Singapore 3.3% India 2.7%Hong Kong 2.3%Brazil 1.8%Japan 1.5% Malaysia 1.5%S. Korea 1.2%Thailand 1.1%Colombia 1.0% China 0.9%Indonesia 0.7%Mexico 0.6%

The opportunity

West Midlands Export Growth

West Midlands Exports (ex EU)

So what next? Engage new companies Broader reach into new markets Deepen penetration Support for companies