UK good exports declined by 6% in the year to June 2022, according to data from Coriolis Technologies and the Institute of Export and International Trade.

Scotland’s goods exports declined 17% in the period, with Wales recording a 10% drop in exports.

The report highlights supply chain resulting from Brexit and the war between Russia and Ukraine. 

Institute of Export & International Trade director general, Marco Forgione said: “Both the year on year and month on month figures show the number of UK exporters, export revenues and employee numbers continue to fall across all nations and regions.

"Research shows that companies which export are more profitable, more sustainable, employ more people, and are more innovative. Exporters will be key to reshaping the UK’s economy.

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"This is a time of uncertainty for UK business. As they face the impact of the cost of living crisis, double digit inflation, the ongoing global logistics issues and supply chain disruption, the government must focus on exporter support. Right now the government’s objective of achieving £1 trillion in exports looks incredibly challenging.”

Chief executive of Coriolis Technologies, Dr Rebecca Harding, commented: “The fact that our monthly exporter data is showing no sign of settling, and the overall pattern of exporter numbers, employment and revenues is downward, reinforces the picture of uncertainty for UK businesses with international trade profiles.”

According to the data, since June 2021, large, medium, small, and micro-sized companies have seen a fall in exporter counts of 1.3%, 4.0%, 4.6%, and 6.3% respectively, totalling an overall year-on-year drop of 4.9%.

The Institute of Export & International Trade was established over 85 years ago to support UK businesses in growing their international markets and trade.

The Institute is the leading association of exporters and importers providing education and training to professionalise the UK’s international traders.