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Welsh Exports up to Quarter 2, 2011
Welsh exports for the four quarters up to and including 2011 quarter 2 were up 31.4 per cent on the previous four quarters (sum of the devolved countries and English regions up 15.0 per cent). Figures for 2011 quarter 2 in isolation were up on the same quarter of 2010 and down on the previous quarter.
The key results are as follows.
- The value of exports for Wales for the four quarters up to and including 2011 quarter 2 increased by £3,117 million compared to the previous four quarters.
- There was an increase in exports to both EU and non-EU countries, up £841 million (17.5 per cent) and up £2,276 million (44.5 per cent) respectively.
- All of the twelve devolved countries and English regions saw increases over this period, with Wales having the largest increase followed by London (24.9 per cent) and the West Midlands (22.0 per cent). The smallest increase was in the North West (up 6.4 per cent).
- Between 1999 and the latest four quarters there was a 104.0 per cent increase in Welsh exports, the second largest behind the North East. This compares with an increase of 62.0 per cent for the sum of the UK countries and English regions. Scotland was the only region to see a fall over this period.
- Looking at 2011 quarter 2 in isolation, total exports (by value) for Wales rose on the corresponding quarter in 2010 by £434 million (up 14.8 per cent) to £3,367 million. All of the twelve devolved countries and English regions had increases over this period with the East having the largest increase (up 21.7 per cent) and the South East the smallest (up 0.4 per cent). Overall, the value of exports for the sum of the UK countries increased by 10.9 per cent.
- Welsh exports for 2011 quarter 2 were lower in value than in the previous quarter (down £114 million or 3.3 per cent), whilst the sum of the UK countries and English regions fell by 2.0 per cent. Six of the twelve devolved countries and English regions saw falls over this period with Wales having the second lowest decrease. The remaining six regions/UK countries had increases over this period with Yorkshire and the Humber having the largest increase (up 8.9 per cent).
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8 December 2011