IoD survey finds UK businesses anticipate growth in exports

A survey conducted by the Institute of Directors (IoD) has found that 42% of UK businesses that trade internationally expect to see an increase in their exports over the coming year.

The survey also revealed that 47% of businesses are still finding Brexit challenging, and just 33% envisage opportunities materialising as a result of Brexit.

Additionally, 28% of firms reported that supply chain disruption has had a negative impact on their business, and 12% have an exportable product but are not currently exporting.

Commenting on the findings, Emma Rowland, Policy Adviser for Trade at the IoD, said:

'There is no doubt that smaller businesses in particular are finding the current international trading environment challenging. Importers and exporters feel especially constricted by the UK's new trading relationship with the EU.

'It is therefore encouraging that, in spite of these barriers, businesses are anticipating an increase in exports over the coming months. There are opportunities that give traders reason to be optimistic.'

Internet link: IoD website

Home | Contact us | Site map | Accessibility | Disclaimer | Help |

© 2022 Douglas Shaw Limited. All rights reserved. We use cookies on this website, you can find more information about cookies here.

Douglas Shaw Limited, 7 Brenkley Way, Blezard Business Park, Seaton Burn, Newcastle upon Tyne NE13 6DS
Douglas Shaw is the trading name of Douglas Shaw Limited. Registered in England No. 4393682.
Registered to carry on audit work in the UK by the Institute Of Chartered Accountants in England & Wales.
Details about our audit registration can be viewed at www.auditregister.org.uk under reference number C009189427.