Goods export values by Welsh businesses have recovered beyond pre-pandemic levels and totalled £19.4 billion for the year ending September 2022, an increase of more than a third compared to the previous 12-month period and £1.7 billion higher than the year ending September 2019, Economy Minister Vaughan Gething has announced.
The latest provisional figures show Welsh goods exporters have demonstrated significant resilience amid ongoing challenges in the global trading environment, from the war in Ukraine to currency instability and the increased costs of shipping and energy.
Inspiring businesses to take up exporting, where it is right for them, has proved to be a key part of this. The Welsh Government’s Export Exemplars campaign highlights successful exporters, while intensive support is available to businesses with the potential to trade internationally via the New Exporter programme.
Trade missions and exhibitions in markets across North America, Europe, the Middle East and Asia have also enabled companies to meet potential customers in-person, while Wales’ success in qualifying for the men’s FIFA World Cup provided a platform to celebrate and promote Welsh exporters across the globe.
Online support has also been enhanced through the Export Hub, a digital platform hosted by Business Wales that offers companies access to a comprehensive resource of expert export information.
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