Northern Powerhouse goods exports on the rise

The official figures released recently show that the demand for goods made in the Northern Powerhouse has grown by 3.5% over the last year, and 16.1% since 2010.

Steady year on year and quarter on quarter growth in exports from the Northern Powerhouse shows the strength of the northern economy as the United Kingdom prepares to leave the European Union next March.

The combined value of all goods in Q2 2018 was £14.9 billion, £2.1 billion more than the same time in 2010.

Also, the value of goods on the quarter in 2018 rose from £14.5 billion in Q1 to £14.9 billion in Q2.

The figures also show that exports from across the Northern Powerhouse rose by £497million from Q2 2017 to Q2 2018.

Machinery and transport, chemicals and manufactured goods are the biggest exports from the Northern Powerhouse regions – worth a combined total of £11.2 billion.

Northern Powerhouse Minister Jake Berry MP, said: “These figures show that the Northern Powerhouse is delivering for exporters across the whole of the North of England.

"As we prepare for Brexit, the exporters of the North are rising to the challenge. These figures prove that the feeling of optimism about our growing Northern economy I witnessed this summer as part of my tour of the North is real and creating jobs, wealth and growth across the region.”

The  figures from Her Majesty’s Revenue & Customs show the European Union is the biggest destination for northern exports, followed by Asia & Oceania.