SMEs are contributing to UK export growth, with 63% now exporting
Research by FedEx Express has found that small to medium sized enterprises are taking opportunity of the decline in the value of sterling, with exporting revenues contributing to 59% of exporting SME’s total revenues.
The digital economy has been a key contributor for exporting SMEs with 81% generating revenue through e-commerce, and 30% have reported increased growth in revenues over the last 12 months.
86% trade within Europe, with France (60%), Germany (56%) and Ireland (43%) the top exporting destinations.
38% export to the USA
53% of SMEs across Europe export to other continents.