63% of SMEs now exporting as they take advantage of sterling’s decline

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.
Further findings:
  • 38% export to the USA
  • 53% of SMEs across Europe export to other continents.
Ed Clarke, managing director, UK Ground Operations, FedEx Express, said:
“To continue this upward momentum, governments and businesses across the world should play an increasingly important role to align SMEs exporting ambitions with the digital economy – providing more opportunities to reach new markets and customers.”
Contact Condies to discuss business exporting.

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Condies is a progressive chartered accountancy practice with offices in Dunfermline and Edinburgh. The firm was established in the 1920s and has a growing client base throughout Scotland, ranging from individuals and family businesses to professional partnerships and large commercial companies. Condies offers a range of compliance and value-added services and specialises in a variety of industry sectors.