Welsh Labour's Economy Secretary, Ken Skates has congratulated businesses in Wales after the latest statistics revealed that Welsh exports were up by nearly 12 per cent in the year to March 2017 and increased at a faster rate than the UK as a whole.
The recently published Welsh exports statistics for April 2016 to March 2017 show that exports in Wales were up by 11.9 per cent on the previous year with a rate of growth that was 0.7 per cent above the UK average.
This means the value of Welsh exports in 2016/17 increased by £1,390 million on the previous financial year.
The statistics show that Germany remained Wales’ top exporting partner in 2016/17 with total exports valued at £2,978m. It was followed by France (with total Welsh exports of £2,242m) and the USA including Puerto Rico (with total Welsh exports of £1,676m.)
The quarterly statistics also reveal that exporting companies in Wales got off to a strong start to the year with exports for the period from January to March 2017 growing by £150m on the previous quarter.
This equates to an increase of 4.4 per cent on October to December figures and represents a growth rate that is more than two and half times the 1.6 per cent rate of increase experienced in the UK as a whole.
The latest Welsh exports figures can be found here.