Exports help firms out of recession

xtremely encouraging: Michelle Daniel
xtremely encouraging: Michelle Daniel
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Companies from the Sheffield City Region are continuing to export their way out of recession, according to the South Yorkshire International Trade Centre.

Local firms are bucking the national trend, according to the SYITC, which says the volume of export documentation it processed during April and May was 20 per cent up on the same period last year.

The organisation says the value of exports on documents produced during May alone was more than £19 million and it reckons that only represented 20 per cent of overall exports for the region, since exports to the European Union and North America don’t need documentation and some exports go abroad indirectly, through UK supply chains.

The rise in export documentation comes on the back of national figures that show exports from the UK have fallen by 8.6 per cent and builds on a 10 month period during which export documents processed by SYITC for local firms rose by 25 per cent.

According to SYITC, the biggest volume of documents were processed for firms exporting to the United Arab Emirates and Turkey. What’s more, last month saw a doubling of consignments to China and a 46 per cent rise in exports to India.

SYITC international trade manager, Michelle Daniel, said: “It is extremely encouraging to see such positive figures from the Sheffield City Region, particularly as they are going against the current national trend.

“International trade is an increasingly vital area of business growth and it’s important that businesses look to global markets to provide them with the opportunity to generate vital revenue, ultimately having a positive effect on our economy.”

SYITC is a partnership involving South Yorkshire’s Chambers of Commerce and recently joined forces with Sheffield Enterprise Agency as part of a new Sheffield Export Support Programme launched by Sheffield Chamber of Commerce

The partners are working with more than 20 SMEs from the region to increase their sales around the world.