Value of Welsh exported goods exceed pre-pandemic levels
Economy Minister Vaughan Gething has confirmed the value of Welsh exported goods totalled £19.4 billion for the year up to September 2022, an increase of more than a third compared to the previous 12-months.
The latest figures are also £1.7 billion higher than the year ending September 2019 – before Covid struck.
Officials say the latest provisional figures show Welsh goods exporters have demonstrated “significant resilience” amid “ongoing challenges” in the global trading environment, from the war in Ukraine to currency instability and the increased costs of shipping and energy.
Global issues
“Global issues have had a major impact on Welsh exporters already contending with the issues brought about by the UK’s exit from the EU and the Covid pandemic,” Mr Gething said.
“Despite this, we are continuing to deliver our ambitious Export Action Plan, as part of our Programme for Government, and it is testament to our exporting businesses that Wales’ export performance has exceeded its value before the Coronavirus pandemic.
“Wales has so much to offer the world, and we will continue to work closely with our export support ecosystem to support businesses in Wales grow their international trade and to build on the solid platform that has been laid over the last twelve months.
“Exporting can be a pathway to future prosperity for Wales, but the global trading market remains unpredictable, and our economy is still recovering. We need to be able to react and respond to global conditions to best support the needs of businesses on a journey to export success.”
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We need some good financial news at the moment, and this appears to be it.
Pity Vaughan does not have a twin, then one could have stayed as Health Minister, he has to be the person to watch in the Senedd to replace MD…
Well he’s good at getting his face in the media and claiming the success of others, so that should qualify him.
Well done the Welsh business in achieving this record level of exports.
Interesting how Gethin has jumped on the news and claimed credit for it.
Presumably he had done all the work and the businesses did nothing….
Remarkable really that we have any surviving industry and commerce. Most of Senedd squatters seem to think that the public sector IS the economy. Time they wised up and understood that a native farm sector should have food production as its primary focus instead of looking for any excuse to divert good quality land to other uses. If agri has some weaknesses, and it does, work with it to secure improvements. Right now they seem hell bent on shutting it down and shipping even more food in from overseas. Is the concept of food miles no longer fashionable among the… Read more »
Would like to see how this is made up
How about detailing other revenue for instance Electricity, Water and not forgetting Tourism