The UK is the second biggest exporter in the world – of services. How can we exploit this in the new world order?
This online Panel Discussion – organised by Devonshire House and collaborating with The Institute of Export and International Trade and with BDO on 8.7.20 – is aimed at discovering what this statement means and where the opportunities lie in the hugely uncertain business world now unfolding. This Position Paper offers additional information to those seeking a more in-depth understanding – primarily senior executives who ought to be exporting or exporting more. There is also an element of celebration about this – something at which the UK is genuinely good at in world terms – and needs to capitalise on it.
The UK is the second biggest exporter of services in the world. In 2019, the UK exported £326bn in services (with a surplus of £104bn) and £372bn in goods (with a deficit of £130bn.) A net deficit seems to be the norm.