According to the Office of National Statistics just 4,300 of Wales’s 105,360 enterprises were involved in exporting during 2018, with some 80 per cent exporting to the EU and 50 per cent to non-EU markets.
The international arm of Prosperity Wales, our new economic development agency, will develop a strategy aimed at widening the number of SMEs engaged in exporting and identify global markets where they can establish a comparative advantage. The strategy will include:
- Extending the Export Clusters programme that provides support networks for key business sectors.
- Identifying key international markets and matching these with Welsh businesses that have a strong export comparative advantage.
- Building export capacity with international trade advisers providing one-to-one business support.
- Expanding the Welsh network of overseas offices focusing on EU regions where we have already established relationships, including Brittany, the Basque Country, Catalunya, Flanders, Baden-Wurttemberg, Bavaria and North Rhein-Westphalia.