Data released by HM Revenue & Customs (HMRC) and analysed by MTA show an increase in exports of +2.7% compared to the 1st half of 2012; the total value of exports is £250.2 million, the highest level for the 1st half of any year since 2001. On the same basis, imports of machine tool fell by -16.8% to £279.3 million, although this mainly reflects a strong start to 2012 which was also distorted by the arrival of a large “one-off” shipment - this is illustrated by the fact that, apart from last year, the 2013 figure is also the highest since 2001.
China remains the largest export market, with growth (compared to the 1st half of 2012) of +14%, while exports to the USA increased by +54% and India was up by +59%. Data on trade with the individual countries of the EU is less reliable; overall, exports to the rest of the EU fell by -1%, but deliveries to Germany grew by +14%.
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