US tops export destination list for UK SMEs

The United States is the number one export destination for UK SMEs, according to new research from Barclays Business, with over half of SMEs (55 per cent) selling goods and services overseas targeting the US.

France and Germany followed behind the US, with 53 per cent and 51 per cent of UK SMEs exporting to these countries respectively. While the top ten export countries are dominated by Britain’s European neighbours, Canada (7th) and Australia (10th) also feature on the UK’s top ten SME export map in the Barclays research.

Overall, Europe is the most popular continent UK SMEs export to, followed by North America. Asia and the Middle East are joint third place. Oceania, Africa and Latin America appear at the bottom of the export list.

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