Looking for a used or new machine tool?
1,000s to choose from
Machinery-Locator
Hurco MPU Bodor MPU XYZ Machine Tools MPU Ceratizit MPU

Machinery-Locator
The online search from the pages of Machinery Market.

Trumpf TruLaser 5040 Laser Cutting Machine
This Trumpf TruLaser 5040 Laser Cutting Machine was made in 2009 in Germany and has 28400 working ho
This Trumpf TruLaser 5040 Laser Cutting Machine was made in 2009 in Germany and has 28400 working ho...
GINDUMAC GmbH

Be seen in all the right places!

Advanced Engineering 2022 Manufacturing Indonesia 2022 TIMTOS 2023 MACH 2024

First signs of Russian sanctions biting adds to exporting uncertainty

Posted on 24 May 2022 and read 483 times
First signs of Russian sanctions biting adds to exporting uncertaintyPhoto: Pixabay

The Office for National Statistics (ONS) reported a recovery in UK exports in February 2022 from December 2021, but this was short-lived according to the latest Exporter Monitor by Coriolis Technologies and The Institute of Export & International Trade (IOE&IT), as the data suggest that compared to March 2022 the number of exporters fell back in April 2022 by 3.1%, employees by nearly 6%, and revenues by nearly 4%. A total of 61,915 businesses exported in April 2022, accounting for some 13,302,762 employees and £4,857,689,565 in turnover.

The IOE&IT says the outlook for the coming months looks difficult for UK exporters, especially given the current geopolitical situation. “Our projections suggest that there could be a mild uptick during May. However, the June and July forecasts show that exporter numbers will flat-line at best; at worst, any May growth will be short-lived.

“During April, the numbers of small businesses exporting dropped the most steeply, by some 4.31%, while the drop in larger exporters was much smaller at 1.3%. However, in terms of revenues and employees, it is the larger businesses that are showing the greatest decline, of over 4% in revenues and over 6% in employment compared to a year earlier.

“This is particularly concerning because many smaller businesses rely on the supply chain effects of larger businesses, and if these are falling back, it presents a real challenge to UK originating export supply chains in the future.”