º£½ÇÊÓƵ exporters to the US anticipate their sales will expand more significantly than businesses selling goods and services to alternative markets, fresh survey data has revealed, raising optimism that trade will recover following the initial impact of tariffs.
Research conducted by YouGov has indicated that 45 per cent of companies distributing products to the US remain optimistic that sales across the Atlantic will increase over the coming three months, in contrast to 20 per cent for exporters to Germany and 17 per cent for exporters to Canada and Australia, as reported by .
The survey discovered that 27 per cent of exporters intended to boost sales to existing markets overall.
One in four businesses exporting goods and services to the US reported they had enhanced sales over the previous period in the country.
IT and telecoms expanded considerably, polling data indicated.
The majority of º£½ÇÊÓƵ businesses stated trading levels had increased over the past three months whilst one in three companies entered a new market, demonstrating firms' resilience against tariff threats and trade disruption.
The proportion of businesses reporting sales to China rose marginally compared to the first quarter of the year whilst EU nations proved more attractive for exports between April and June.
London is behind trade success
London Stansted owner Manchester Airports Group commissioned the survey alongside The Growing Together Alliance, with the findings indicating the government needed to assist "more companies go global". MAG chief executive Ken O'Toole expressed "cautious optimism" regarding the 0.3 per cent growth recorded in the second quarter, suggesting that the government's broader commitment to enhancing productivity levels would be reflected in patterns emerging from its trade survey, given that exporters demonstrated greater innovation, competitiveness and efficiency.
"What this data tells us is that British exporters are navigating global trade turbulence well," he said.
YouGov's survey revealed that London-based firms significantly outperformed companies from other regions, with 63 per cent of exporters boosting sales to established markets.
Approximately one in ten firms in the capital had also begun trading with China, whilst Italy and Canada emerged as the favoured destinations for expansion over the coming three months.
John Dickie, chief executive of BusinessLDN, urged the government to enhance aviation and rail capacity to "boost international links" and support businesses across London.
