Bleak Trade Picture For Most SME Exporters
BCC’s Trade Confidence Outlook for Q2 2024 shows most SME exporters' overseas sales are flatlining. More than half of all SME exporters (52%) saw no change in overseas sales, and 21% reported a decrease. Just over a quarter of exporting SME firms (27%) saw their overseas sales rise in Q2. BCC’s SME export sale indicator has consistently underperformed compared to domestic sales indicators since the pandemic. The Trade Confidence Outlook, conducted by the BCC’s Insights Unit, is a survey of just under 2,000 UK SME exporters.