Source: Scottish Widows

OPPORTUNITIESINTERNATIONAL TRADE: BRIDGING THE GAP

Source: CBI

The UK remains a net importer of goods and services and export

figures are going in the wrong direction.

9.5%INCREASE IN TOTAL

TRADE EXPORTS (TO £24.1BN)

11.7%INCREASE IN TOTAL

TRADE IMPORTS (TO £35.2BN)

Source: HMRC

Figures for February 2016 compared with January 2016

Source: UKTI

To help address this 2.2% deficit the Government aims to increase the value of exports to £1tn by 2020.

To help address this 2.2% deficit the Government aims to increase the value of exports to £1tn by 2020.

According to the CBI, 28% of medium-sized businesses don't sell overseas because of having

difficulty identifying the right opportunities.

Source: UKTI

28%

Where are the opportunities?

Top 5 trading partners (Jan 2016)

Source: HMRC

EXPORTS

THE US

£2.9bnSWITZERLAND

£1.9bn

GERMANY

£2.5bn

FRANCE

£1.4bnTHE NETHERLANDS

£1.3bn

Source: WTEx

73% of all UK exports are to just 15 countries

Where are the opportunities?

THE US

CHINAFRANCE

SAUDI ARABIA

ITALY

UAE

GERMANY

SWEDEN

IRELAND

BELGIUM

THE NETHERLANDS

SPAIN SWITZERLAND

HONG KONG

SOUTH KOREA

Source: WTEx

Fastest growing export markets for UK (2011-2015)

CHINA

+94%

SOUTH KOREA

+73%SAUDI ARABIA

+36%

UAE+24%

Where are the opportunities?

Source: HMRC

Where are the opportunities?

EXPORTS NON-EUEXPORTS TO EU

Motor vehicles

Mechanical appliances

Pharmaceutical products

Mineral fuels

Electronic equipment

Precious metals

Mechanical appliances

Motor vehicles

Pharmaceutical products

Electronic equipment

Top 5 commodities traded (Jan 2016)

Factors discouraging businesses from trading internationally and how to overcome them

Source: HMRC

Uncertainty of opportunitiesGovernment bodies such as UKTI and UKEF

as well as professional advisors and banks can provide information about opportunities in overseas markets and help businesses

to assess the value of global trade.

Factors discouraging businesses from trading internationally and how to overcome them

Source: HMRC

2 RiskRiskInternational trade can increase your business’

risk profile. However, your bank can provide financial instruments to help mitigate that

risk to a level you are comfortable with.

Factors discouraging businesses from trading internationally and how to overcome them

Source: HMRC

FundingIn addition to funding from your bank,

the Government runs a number of guarantee schemes that can support your

overseas growth plans.

Find out how Lloyds Bank can help you make the most of international opportunities.

commercialbanking.lloydsbank.com/products-and-services/international-trade/international-trade-overview/

While all reasonable care has been taken to ensure that the information provided is correct, no liability is accepted by Lloyds Bank for any loss or damage caused to any person relying on any statement or omission. This is for information only and should not be relied

upon as offering advice for any set of circumstances. Specific advice should always be sought in each instance.

Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 0207 626 1500.

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