Export boom for region

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EXPORTS from the North East reached another record high for the 12 months to the end of June, according to a report.

It brings the annual total up to £14billion.

The figures represent an increase of 7.8 per cent for the region compared with a year before, despite a 6.3 per cent fall in value of exports in the last quarter.

But exports look likely to pick up, despite the dip from the record £3.6billion in the first quarter when the North East was one of only three regions of the UK to show growth.

Car manufacturing still makes up the lion’s share of the region’s exports, with the continuing success of Nissan leading the industry’s overseas sales.

The plant, which now employs more than 6,200 workers, has not only seen the growing popularity of its Juke and Qashqai models, of which 1,200 are now made every day, but also has plans to make the new Invitation model on the site.

The pharmaceuticals industry is also responsible for a large proportion of overseas sales, and the iron and steel industry exports nearly £400million.

The figures come after the Government set a £1trillion target for boosting exports by 2020.