North East’s international trade is on the increase

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NORTH East exports are continuing to grow, with another record high for the 12 months to the end of September 2011.

Figures from Revenue and Customs show the region was one of only four in the UK to record a growth in the three months to the end of September, with exports from the region reaching £3.326billion.

The figures represent an increase of about 16 per cent on the 12 months to end of September 2010, compared to a national increase of just under 14 per cent per cent.

The number of North East companies involved in international trade also saw a small increase in the last quarter, with 1,090 firms now exporting goods around the globe.

David Coppock, UK Trade and Investment Regional Director said: “The region has enjoyed another good export performance this quarter, our third highest, and the total for the past 12 months is again at a record level for the region.

“It’s encouraging to see more companies taking up the challenge.”