Derry and Strabane recently reported the highest growth in exports to the European Union at 33 per cent in the North, a senior Invest NI director has said.
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00:00We are still in the relatively early days of the post-EU exit era.
00:03However, there are signs that Northern Ireland is faring better than other parts of the UK in terms of manufacturing exports to the EU.
00:10Between 2022 and 2023, Northern Ireland saw an increase in its
00:15manufacturing exports to the EU of 14%. By contrast, exports from Wales were largely flatline.
00:21Those from England declined by 4% and Scottish exports were down by 11%.
00:26Growth in exports to the EU has been across almost all parts of Northern Ireland, with Derry and Strabane
00:32achieving the highest growth of nearly 33% in 2022.
00:35This reflects the importance of the regions in driving Northern Ireland's economic growth and how they have a pivotal role in driving economic growth.
00:44Furthermore, companies are diversifying where they export to, with a number of
00:48non-traditional export markets in the EU seeing an uplift in products sourced from Northern Ireland, in
00:53particular, Denmark, Poland, Portugal and Bulgaria have seen impressive growth as a result of
00:58export destination for Northern Ireland goods and services.
01:02In summary, our dual market access position gives Northern Ireland a unique competitive advantage that we are keen to maximise.
01:08Our Economy Minister, Conor Murphy, is actively supporting Invest Northern Ireland to promote this, including on a recent trade mission to Chicago and Toronto.
01:15And later this month, he will also be leading a business roundtable focused on dual market access in Berlin, as we continue to spread the
01:22message across Europe, educating the market about our proposition.