Known for its picturesque countryside and leafy suburbs, Surrey is hardly perceived as an export hub. With this in mind, it might come as a surprise to some that, according to the Surrey Chambers of Commerce, businesses in Surrey exported GBP 71 million worth of goods to over 91 non-EU markets in 2016. In 2018, based solely on figures from export documentation support offered, they estimated the value of exports from Surrey to be GBP 136.2 million. Here is a breakdown based on sector:
Growth in export for UK
In general, the UK has seen a rise in the value of its international trade in the last couple of years. Figures from the Office for National Statistics indicate an increase of 6.6% in the number of SMEs exporting to overseas markets in 2017. This may be a reflection of the support now available to SMEs across different regions in the form of various chambers, export organisations and international trade advisers.
The graph below highlights the total value of the UK’s import and export trade in goods for the year ending December 2018.
There was an increase of 2.6 per cent both in the value of import and export trade in the UK during this period.
Surrey as an export hub
Surrey has proactively made a mark for itself within the UK economy with 2.4% of Surrey-based enterprises having an annual turnover of over GBP 5 million in 2018 as compared to the England average of 2.3% for the same year (Source: Surreyi).
From space satellites (Surrey Satellite Technology Ltd) to supercars (McLaren), Surrey manufactures all manner of products for worldwide export. Woking-based McLaren, for instance, trades with nearly 30 countries.
Baroness Rona Fairhead, Minister of State for Trade and Export Promotion said there were a number of international trade advisers based “on the ground in Surrey” to help provide SMEs with information about the market and to set them up with distributors and funding.
In 2018, Surrey Chamber’s International Trade team processed over 4400 export documents for 72 different countries, mainly Saudi Arabia, UAE and Turkey. This required ensuring the documents were in the right language, in line with the legal requirements of the country.
Whether you are an established international business or you have just started exporting, having the support of an experienced translation provider can help you take your product and services to your target market, work your way through legal barriers, customise your marketing activities and ensure effective communication with your local suppliers.
Giving local businesses a global voice
As part of the Surrey and Hampshire Chambers of Commerce and Federation of Small Businesses, Surrey Translation Bureau have been able to provide professional translation services to SMEs in and around Surrey to help them grow internationally.
In the last three years alone, around 33% of all of our corporate clients came from Surrey. We have translated websites, technical manuals, allergy advice, legal documents and product labels for them, just to name a few.
“I just wanted to say thank you for the French Templates, they are flawless. They have all been translated perfectly and our French clients have been very responsive to our correspondence.
We will 100% keep Surrey Translation in mind when we next require your services.”
Zack Deris, Head of Business Development, DLT Media, Surrey
If you are based in and around Surrey and thinking about your export plans, come and have a chat with us over a cup of tea (or coffee!) or email firstname.lastname@example.org
Written by Marya Jabeen