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Our ambition, set out in the Export Strategy in November 2021, is for the UK to achieve £1 trillion exports per year by 2030. The latest Office for National Statistics figures show that UK exports were £758.5bn in the 12 months ending October 2022.<\/p>
<\/p>
Extrapolations of the Office for Budget Responsibility forecast suggest £1 trillion exports could be achieved by around 2035 without additional intervention. We recognise the speed by which the UK reaches this milestone will be impacted by macro-economic factors such as global demand and exchange rates. This has proven to be the case over the past year where we have experienced external shocks and a spike in inflation.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4601", "label" : {"_value" : "Biography information for Andrew Bowie"} } , "answeringMemberConstituency" : {"_value" : "West Aberdeenshire and Kincardine"} , "answeringMemberPrinted" : {"_value" : "Andrew Bowie"} , "dateOfAnswer" : {"_value" : "2023-01-12", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2023-01-12T11:28:02.813Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "202"} , "answeringDeptShortName" : {"_value" : "International Trade"} , "answeringDeptSortName" : {"_value" : "International Trade"} , "date" : {"_value" : "2022-12-20", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Trade Promotion"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for International Trade, when she expects the Government\u2019s target of exporting £1 trillion in exports via the Made in the UK, Sold to the World plan will be reached.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4479", "label" : {"_value" : "Biography information for Nick Thomas-Symonds"} } , "tablingMemberConstituency" : {"_value" : "Torfaen"} , "tablingMemberPrinted" : [{"_value" : "Nick Thomas-Symonds"} ], "uin" : "114752"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 1, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }