ONS data shows that UK exporters ended last year on a high. Total exports hit a record high in the final quarter of 2011, as did exports to non-EU countries.
The record levels exports has made some headway into the overall trade deficit and points to signs of rebalancing across the economy. It is critical this trend continues through 2012, given the reliance on net trade and investment to drive GDP growth this year.
So, what is the outlook for exports in the year ahead? See our blog post from earlier in the week: here.