The British Chambers of Commerce (BCC) has warned that small and medium-sized enterprises (SMEs) that export are facing ‘tightening pressure’ as a result of decreasing export sales.
The BCC’s quarterly Trade Confidence Outlook report, which polled more than 2,300 SMEs, showed that 27% of exporters recorded decreased export sales during the fourth quarter of 2022.
The survey showed that 26% of businesses saw increased export sales, whilst 47% reported no change. 36% said they expect to see increased profitability in the next 12 months; however, 35% anticipate a decrease.
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