UK global tech exports to grow by a third by 2025

The UK’s global tech exports are predicted to grow by 35% in the next five years to £31.45 billion, according to a new report by Tech Nation. The latest findings revealed that the value of tech exports is to increase by an additional £8.15 billion by 2025, despite potential inhibitors such as the coronavirus pandemic or Brexit.

 

According to the organisation, the UK digital tech services sector currently exports a much greater value of goods than they import, which last year led to a trade surplus of 55%, approximately 7% more than the average trade surplus among the top 57 countries globally. Last year, the UK was found to be the fifth largest digital tech services exporter in the world, at £23.3 billion, after India, the US, China, and Germany.

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