Wales recorded a trade deficit of more than £3bn last year, latest figures reveal. Last month, BusinessLive reported that firms in Wales exported £19.4bn worth of goods to markets across the world in the year ending September 2022.
This was up 36.6% by £5.2bn compared to the previous 12-month period and £1.7bn more compared to pre-pandemic levels (year ending September 2019).
However, provisional figures from the Welsh Government show imported goods to Wales were valued at £22.8bn in the year ending September 2022. This was up almost 50% at £7.5bn on the same period the previous year and £4.4bn more when compared to the pre-pandemic year ending September 2019.
