Asia Automotive Market Rises for UK
According to a recent report, Asia became the fastest-growing export market for the UK automotive sector last year, but the EU still remains its biggest customer.
Value of exported goods from the UK and Asia increased by 21% from 2016.
However the report found that the EU remains the largest export market for the UK in absolute terms, with 45% of UK exports.
Eight out of the UK’s top ten import markets are within the EU, accounting for 84% of imports in 2017.
The UK car industry is the ninth largest car exporter in the world, with a total worth of exported goods at £40bn. And the automotive sector within the West Midlands was responsible for 50% of output and 36% of turnover.
The sector now accounts for 15% of overall UK manufactured exports.
If you would like to find out more about Zenith’s supply chain solutions, then please call 08453 701804 or email email@example.com.
Next year, a charge will be imposed on older trucks calling at DP World's Southampton container terminal, encouraging hauliers to replace older vehicles.DP World UK released a letter to customers explaining that after Southampton City Council cancelled a plan for a...
Truck manufacturers have recently stated that they could reduce CO2 emissions by more than a quarter if there is an introduction of 32 metre (105 ft) long vehicles to Europe’s roads.Plans are already in place to bring down the total CO2 emissions from road transport....
Last week, legislation was approved to ensure truck and lorry manufacturers based in the EU will have to reduce CO2 emissions for new vehicles by 15% by 2025 and 30% by 2030.The EU Parliament which approved the legislation, will also force manufacturers to ensure 2%...