Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what recent assessment his Department has made of global demand for UK automotive exports.
Global demand and interest in UK automotive exports is high. 80% of all cars made in the UK are exported, with nearly 60% of those going to the EU, and just under 15% to the USA.
The Society of Motor Manufacturers & Traders reported that in 2022 the automotive industry contributed £32 billion in exports (10% of total UK goods exports). UK factories made record numbers of electrified vehicles, boosting their exports to £1.3 billion and British commercial vehicle exports surged by 63.4%.
Our trade deals will further increase export opportunities for UK automotive businesses through tariff removal, flexible rules of origin, and efficient customs procedures. This will ensure the UK automotive sector continues to meet the overseas demand for UK cars.