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France increases reliance on region's goods
FRANCE has overtaken the US as a major buyer of North-East goods, but total exports from the region have continued to fall, according to a new report.
The latest quarterly figures show exports decreased in the North-East in the 12 months to June, with the region's imports also falling.
A HM Revenue and Customs report shows France now buys more North-East products than the US, driven by the machinery, chemicals and transport sectors, though the Netherlands remains the top importer of goods from the region.
The report says the value of all combined UK exports and imports increased compared to the same quarter last year, with imports rising everywhere expect Wales.
It said the total number of exporters rose has risen year-on-year, apart from in Yorkshire, the West Midlands, Scotland and Northern Ireland, with England seeing export values to Switzerland increase.
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