Marine export growth up 4% YoY

Lesley Robinson Lesley Robinson: “We are delighted to see the marine industry continuing to prosper." Image: British Marine
Industry Database

New figures released today by British Marine have revealed the UK’s marine exports have grown by 4% to £1.5bn in 2018/19, higher than national average export growth.

The Key Performance Indicators for the leisure, superyacht & small commercial marine industry report shows that new and used boat sales now account for 78% of the industry’s exports, while exports to Europe account for 74% of the total and now stand at a value of more than £1bn.

Lesley Robinson, CEO of British Marine, stated: “We are delighted to see the marine industry continuing to prosper – providing a significant number of jobs to the UK economy. In particular, it is encouraging to see the growth of the boat manufacturing sector, which now accounts for one in four jobs in the entire sector.”

The UK’s 5,800 marine businesses directly contributed £1.4bn gross value added (GVA) to the country’s economy, an increase of 17% from 2017/18. Total industry revenue climbed to nearly £4bn in 2018/19, a 10% increase on the previous year. Boat and equipment manufacturing experienced the highest levels of growth at 15%.

The new data also highlighted the challenging environment that some parts of the sector face due to political uncertainty. The boating tourism sector in particular has experienced challenging conditions due to a Brexit-related dip in domestic consumer confidence.

Latest Press Releases

Entries are Open for The International Paint Poole Regatta 2020

Enter the International Paint Poole Regatta today at Read more

MS Amlin Are Doing the Double

MS Amlin Boat Insurance is doing the double by sponsoring the International Paint Poole Regatta and,... Read more

Fifteen Young People Set Sail for the First Time with The Poole Boat Show and Ocean Youth Trust South

In August 2019 15 Dorset teenagers set sail with the Ocean Youth Trust South for their first ever sa... Read more

What does sailing mean to Sir Robin? - Episode 10 of 80 Seconds with Sir Robin Knox-Johnston

Sir Robin Knox-Johnston is a household name in the world of sailing and beyond, but did he ever have... Read more

The Poole Harbour Boat Show Exhibitor Stand Space and Sponsorship Sales Open Now

The Poole Harbour Boat Show is now officially launched for a return in 2020 to the spectacular boati... Read more

Barton Marine take key role in showcasing UK Manufacturing Excellence

New for 2019 the Southampton Boat Show, powered by Borrow a Boat will be welcoming visitors into the... Read more

View all