Bulletin

Elite few turn the tide on exports

Financial expectations

The 100 British small- and medium-sized enterprises with the fastest-growing international sales have raised their turnover by an average of 73% a year over two years to £705m, the inaugural Sunday Times BT Business SME Export Track 100 reveals. Even though the typical firm has only £13m in total sales and employs just 80 people, they are operating on a global stage, with their exports generating more than half their collective sales of £1.3bn. America tops the list of main markets for the companies, with Germany, France and China following close behind. Their growth helped to offset a wider fall in Britain's exports during 2014, when they hit the lowest level since 2010. Weaker demand from continental Europe played a significant part in this decline, with total exports to the EU falling by £3bn to £147bn.

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