The EU’s share of Wales’ export market has risen from 58% to 60%, despite a reduced dependence on the EU and opening up export markets with the rest of the world being a stated objective of the Brexit project.

The majority of English regions and Wales are seeing a downward trend in their share of manufacturing exports to the European Union (EU) suggesting a potential structural shift in the UK’s trade patterns, according to the latest analysis published by Make UK and accountancy and business advisory firm BDO.