A new study suggests that medium-sized businesses operating within the UK have managed to boost their overseas turnover by more than half in the last five years.
According to reports, mid-sized enterprises have managed to grow their international turnover from £84bn to £127bn since 2012.
Last year alone, such businesses managed to increase overseas trade by seven per cent, or £119bn to £127bn.
The news comes despite the shadow of Brexit casting uncertainties on future trade arrangements between the UK and the European Union (EU).
However, the same research revealed that businesses at the smaller end of the scale have not experienced the same level of international success.
According to reports, international trade amongst Britain’s start-ups and small firms fell by 25 per cent during the period studied.
A separate study commissioned by World First recently suggested that smaller businesses have been shying away from international trade – and missing out on a potential £141.3bn as a result.
World First’s study found that only five per cent of start-up and small enterprises have plans to investigate export opportunities within the next five years.
This is despite the fact it claims that the average business could add up to an additional £287,000 to its typical annual revenue by exploring international export opportunities.