Exports fall by £400m
exports: The value of Yorkshire's exports suffered a surprise retreat last year according to the latest trade figures from HMRC.
Exports from Yorkshire dropped by almost £400m when compared with 2011, but were still worth more than £15bn to the region's economy.
Business Advisory firm Deloitte said despite disappointing headline figures, there is plenty of room for optimism as exporters increasingly turn their sights to dynamic growth markets further afield.
Despite the overall drop, exports to North America and Asia and Oceania grew by £634m, representing Yorkshire's second and third-largest export markets, worth £4.6bn last year.
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Richard Williams, international tax partner at Deloitte in Yorkshire, said: "While the overall figures are disappointing, the troubles in the Euro- zone, which remains Yorkshire's largest export market, account for the drop in trade.
"If you exclude the EU, exports to the rest of the world have increased in value over the past year."