The country’s export market increased by more than 10% year-on-year to £15bn in 2016.

The chief secretary to the Treasury Elizabeth Truss said the UK government was committed to a post-Brexit economy that gave Wales more freedom to export goods abroad and continue to expand.

The latest figures revealed that export goods from Wales to European countries were valued at £9.5bn, while sales to North America were valued at £2.5bn.

Ms Truss said: “Whether it’s globally renowned Welsh food or advanced technology, the UK government wants Wales to sell even more of what it has to offer around the world.

“The Welsh economy continues to grow, in part thanks to the strong export economy here.

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“That’s why the UK government is investing hundreds of millions of pounds in Wales and we are fully committed to ensuring Welsh businesses are able to benefit from the independent trade deals we are preparing for after Brexit.”

Secretary of the state for Wales Alun Cairns added: “Wales is an ambitious outward-looking nation, home to some of the most innovative businesses developing products that are being sold around the world.

“It goes to show how ambitious Welsh innovation can go a long way – saving and protecting the lives of those hundreds and thousands of miles away.

“The UK government is ready to support any Welsh business looking to follow in their footsteps and take advantage of every opportunity available to them to grow and expand into new markets.”