"We cannot rely on consumers alone for our economic growth, as we did in previous decades," he will say. "And we cannot put all our chips on the success of the City of London, as my predecessors did. Britain is not investing enough. Britain is not exporting enough."
His words echoed those of Bank of England governor Mark Carney who last week said that as yet the recovery was neither balanced nor sustainable. Carney also said that weak overseas demand was likely to make boosting exports a tough challenge.
Osborne did not give further details of any measures to encourage exports that would appear in his budget.
(Read more: Carney warns of UK 'false dawn', overheating housing market)
The focus on a resurgence of British manufacturing is a familiar refrain for Osborne. He made similar calls in his 2011 budget which he said would help make Britain the most attractive destination in Europe for business and investment.
However, a combination of the crisis in the euro zone and the government's austerity push have left Britain still largely reliant on consumer spending. A sharp fall in sterling over the past few years has proved of little help to exporters.
Major multinational firms have also cited the risk that Britain could leave the European Union, under Prime Minister David Cameron's plans for a referendum in 2017, as causing uncertainty that deterred inward investment.
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