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Britain tells EU: compromise on Brexit or we'll get nasty: Spectator source


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Posted

This list is from the BBC News website in December 2018 and it expresses exports to the UK as a % of GDP.

 

https://www.bbc.com/news/business-46612362

 

This report is from July 2019

 

https://researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-7851

 

Main points:

The EU, taken as a whole is the UK’s largest trading partner. In 2018, UK exports to the EU were £289 billion (46% of all UK exports). UK imports from the EU were £345 billion (54% of all UK imports).
The share of UK exports accounted for by the EU has generally fallen over time from 55% in 2006 to 43% in 2016, though this increased slightly to 44% in 2017 and 46% in 2018.
The share of UK imports accounted for by the EU fell from 58% in 2002 to 51% in 2011, increasing to 53% in 2018.
The UK had an overall trade deficit of -£64 billion with the EU in 2018. A surplus of £29 billion on trade in services was outweighed by a deficit of -£93 billion on trade in goods.
The UK had a trade surplus of £44 billion with non-EU countries. A surplus of £83 billion on trade in services outweighed a deficit of -£39 billion on trade in goods.
Services accounted for 40% of the UK’s exports to the EU in 2018. Financial services and other business services (a category which includes legal, accounting, advertising, research and development, architectural, engineering and other professional and technical services) are important categories of services exports to the EU – in 2017 these two service categories made up 52% of UK service exports to the EU.
Wales, followed by Northern Ireland and the North East of England had the highest percentage of goods exports going to the EU of all the countries and regions in the UK in 2018. The East of England followed by Northern Ireland had the joint highest proportion of goods imports from the EU.
EU tariffs are generally low but are high on some goods, especially agricultural products.

  • Like 1
Posted
8 minutes ago, billd766 said:

Do you have any idea of how many EU countries actually make up that 2.3% and what % comes from each?

 

Germany, France, Spain, Portugal, Holland, Belgium, Italy, Poland and several more certainly but I am curious to know how much each country would be affected. I also wonder which of the former eastern block countries import or export to/from the UK and how much they will be affected.

Those percentages may very well stay the same, or change slowly. UK will still have to buy the same necessities.

Posted
1 hour ago, candide said:

8% of UK's GDP depends on exports to the EU vs 2.3% for EU exports to the UK. The economic risk resulting from a no deal is nearly 4 times higher for the UK than for the EU.

Collectively maybe but for a member state near you....noooo.

  • Like 2

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