EXCLUSIVE AND EXPLOSIVE : NEW EU TRADE DATA SHOWS UK’S IMPORTANCE TO EU
UK will be EU’s 2nd largest market after USA, eclipsing China
Exclusive – Brexit Facts4EU.Org analyses latest EU trade figures
© Brexit Facts4EU.Org 2019 - Full-size clickable charts are below.
The UK is set to rival the USA as the EU’s largest export market in the World, eclipsing China. For the EU, based on its own 2018 figures, the UK’s market would have been 71% larger than that of China.
Last week, whilst the UK media was focused on politics, the EU’s official statistics agency released its latest trade figures. Brexit Facts4EU.Org now presents its explosive headline analysis. And you don’t have to be a statistician to understand the importance of this.
EU continues to report as if the UK were not leaving
On Wednesday last week the EU Commission published its international trade figures for 2018. Nowhere in the information released did the Commission’s statistics agency refer to Brexit.
The reality is that when you take out the UK from the EU’s 2018 figures, the conclusions drawn would be very different. The statistics agency were of course reporting on 2018, and so they were entirely correct in the data they presented.
However, last year this same agency started reporting ‘EU27’ data on many subjects, knowing that the UK was leaving and knowing that a large number of people worldwide would be starting to plan for an EU without the UK.
The EU hasn’t shown the impact of Brexit on the EU, so we will
Below we show the top export markets for the EU in 2018, with the UK as a member. We have analysed all the data and so we also show the same information with the UK separated out. In other words, what would the figures have looked like if we had already left?
Brexit Facts4EU.org Summary
This is what happens when the UK is not counted as part of the EU
- The charts below show percentages - which countries represent the biggest buyers of EU goods
- When the UK becomes an 'export market' to the EU27, these percentages change
- The UK becomes the 2nd-biggest buyer of EU goods in the World.
© Brexit Facts4EU.Org 2019 - click charts to enlarge.
Our usual caveats apply to all data we research from official EU sources. It is sometimes contradictory, but the above comes from the latest data tables provided.
As you can see above, the UK market is vital to the EU27. It is almost as large as the USA and is far more important to the EU27 than China.
It is worth bearing in mind that the EU, with its Trade Commissioner having no experience of trade, still does not have trade deals agreed and ratified with either the USA, China, Russia, or Japan, nor with many other key economies from around the world.
The UK will be an essential market for the EU27 from the moment the UK leaves. It will immediately become the 2nd largest export market in the World for the EU27.
We have been very busy with our public #GoWTO Brexit campaign in the last few days, asking people to send one of our ballot paper templates to anti-democratic MPs. Nevertheless we continue to analyse and report on essential information for the British public and for MPs, insofar as we can.
Please support our work if you can, with a donation. Secure and quick payment methods are below. We have no corporate sponsors, nor secretaries or expense accounts. We are simply doing our damnedest on many levels to see the United Kingdom extricated from the mess that is the EU.
[ Sources : EU official statistics agency Eurostat ]
Brexit Facts4EU.Org, Mon 25 Mar 2019
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