No. 23 – UK regions, the European Union and manufacturing exports 5 Fig 4. Trade balance with EU by region (£m, 2015 prices) 10000 5000 0 -5000 -10000 2012 -15000 2013 -20000 -25000 2014 2015 -30000 -35000 -40000 -45000 • Fourthly, are there regional differences between the types of goods being exported to the EU? This is important given that different types of goods may have different tariff rates. • Figure 5 shows regional differences in the value of goods exported to the EU in 2015, focusing on the most important sectors. Figure 6 presents the same data on a per capita basis. • There are very significant regional differences in this regard, particularly for the export of chemicals, and vehicles and other transport equipment. Some regions, notably the North East, South West and, to a lesser extent, the West Midlands rely heavily on exports of vehicles and transport equipment. • Similarly, some regions rely heavily on exports of chemicals; this applies, again, to the North East, but also, to a lesser extent, the North West.
No. 23 – UK regions, the European Union and manufacturing exports 6 6000 Fig 5. Value of exports to EU by sector and region, 2015 (selected goods, £m) 5000 4000 3000 2000 1000 0 Chemical and related products Other machinery and electronic goods Road vehicles and other transport equipment Other manufactured goods 1200 Fig 6. Per capita value of exports to EU by sector and region, 2015 (selected goods, £m) 1000 800 600 400 200 0 Chemical and related products Other machinery and electronic goods Road vehicles and other transport equipment Other manufactured goods