Wyelands_Bank_GTR_TRADE_BRIEFING_2018

Wyelands Bank - Growing together
The top five export partners for goods (continued)
France
UK exports to France are only expected to grow
in the aerospace sector. There are two reasons
for this. First, across the breadth of its economy
French supply chains are shifting towards smaller
European nations. Second, it highlights the
importance of aerospace in France in particular
and across Europe generally, where it is linked to
security issues.
FRANCE
Machinery and components
US$2.4bn
Automotives
US$2.8bn
CAGR
2011-16 -2.07
2017-21 -0.16
Electrical products and
equipment US$1.6bn
Oil and gas
US$1.3bn
CAGR
2011-16 -25.46
2017-21 -4.52
Aerospace
US$4.1bn
CAGR
2011-16 -5.51
2017-21 -4.15
CAGR
2011-16 -5.99
2017-21 -3.04
CAGR
2011-16 6.34
2017-21 4.46
THE NETHERLANDS
Machinery and components
US$2.2bn
CAGR
2011-16 -5.36
2017-21 -2.80
Oil and gas
US$6.8bn
CAGR
2011-16 -14.23
2017-21 -1.90
Electrical products and
equipment US$1.4bn
CAGR
2011-16 -7.14
2017-21 -3.07
Pharmaceutical
products US$3.0bn
CAGR
2011-16 12.80
2017-21 2.62
Automotives
US$2.3bn
CAGR
2011-16 3.27
2017-21 5.22
The Netherlands
The sector which exports the most to the Netherlands
is oil and gas. But the value of exports has fallen
dramatically from 2011 to 2016. This reflects the drop
in oil prices between 2013 and 2016. As a result,
the value of trade has fallen back by 14 per cent
year-on-year. However, automotive exports to the
Nertherlands are expected to increase – growing
at more than 5 per cent a year to 2021. We also
expect to see pharmaceuticals grow at more than 2.6
per cent a year over the period to 2021.
“IT HIGHLIGHTS THE IMPORTANCE
OF AEROSPACE IN FRANCE IN
PARTICULAR AND ACROSS
EUROPE GENERALLY”
8 | UK trade briefing 2018 In collaboration with GTR