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Les exportations manufacturières de l'Écosse et de l'Irlande du Nord vers l'Union européenne ont augmenté, contredisant les inquiétudes liées au Brexit. Cette hausse est due à la demande croissante d'équipements de l'industrie pétrolière et gazière en Écosse, ainsi qu'au Protocole nord-irlandais. Cependant, d'autres régions du Royaume-Uni ont connu une baisse des exportations vers l'UE. Cette situation met en évidence les défis auxquels le Royaume-Uni est confronté pour augmenter ses exportations par rapport aux autres pays du G7. La compréhension et l'adaptation aux changements économiques rapides et imprévisibles sont essentielles pour naviguer dans le paysage économique en constante évolution.
Scotland and Northern Ireland Buck the Fall in UK's European Union Exports
Manufacturing exports from the United Kingdom to the European Union have increased, despite concerns over the impact of Brexit on trade. According to data from manufacturing lobby group Make UK and accountants BDO, EU customers accounted for 52% of trade last year, up from 50% in 2019. This increase comes as a surprise, considering the warnings that Brexit would be detrimental to British manufacturers.
Factors Contributing to the Rise in Manufacturing Trade with the EU
One of the factors contributing to the rise in manufacturing trade with the EU is the increase in exports from Scotland. The country saw a boost in sales of oil and gas industry equipment during the energy crisis. The soaring oil and gas prices made previously written-off exploration projects viable, leading to an increased demand for equipment. Additionally, the Northern Ireland Protocol, which kept the region within the EU's single market, also played a role in boosting trade.
The Make UK report highlights the unique position of Northern Ireland, which retains access to the single market for goods while being able to trade freely with the rest of Great Britain. In Scotland, the oil and gas sector, along with its supply chains, contributed to increased exports to the EU during the ongoing Ukraine crisis.
Regional Variations in Export Trends
However, not all regions in the UK experienced an increase in their share of exports to the EU. According to Make UK's analysis, only Scotland and Northern Ireland saw an increase, while the majority of English regions and Wales suffered a decline in the proportion of sales going to the EU. The study suggests that a structural shift in the UK's trade patterns is affecting factories in north-west England and the West Midlands, which previously had strong connections with firms in the EU.
London and the south-east, as well as the east of England, were the only English regions that experienced an increase in their share of goods exported to the EU since 2019. The figures show that the share of goods exported by London and the south-east increased from 49% to 50%, while the east of England's share rose from 49% to 54%. In contrast, the north-west saw a drop in its share from 52% to 50%, the West Midlands slipped one percentage point to 45%, and the north-east fell from 60% to 57%.
The UK's Struggle with Exports Compared to Other G7 Countries
The data from Make UK also highlights the UK's struggle with exports compared to other G7 countries. Over the last decade, the UK had the worst exports record, excluding Japan. While countries like Canada, France, Germany, Italy, and the US experienced double-digit increases in their exports, the UK's exports only rose by 6%.
The Daily Lightning: Understanding the Ever-Changing Economic Landscape
The daily lightning is a technical economic concept that refers to the rapid and unpredictable changes in economic conditions and trade patterns. Just like lightning strikes, these changes can occur suddenly and have a significant impact on various sectors of the economy. Factors such as political events, policy changes, and global crises can all contribute to the daily lightning. In the case of the UK's manufacturing exports to the EU, the daily lightning is evident in the contrasting trends observed in different regions. While Scotland and Northern Ireland experienced an increase in exports, other regions faced a decline. Understanding and adapting to the daily lightning is crucial for businesses and policymakers to navigate the ever-changing economic landscape..png)
