Page 123 - Minutes of meeting

The Resilience Challenge

Trade

Trade (£ million), 2018
Cumbria was a net exporter in 2018, running a
surplus of £396 million, which contrasts with the Exports Imports Net Exports
trade deficits noted in the North West and England.
Moreover, the composition of Cumbria’s exports % Change since
deviates from that of comparator geographies. The 2016

region appears more reliant on non-EU export
markets, which accounted for 59% of all exports in Cumbria £1,821 £1,425 £396 -12%
2018, relative to 49% and 51% in the North West and
England respectively. These indicators suggest that North West £27,862 £38,809 - £10,947 67%
Cumbria is relatively less exposed to the longer term England £249,011 £384,383 - £135,372 9.7%
impacts of EU exit than other areas.

By export value, the largest exported commodity Exports to EU and Non-EU markets, 2018
from Cumbria in 2018 was machinery and transport

(£640 million) – predominantly to non EU countries,
followed by manufactured goods. BAE Systems are
a major contributor to export activity in this
commodity group. Shipbuilding and associated
supply chains are relatively insulated against the
direct effects of Brexit.

Source: Regional Trade in Goods Statistics disaggregated by smaller geographical areas, 2019