Forecasted losses from WTO tariffs UK in Belgium 2019, by export sector

This statistic displays the five sectors with the biggest forecasted export losses in the Netherlands in 2019 in the event of a no-deal Brexit scenario. In a "no-deal Brexit", the UK leaving the EU single market and customs union without a free trade deal, Britain would have to adopt rules set by the World Trade Organization (WTO). According to this 2018 forecast, in which the pound is expected to decrease by 20 percent and the current WTO tariffs of 4-5 percent are applied, the vehicle industry in Belgium is expected to lose 0.5 billion euros, making it the sector hit hardest by the Brexit. In total, Belgium would lose roughly three billion euros over all sectors.

According to estimates from the International Monetary Fund (IMF), the economic output of the EU-27 could be reduced by 1.5 percent of GDP by 2030. Ireland, the Netherlands, Denmark and Belgium, all countries with close trading links to the UK, would be hit hardest. Germany would lose 0.5 percent of its GDP due to industrial supply chains. Nations with financial ties to the City of London, such as Malta, Cyprus and Luxembourg, would also be negatively affected by a "no deal".

Sectors with the biggest forecasted export losses in Belgium in 2019 in the event of a no-deal Brexit scenario

Forecasted export losses in billion euros
--
--
--
--
--
Exclusive Premium statistic

You need a Premium Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Premium Account

only $59 / month *
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Sources

Release date

October 2018

Region

Belgium

Survey time period

2019

Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account!

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$59 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.

Statistics on "UK economic and financial indicators post Brexit referendum"

Further Content: You might find this interesting as well

Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.