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EU amp Customs union(Andorra Monaca San Marino Turkey)
European Economic Area(Norway Iceland Liechtenstein)
Preferential trade agreement in place(FTA EPA DCFTA)
Preferential agreement awaiting adoptionratification
Preferential trade agreementbeing negotiated
Potential for free trade partnership
Stand-alone investment agreementbeing negotiated
Preferential agreement in the processof modermisation
Values expressed in tonnesContributing analyst ndash Rachel Fletcher Source ICIS
Benzene
Cyclohexane
Ethylene
Propylene
PE
PP
PVC
Polystyrene
Methanol
PET Polymer
PET Resins
Benzene export
Cyclohexane export
Ethylene export
Propylene export
PE export
PP export
PVC export
Polystyrene export
Methanol export
PET Polymer export
PET Resins export
30657
664693
1376
20011
135384
631995
110286
221399
820691
372516
542323
517101
230669
99990
109000
14541
128789
5429
3305720116
9497380779
UK
Imports = Exports =
BREXIT THREATENS UK-EU CHEMICALS TRADEAs the United Kingdom prepares to leave the European Union the regionrsquos chemical industry faces a period of great uncertainty This infographic examines the key areas of impact including trade the exchange rate shifts in duties and what it all means for the chemical markets
By Katherine Sale
The EU is the UKrsquos most important trading partner this infographic examines the top 25 trading petrochemicals and polymers between the EU27 and the UK in 2017
TRADE
EU amp Customs union(Andorra Monaca San Marino Turkey)
European Economic Area(Norway Iceland Liechtenstein)
Preferential trade agreement in place(FTA EPA DCFTA)
Preferential agreement awaiting adoptionratification
Preferential trade agreementbeing negotiated
Potential for free trade partnership
Stand-alone investment agreementbeing negotiated
Preferential agreement in the processof modermisation
Source Europa
Source xecom
155
145
135
125
115
1052014 2018
23 JuneUK votes to leave EU
201720162015
ICIS price reports provide independent objective and trusted intelligence for the global petrochemical energy and fertilizer markets
Available through the iciscom subscriber platform our price reports cover more than 180 commodities and focus on pricing trends in all major trading regions
Spend less time filtering through all your market information resources with access to all the data analysis and tools that you need all in one place
Following the referendum on EU membership in June 2016 the UKrsquos pound sterling has lost more than 10 of its value against both the euro and the US dollar negatively affecting importers who acquire products abroad The petrochemical industry which has the EU as its main trading partner has largely been affected and prices for many products have risen sharply in the last two years
Under a no-deal Brexit UK chemicals buyers would face WTO tariffs on Europe importsexports up to 65 according to industry body Cefic This map shows the EU trade deals the UK may have to renegotiate after Brexit
CURRENCY
DUTIES
The ICIS News service enables you to stay ahead of developments in the petrochemicals markets with real-time breaking news and analysis from around the globe
BE THE FIRST TO READ
n Breaking news on the chemical markets that will impact your businessn News on market moves deals and announcements that will affect your organisationn Force majeures closures and developments that influence your commodity pricesn Expert analysis on industry trends and hot topics Know whatrsquos happening and whyn Searchable archive with more that 14 million articles from the past 10 years
Request a free trial
Keep up to date with Brexit news impacting the petrochemical industry
Find out more and request a demo
Spot and optimise opportunities with a 360 degree view of the market
GBP v EUR exchange rate
EU amp Customs union(Andorra Monaca San Marino Turkey)
European Economic Area(Norway Iceland Liechtenstein)
Preferential trade agreement in place(FTA EPA DCFTA)
Preferential agreement awaiting adoptionratification
Preferential trade agreementbeing negotiated
Potential for free trade partnership
Stand-alone investment agreementbeing negotiated
Preferential agreement in the processof modermisation
Source Europa
Source xecom
155
145
135
125
115
1052014 2018
23 JuneUK votes to leave EU
201720162015
ICIS price reports provide independent objective and trusted intelligence for the global petrochemical energy and fertilizer markets
Available through the iciscom subscriber platform our price reports cover more than 180 commodities and focus on pricing trends in all major trading regions
Spend less time filtering through all your market information resources with access to all the data analysis and tools that you need all in one place
Following the referendum on EU membership in June 2016 the UKrsquos pound sterling has lost more than 10 of its value against both the euro and the US dollar negatively affecting importers who acquire products abroad The petrochemical industry which has the EU as its main trading partner has largely been affected and prices for many products have risen sharply in the last two years
Under a no-deal Brexit UK chemicals buyers would face WTO tariffs on Europe importsexports up to 65 according to industry body Cefic This map shows the EU trade deals the UK may have to renegotiate after Brexit
CURRENCY
DUTIES
The ICIS News service enables you to stay ahead of developments in the petrochemicals markets with real-time breaking news and analysis from around the globe
BE THE FIRST TO READ
n Breaking news on the chemical markets that will impact your businessn News on market moves deals and announcements that will affect your organisationn Force majeures closures and developments that influence your commodity pricesn Expert analysis on industry trends and hot topics Know whatrsquos happening and whyn Searchable archive with more that 14 million articles from the past 10 years
Request a free trial
Keep up to date with Brexit news impacting the petrochemical industry
Find out more and request a demo
Spot and optimise opportunities with a 360 degree view of the market
GBP v EUR exchange rate
