I find this astonishing. Is it right?https://twitter.com/emmatimes2/status/913651278315737089 …
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If only we knew someone with a track record of verifying claims about export statistics. On an unrelated subject, how are you,
@MForstater?
Yes it is true gold exports are a large part of the UK's non EU exports (1)pic.twitter.com/VbQJNpEghb
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If you take out gold, the importance EU markets to UK goods trade rises (but there is also a bit of Rotterdam effect in here) (2)pic.twitter.com/iOvKdLn9d0
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Yes it nets out w gold imports over time, but not each month or year
@ONS therefore reports trade w & w/o 'eratics' https://www.ons.gov.uk/economy/nationalaccounts/balanceofpayments/bulletins/uktrade/apr2017 … - 2 more replies
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Given the lack of goldmines in the UK, I'd assume what goes out needs to come in so there is unlikely to be much of a gold trade surplus.
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