We keep being told how important the EU single market is to the UK, don't we? But what do the official EU statistics say? Let's take a look shall we?
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The latest EU Single Market Scoreboard issued yesterday and brought to my attention by facts4eu.org via Twitter, shows some interesting information.
Within the report is a section on Integration and Market Openness that shows data on the amount of goods and services imported and exported between EU member states and the wider world.
It also has an indicator that shows the level of EU trade in goods integration that each member state enjoys.
The report uses the latest data available, which is up to 2017.
So, where do you think we are on the EU trade in goods integration table?
Well, you can see from this graph that the UK is in last place!
The graph shows the last three years for each member state and, for all the talk about how important the EU single market is for the UK, it doesn't seem to be integrated too much into our economy does it?
This indicator is the percentage of a country’s GDP that is accounted for by trade in goods with EU countries as an average of imports and exports.
Then we come to the percentage of GDP that represents exports in goods to the rest of the EU by each member state.
So, as the Remainers are so sure that this is central to our economy, where do you think we sit on this table?
Well on this indicator we lie second - from the bottom, with 8%.
Does that sound like a good bargain to you? Especially when as a whole, the avera..
