“Exeter is more reliant on trading with the EU than any other city in the country, according to a new report.
Centre for Cities released a report today which reveals that 70 per cent of Exeter’s exports are sold to the EU – meaning our city would be hit worse by a bad Brexit deal than anyone else.
That figure is much higher than average, Almost half the exports from UK cities are sold to the EU.
That is three times more than to the USA and five times more than to India, Japan, Russia, South America and South Korea combined.
The annual Cities Outlook survey shows that the whole of the South West relies on EU trade more than other regions – with Exeter the most dependent of any city in the country.
The same report also says Exeter is the fastest growing city in the country, with a population increase of 2.4 per cent in the last year.
Exeter’s main exports are in goods and services such as insurance and pensions, as well as transport equipment.
While across the UK the average is close to 50 per cent of trading done with the EU, in some cities it is as low as 25 per cent.”