The UK’ s share of all German imports (4. 5%) and the German
import ratio (53. 2%) both exceeded the corresponding figures for
the manufacturing sector as a whole in 2015 (3. 9% and 48. 2%
This relatively high dependence on British imports
is a risk, since the depreciation of the British pound against the
euro connected with Brexit has made British products significantly
This is having comparatively little effect on
the steel sector which faces greater competition from other coun-
tries. Whereas, in 2015, some 45% of all German metal imports were steel products, deliveries from the UK accounted for only
about a quarter. The situation is different in the NF metal industry,
where the corresponding global proportion of exports was just un-
der 55% compared to the British proportion of almost 75%.
The importance of British imports of precious metals was well above-
average here (globally 14. 3%versus 30. 8%) , and the same applies
to other NF metals such as chromium, cobalt, magnesium, molyb-
denum, nickel, titanium and tungsten (4. 9% versus 11. 4%) . Both
are less important sectors in Germany. Conversely, relatively small
volumes of copper products are imported (11. 0% versus 4. 6%) .
No major differences are evident for aluminium, lead and zinc.