Foreign trade with the UK
The other vehicle construction sectors involves shipbuilding,
railway vehicles and the aerospace industry.
Sector foreign trade with the UK is clearly dominated by the aerospace industry, with
76%of exports in the other vehicle sector, and more than 97%of
imports relating to this sub-sector.
Conversely, the proportions for
railway vehicle construction, which accounts for 11% of total sec-
tor exports (1% of imports) , and shipbuilding at 5% (0. 5%) , are
comparatively small.
Aircraft imports relate, on the one hand, to
internal deliveries for the Airbus group which manufactures
wings for its passenger aircraft at its own British factories, and on
the other hand, to externally produced components, such as en-
gines from the British company Rolls-Royce – one of the largest
engine manufacturers in the world.
On the export side, deliveries
of finished aircraft to British airlines in particular influence the
statistics. The generally high foreign trade figures in the aerospace
industry are being stimulated by currently buoyant demand for
aircraft.
Globally, airlines are updating their fleets with fuel-
efficient jets and are extending their capacity. Thanks to substan-
tial order backlogs, companies will be operating at full capacity for
some years, and they plan to steadily increase rates of production.
EU Forecast
euf:ba18.c:26/nws-01