Competition is also intensifying in third markets as a result of
the weak pound. At first glance, the metal sector would appear to
be very seriously affected, since it accounted for 14. 1% of exports
by the manufacturing sector to the Ukin 2015 (4. 5%in Germany) .
However, on closer inspection, the precious metal segment alone
is responsible for this, while competition for other metals is man-
ageable – they accounted for a smaller proportion of industrial ex-
ports to the UK (2. 9%) than in Germany (3. 5%) .