Ads it's difficult to positive about the situation because in truth Brexit is an entirly negative process for almost everyone. Except heavy FTSE investors and fund managers.
Here is how one country, Spain will be impacted by a no deal scenario. WTO rules will completely disrupt these trade patterns and impose tariffs at currently undefinable rates.
Spain's exports to United Kingdom amounted to $22 billion or 6.9% of its overall exports.
1. Vehicles: $6 billion
2. Machinery: $1.7 billion
3. Aircraft, spacecraft: $1.2 billion
4. Fruits, nuts: $1.1 billion
5. Electronic equipment: $1.1 billion
6. Vegetables: $1 billion
7. Plastics: $553 million
8. Pharmaceuticals: $552.8 million
9. Clothing (not knit or crochet): $548.3 million
10. Gems, precious metals: $516.7 million
UK's exports to Spain amounted to $13.2 billion or 2.97% of its overall exports.
1. Vehicles: $2.4 billion
2. Machinery: $1.6 billion
3. Pharmaceuticals: $1.2 billion
4. Electronic equipment: $827.2 million
5. Mineral fuels including oil: $796.8 million
6. Iron and steel: $537 million
7. Beverages: $466.7 million
8. Plastics: $448.9 million
9. Gems, precious metals: $444 million
10. Medical, technical equipment: $439.3 million