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British exports collapsed

2021-03-12T20:53:00.305Z


GDP also fell in January under the double effect of Brexit and Covid-19. Across the Channel, the impact of Covid is combined with that of Brexit. Economic indicators went back into the red in January, under the effect of another turn of the sanitary screw and the effective exit of the United Kingdom from the Customs Union. Exports of goods fell 19.3%, including a drop of 41.3% to the EU, despite the trade agreement between Brussels and London. For their part, imports f


Across the Channel, the impact of Covid is combined with that of Brexit.

Economic indicators went back into the red in January, under the effect of another turn of the sanitary screw and the effective exit of the United Kingdom from the Customs Union.

Exports of goods fell 19.3%, including a drop of 41.3% to the EU, despite the trade agreement between Brussels and London.

For their part, imports fell by 21.6% with, again, a more marked drop, of 29%, from the EU.

Read also:

United Kingdom: after Brexit and Covid, labor shortages could slow down the recovery

The National Statistics Organization (ONS) also highlights the restrictive measures that weigh on international trade.

The UK government has timed out the bad numbers, citing a

'unique combination of factors'

, between the build-up of inventories last year in the run-up to exit the single market, lockdowns across Europe and companies adjusting to a new business relationship.

"

Freight volumes between the UK

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Source: lefigaro

All news articles on 2021-03-12

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