The volume of goods exported from the UK to the EU fell by 40.7% in January compared to December 2020, according to a report by the UK’s National Statistics Office published on Friday 12 March. In contrast, UK exports of goods to non-EU countries rose by 1.7% in January.
The British institute justifies this drop in trade with the EU by a strong activity in November and December, which inflated the figures for the end of 2020. The end of the Brexit transition period on 31 December 2020 also plays a role.
In the other direction, EU exports to the UK fell by 28%. The European machinery, transport equipment and chemicals industries have particularly contributed to this decline in exports to the UK.
See the report: https://bit.ly/3qF5iBp (Original version in French by Léa Marchal)