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Businesses call for government intervention as UK-EU exports plummet 41%

Following the release of new data showing that UK exports to the EU in January plummeted by 40.7%, while imports dropped by 28.8%, business associations have voiced concerns that Brexit could have a lasting impact on trade levels. Figures from the Office for National Statistics (ONS) reveal that from December 2020 to January 2021, UK goods exports and imports to the EU plunged by £5.6bn and £6.6bn respectively, marking the largest monthly fall since comparative records began. The biggest drops in exports to the EU were seen in the chemicals – particularly medicinal and pharmaceutical products – sector, which decreased by £1.6bn, as well as the machinery and transport equipment sector, which fell by £1.2bn.

Exports to EU plunged 41pc in post-Brexit trade

Top Story March 13, 2021 LONDON: Exports of UK goods to the European Union dropped by more than two-fifths in January as the Brexit transition period came to an end. New figures from the Office for National Statistics (ONS) show that overall exports from the UK fell by £5.6 billion – 19.3 per cent. It was driven by a £5.6 billion, or 40.7 per cent, plunge in exports of goods to the EU, the ONS said. Imports also fell, by £8.9 billion overall (21.6 per cent), while imports from the EU dropped £6.6 billion (28 per cent), the figures show. The falls in imports and exports are the largest since records began in 1997, the ONS said, as a £200 million – 1.7 per cent – increase in non-EU exports failed to make up for the decline within the bloc.

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