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Post-Brexit EU imports from UK halve in Jan-Feb, trade surplus rises | Hellenic Shipping News Worldwide


Post-Brexit EU imports from UK halve in Jan-Feb, trade surplus rises
European Union imports from Britain nearly halved in the first two months of the year following the UK’s exit from the EU single market, data showed on Friday, and the The 27-nation bloc’s trade surplus with the UK increased as exports fell. at least.
Eurostat, the European Union’s statistics office, said EU imports from Britain fell 47.0% year-on-year in January-February to € 16.6 billion ($ 19.9 billion), while exports to the Kingdom Kingdom declined just 20.2% to € 39.8 billion.
As a result, the EU’s trade surplus with Britain rose to € 23.2 billion in the first two months after Britain’s Brexit transition period of € 18.6 billion expired in the same period in 2020, when London it still enjoyed unrestricted access to the EU single market. ....

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