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Imports from the EU to the UK fall sharply in the first month after Brexit

Imports of EU (EU) goods from the United Kingdom totaled 6,398.8 million euros last January, according to a delegation. 59.5% year-on-year decline, After the end of the Brexit transition period, according to data from Eurostat’s Office for Social Statistics.

EU exports to the British country were also affected The change in the state of relations between the two economies, which fell 27.4% year-on-year to 17,984 million euros, represents the largest decline in sales to the UK since May and April 2020. The epidemic wave fell by 35.6% and 38.6%, respectively, to EU exports.

Looking forward to the end of the Brexit transition period, EU exports to the UK increased by 10.1% in December and 11.1% in NovemberImports declined by 2% and 1.6%, respectively. In fact, twenty-seven purchases from the British country have been falling year on year every month since December 2019.

The UK will abandon plans and introduce no restrictions on EU imports

EFE

In the first month of 2021, China was once again the EU’s first trading partner, Exporting 16 16.1 billion to 16.1 billion, up 6.6% from January 2020, while Asian imports from the EU totaled 33.3 billion, down 3.8%.

The United States returned in January as the first target of EU exportsWith a total of, 28,200 million, European imports of US goods are down 9.6% to 14,600 million, down 26.3% year-on-year.

Worldwide, Overseas EU sales reached 148.3 billion euros, Down 10.8% from the previous year and imports down 16.9% to Rs 139.9 billion. In this way, the surplus in EU trade in goods was 8,400 million last January, compared to a deficit of 2,200 million a year earlier.

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Image: British Prime Minister Boris Johnson during his visit to Northern Ireland.  (Reuters)
Brexit continues forever: The UK is being forced to delay import restrictions

Celia Masa. London

For their part, exports of goods from the eurozone reached a value of 163.1 billion euros, down 11.4% year-on-year, while imports from twenty-seven were 156.8 billion, down 14.1% from January 2020. It worked Positive trade balance of, 6,300 million, Compared to a surplus of 1.5 billion a year ago.

Domestic EU trade totaled 244.9 billion in January 2021, 5.4% lower than in January of the previous year. Trade between eurozone countries is down 3.9% year-on-year, Up to 9 159,700 million.