UK Trade with EU

Department for International Trade written question – answered on 1st October 2021.

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Photo of Baroness Ritchie of Downpatrick Baroness Ritchie of Downpatrick Non-affiliated

To ask Her Majesty's Government what assessment they have made of trends in the level of UK trade with the EU since January 2020.

Photo of Lord Grimstone of Boscobel Lord Grimstone of Boscobel The Minister of State, Department for International Trade, The Minister of State, Department for Business, Energy and Industrial Strategy

UK goods trade (excluding precious metals) with the EU was £368.9bn in 2020, down 15.8% compared to 2019, mainly due to decreases in April 2020 as a result of the coronavirus pandemic.

UK trade in goods with the EU suffered a further decrease in January 2021, down 36.0% for the month (compared to December 2020).

Since January 2021, monthly goods trade has increased, with monthly exports now almost at pre-covid levels (July 2021 was 5.6% below 2019 monthly average), and imports growing but still below pre-covid levels (July 2021 was 14.6% below 2019 monthly average).

UK trade in services with the EU have shown little recovery since falling in April 2020. Services trade with the EU was £160.2bn in the 12 months to end of June 2021 down 22.3% on the previous 12 months.

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