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Germany: Brexit pushed exports to UK down 2.5% last year
28 January 2022, 08:14
The drop following a 15.3% decrease in 2020, figures showed.
German exports to the UK dropped another 2.5% last year, the first full year of Brexit, following a huge decline in 2020 in the first stage of the coronavirus pandemic, official figures show.
Exports from Germany – Europe’s biggest economy – totalled 65.4 billion euro (£54.5 billion) in 2021, according to preliminary figures from the German Federal Statistical Office.
It said that the drop, which followed a 15.3% decrease in 2020, was a result of Brexit.
The UK left the European Union’s single market and customs union on December 31 2020, 11 months after it had formally left the bloc’s political structures.
Between January and November, the period for which full figures are currently available, German exports to the UK were 2% lower than a year earlier and imports were down 7.7%, the statistics office said.
The UK was the number eight destination for exports in that period, down from number five in 2020. It dropped from 11th to 13th in the list of sources of imports.