European Union imports to the United Kingdom decreased in the first month after Brexit

Total EU imports of goods from the United Kingdom amounted to 6,398.8 million euros in January, a figure that represents Record year-on-year decline of 59.5%, After the end of the Brexit transition period, according to data from the European Union’s statistical office, Eurostat.

European Union exports to Britain were also affected From the change in the state of relations between the two economies, which decreased on an annual basis by 27.4%, to 17,984 million euros, which represents the largest drop in sales to the UK since May and April 2020, when the first wave of the epidemic decreased by 35.6% and 38.6% on Respectively, exports from the European Union.

In anticipation of the end of the transition period for Britain’s exit from the European Union, EU exports to the UK grew by 10.1% in December and 11.1% in NovemberImports decreased by 2% and 1.6%, respectively. In fact, the 27 purchases from the British state have decreased on an annual basis every month since December 2019.

The UK is abandoning the plans and will not introduce controls on EU imports

EFE

In the first month of 2021, China was once again the number one trading partner of the European Union, When receiving 16.1 billion euros in exports from 27 countries, up 6.6% from January 2020, while total EU imports from the Asian giant reached 33.3 billion, which is 3.8% less.

The United States repeated it in January as the first destination for EU exports, With a total of 28,200 million euros, down 9.6%, while European imports of US products decreased by 26.3% year-on-year, to reach 14,600 million.

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Universally, European Union sales of goods abroad amounted to 148.3 billion eurosDown 10.8% from the previous year, while imports fell 16.9% to 139.9 billion. In this way, the EU’s merchandise trade surplus reached 8,400 million in January, compared to the deficit of 2,200 million the previous year.

Pictured: British Prime Minister Boris Johnson during a visit to Northern Ireland.  (Reuters)
Brexit goes on forever: the UK is forced to delay import controls

Celia Mazza. London

For their part, the value of commodity exports from the euro area amounted to 163.1 billion euros, declining on an annual basis by 11.4%, while imports from the 27 countries totaled 156.8 billion, down 14.1% in January 2020. This resulted in A positive trade balance of 6,300 million eurosCompared to a surplus of 1.5 billion a year ago.

The total internal trade of the European Union in January 2021 reached 244.9 billion, which is 5.4% less than the figure reached in January of the previous year, while Intra-Eurozone trade decreased 3.9% year-on-year, Amounting to 159.700 million euros.

Sacha Woodward

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