UK exports to EU in full: Trade with EU on the up despite Brexit – Express

Brexit rules have caused major shock to Britains trading landscape in the last two years. But despite voting to leave the bloc, trade is back on the up with the EU afteraconsiderable decline.

The LSE Centre for Economic Performance found that the number of trading relationships Britain has with the bloc has declined due to red tape curbing the ability of smaller firms to export.

Whats more, last month the Office for Budget Responsibility, the Government spending watchdog, warned that UK trade had missed out on much of the recovery in global trade and was lagging behind every other G7 nation.

But despite Brexit, it turns out that trade with the EU is back on the up, and trade with non-EU countries has declined.

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According to the Office for National Statistics, in April 2022, the total import of goods (excluding precious metals) increased by 0.7 percent, or 0.4 billion compared with March.

There was a 4.2 percent, or 1.1 billion rise in imports from the EU, but imports from countries outside the EU fell by 0.7 billion, or 2.6 percent.

The same can be said with exports to EU countries, which increased by 8.1 percent, or 1.2 billion in April this year.

Elsewhere, base metals and plastic and rubber both account for five percent of EU imports to the UK.

In terms of UK exports to the EU, the picture is very similar.

Like the EU, the bulk of UK exports are machinery and appliances (21 percent) and chemical products (15 percent).

Transport equipment accounts for 14 percent of trade, and mineral products and base metals make up 12 and six percent of trade respectively.

Food, beverages and tobacco is five percent of all UK exports to the bloc.

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UK exports to EU in full: Trade with EU on the up despite Brexit - Express