UK-Germany trade slumps amid Brexit and Covid fallout

Posted by on March 9, 2021 12:04 pm
Categories: Global Stories

First official snapshot comes after collapse of export volumes in first month of Brexit deal

Trade between the UK and Germany slumped in January amid the economic fallout from Brexit and the Covid-19 pandemic in the first month after leaving the EU, according to official figures.

Germany’s federal statistics body said imports from the UK fell by more than 56% to €1.6bn (£1.4bn) in January from the same month a year ago, after the end of the Brexit transition period and start of the new trading relationship between Britain and the EU.

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