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Home Economy

Post-Brexit German exports to UK drop 30%

Ivan Fischer by Ivan Fischer
2 March 2021
in Economy
Post-Brexit German exports to UK drop 30%
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Brussels (Brussels Morning) Germany’s statistics office reports that the country’s exports to the UK dropped by 30% since Britain left the EU on 1 January this year, citing a combination of Brexit and the impact of the coronavirus pandemic as the most likely cause for the slump, Deutsche Welle reported.

According to the report by DeStatis, Germany’s Federal Statistics Office, exports to the UK have been steadily declining ever since 2016, the year that Brexit referendum was held, when a majority of UK citizens opted to leave the EU.

Severe hit

DeStatis notes that the value of German exports to the UK throughout 2020 was 66.9 billion euro. Just five years earlier, in 2015, Germany exported 89 billion euro worth of goods to the UK.

In January 2021, agricultural exports took a particularly severe hit, as post-Brexit regulations forced vendors to provide export health certificates signed by a qualified vet, leading to severe delays for trucks that previously moved freely across the Channel.

Shrinking trade 

At the same time, British exports to Germany have also dropped, falling some 9.6% to 34.7 billion euro in 2020. German exports to the UK for the same period dropped 15.5% compared to 2019, totalliing 66.9 billion euro.

Brexit also changed the ratio of EU to non-EU exports from Germany, since the UK was no longer considered an EU country for statistical purposes. German exports to EU countries thus dropped from 58.5% of total exports in 2019 to 52.7% in 2020.

Tags: German exports

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