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UK-EU trade saw a drop of 20% due to the Brexit
Posted on October 27, 2022 |
- UK to EU trade fell by 20% without Brexit, which is beyond the expected decline of 16%.
- The impact of Brexit on EU-UK trade is small compared to UK trade with the rest of the world, as global exports from Britain are growing slowly.
- However, UK’s trade compared with the EU’s faster-growing performance with over 200 trading partners, Brexit's influence is big.