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    Home » British Trade Grew in December with Non-EU Trade Taking Lead after Brexit
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    British Trade Grew in December with Non-EU Trade Taking Lead after Brexit

    February 11, 20221 Min Read
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    Total imports of goods in the UK increased by 1.5% in December, driven by a £0.6B increase in imports from non-EU countries as imports from EU nations remained flat.

    • Imports from non-EU economies remain higher than from EU economies for the 12th straight month and continue to be driven by growing imports of fuels.
    • Total exports of goods rose by 3.9% in December 2021, driven by a £1.0 billion increase in exports to EU nations.  
    • For the full year, imports expanded by 8.4% in 2020, with exports increasing 4.9% over the same period.
    • The United States remains the UK’s single destination for exports valued at £47.1 billion, followed by Germany at £29.38 billion.

    Despite concerns of disruption to trade after the end of the transition exports, exports to the EU rose by £1 billion in December, with chemical exports and machinery contributing to the largest proportion of the surge.

    FTSE 100 down -0.78%, GBP USD up +0.07%.

     Source: Office for National Statistics

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