German exports to Britain have shrunk by 30% due to the Brexit, pandemic

Official estimates showed, on Tuesday, that Germany exported 30% fewer goods to Britain in January compared to last year, with demand affected by Brexit and the Corona virus epidemic.

Destatis, the federal statistics agency, said German exports to Britain have been declining since 2016, the year the United Kingdom voted in a referendum to leave the European Union.

But the fall in demand has accelerated sharply over the past year.

For 2020, German exports to Britain fell 15.5% compared to 2019, marking the largest year-on-year drop since the 2009 financial and economic crisis.

The value of German exports to Britain reached 66.9 billion euros, compared to 89 billion euros in 2015 before the Brexit vote.

Likewise, Germany imported less than Britain last year, at 34.7 billion euros, a decrease of 9.6% from 2019.

The biggest decline was in the second half of the year when shipments fell 16.2% compared to a 2.5% decline in the first six months of 2019.

British exporters and freight carriers across the canals have faced delays and severe disruptions since Britain left the European Union market.

But European leaders see this as an inevitable consequence of the UK government’s decision to pursue complete separation from the European Union.

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