EU beats U.K. as global trade recovery keeps pressure on logistics networks — Panjiva
MENU

Panjiva_research_logo

EU beats U.K. as global trade recovery keeps pressure on logistics networks

Brexit 174 China 2911 European Union 780 Global 1376 Logistics 476 Trade Balance 923 Trade Deals 980 United Kingdom 339

The EU’s external merchandise trade activity dipped 3.3% lower year over year in February, marking a 14th straight decline. Waning trade with the U.K. resulting from Brexit is a significant contributor with a 22.0% slide in bilateral trade. The EU’s exporters are still doing “better” than their U.K. counterparts. Exports to the U.K. were down by 14.5% while its imports from the U.K. fell by 34.0% with asymmetric border rules being one reason. An EU Parliament vote on the EU-U.K. Trade & Cooperation Agreement is needed by the end of April to prevent the deal from lapsing. Total EU exports...

Copyright © 2021 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.