EU shrugs off Brexit drag to deliver faster export growth than U.S., U.K.

Brexit 174 Cons. Discr. - Durables 447 Consumer Staples 730 European Union 763 Industrials - Capital Goods 556 Trade Balance 921 Trade Deals 973 U.S. 5153 United Kingdom 339

Exports from the EU to the rest of the world increased by 53.4% year over year and by 4.8% compared to 2019 in April. That shrugged off the impact of stricter trading rules with the U.K. that resulted in a 5.2% dip in EU exports to the U.K. in April 2021 versus April 2019. In dollar terms EU exports climbed by 9.3% in April 2021 versus April 2019. That outperformed the U.K. and U.S. but was nonetheless slower than the global average expansion of 12.1%.

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