Read on Twitter
UK trade with the EU has partially recovered. But the UK continues to lose market share.
Let’s compare the UK
vs Germany 
Feb 2021-Feb 2020
Exports to
-12% vs 0%
Imports from -11% vs +1%
Jan 2021-Jan 2020
Exports to -42% vs -6%
Imports from -19% vs -6%
Let’s compare the UK
vs Germany Feb 2021-Feb 2020
Exports to
-12% vs 0%Imports from
-11% vs +1%Jan 2021-Jan 2020
Exports to
-42% vs -6%Imports from
-19% vs -6%
Here are the UK's biggest EU partners:
Exports, Feb 2021-Feb 2020
vs
-13% vs +9%
-7% vs -21%
-24% vs -10%
+37% vs +1%
-10% vs +3%
-23% vs -4%
-8% vs +2%
-25% vs +7%
-24% vs -5%
-22% vs 0%
Exports, Feb 2021-Feb 2020
vs -13% vs +9% -7% vs -21% -24% vs -10% +37% vs +1% -10% vs +3% -23% vs -4% -8% vs +2% -25% vs +7% -24% vs -5% -22% vs 0%
The UK does worse with two exceptions:
1) UK exports to Belgium bounced back strongly
2) German exports to Ireland are down sharply
1) UK exports to Belgium
bounced back strongly2) German exports to Ireland
are down sharply
Here are the data for January: https://twitter.com/DennisNovy/status/1370341578548645898?s=20
Data sources:
UK Office for National Statistics @ONS
https://www.ons.gov.uk/economy/nationalaccounts/balanceofpayments/bulletins/uktrade/february2021
German Federal Statistical Office @destatis
@BenChu_ @pmdfoster @ChrisGiles_ @anandMenon1
@UKandEU @AdamPosen @BaldwinRE @SamuelMarcLowe #Brexit
UK Office for National Statistics @ONS
https://www.ons.gov.uk/economy/nationalaccounts/balanceofpayments/bulletins/uktrade/february2021
German Federal Statistical Office @destatis
@BenChu_ @pmdfoster @ChrisGiles_ @anandMenon1
@UKandEU @AdamPosen @BaldwinRE @SamuelMarcLowe #Brexit
