2023 UK goods exports to EU decreased by 27% and imports by 32% since Brexit trade deal, according to Aston University report.

A report from Aston University Business School reveals that UK goods exports to the EU dropped by 27% and imports by 32% since the Brexit trade deal, with 1,645 fewer British products exported in 2023. While sectors like tobacco and aviation are performing well, farming, clothing, and wood manufacturing have suffered significantly. Smaller EU nations are most impacted by new trade barriers. The report calls for targeted policy interventions to stabilize UK trade and support adaptation to these challenges.

September 16, 2024
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