3 ms·
> There are a lot of export commodities they no longer have a market for Exports to the EU hit a record high in the summer of 2022, which ironically, was mainl
by krona 3y ago
> There are a lot of export commodities they no longer have a market for
Exports to the EU hit a record high in the summer of 2022, which ironically, was mainly because of commodities. Who'd have thought?
https://www.ft.com/content/47fe0d2a-6e87-4f30-8212-3b37f7f099e4 https://www.ft.com/content/47fe0d2a-6e87-4f30-8212-3b37f7f09...
- eightysixfour 3y agoI can’t access the FT article - is that in inflation adjusted/real terms? I know that in 2022 as a whole their trade deficit with the EU broadly increased in size and percent.
- guardiangod 3y agohttps://www.export.org.uk/news/631720/UK-trade-deficit-with-EU-hits-record-high-according-to-latest-ONS-data.htm#:~:text=The%20UK's%20trade%20deficit%20with,in%20imports%20from%20the%20EU https://www.export.org.uk/news/631720/UK-trade-deficit-with-.... In total, imports from the EU, excluding precious metals, hit £82bn whilst exports to the EU were valued at £49.2bn. This represents an increase of 7.5% in imported goods and a decrease of 6.1% in exports. The UK’s total imports of goods decreased by £3.5bn (-2.1%) in Q4 2022 compared with Q3. Goods imports from non-EU countries fell in this time period (10.4%). Exports of goods over the same period decreased by £4.5bn (4.5%), with exports to both the EU and non-EU countries falling.