Imports from the European Union to the United Kingdom suffered their biggest collapse in the first month after Brexit

Total EU imports of goods from the United Kingdom amounted to 6,398.8 million euros in January, a figure that represents Record year-on-year decline of 59.5%After the Brexit transition period ends, according to data from the Bureau of Community Statistics, Eurostat.

European Union exports to Britain were also affected From the change in the state of relations between the two economies, which decreased on an annual basis by 27.4%, to 17,984 million euros, which represents the largest drop in sales to the UK since May and April 2020, when the first wave of the epidemic decreased by 35.6% and 38.6% on Respectively, exports from the European Union.

In anticipation of the end of the transition period for Britain’s exit from the European Union, EU exports to the UK grew by 10.1% in December and 11.1% in NovemberImports decreased by 2% and 1.6%, respectively. In fact, the 27 purchases from the British state have decreased on an annual basis every month since December 2019.

In the first month of 2021, China was once again the number one trading partner of the European Union, When receiving 16.1 billion euros in exports from 27 countries, up 6.6% from January 2020, while total EU imports from the Asian giant reached 33.3 billion, 3.8% less.

The United States repeated it in January as the first destination for EU exports, With a total of 28,200 million euros, down 9.6%, while European imports of US products decreased by 26.3% year on year, to reach 14,600 million.

Universally, European Union sales of goods abroad amounted to 148.3 billion euros Down 10.8% from the previous year, while imports fell 16.9% to 139.9 billion. In this way, the EU’s merchandise trade surplus reached 8,400 million in January, compared to the deficit of 2,200 million the previous year.

For their part, the value of commodity exports from the euro area amounted to 163.1 billion euros, witnessing an annual decline of 11.4%, while total imports from the twenty-seven countries of the region amounted to 156.8 billion, down 14.1% from January 2020. This resulted in A positive trade balance of 6,300 million eurosCompared to a surplus of 1.5 billion a year ago.

The total internal trade of the European Union in January 2021 reached 244.9 billion, which is 5.4% less than the figure reached in January of the previous year, while Intra-Eurozone trade decreased 3.9% year-on-year, Amounting to 159.700 million euros.