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According to the Economic and Social Research Institute (ERSI) the level of trade between the UK and EU has declined since Brexit began.

In a new ERSI report using both UK and EU data sources, it estimates that trade from the UK to the EU has declined by 16% wheras trade in the reverse from the EU to the UK, has dropped by 20% since January 1st, 2021.

The report highlighted that the UK has traditionally been more important as a destination for exports from the EU than as an exporter into Europe.

It was also noted that Ireland is an outlier compared to the rest of EU member states when it comes to trade with the UK.

For further figures, RTE News has more.

Published in Ports & Shipping