Tuesday, 03/02/2021 9:27 AM from
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Flag of the Federal Republic of Germany. pixabay.com
WIESBADEN (dpa-AFX) – After Brexit, German exports to Great Britain collapsed. According to preliminary calculations by the Federal Statistical Office, a decline in exports to the country of around 30 percent compared to the same month last year is expected for January 2021, as the Wiesbaden authority announced on Tuesday.
Great Britain had also left the EU customs union and the internal market on January 1st. In trade with the European Union, customs duties have been due in some industries since then, and there are goods controls.
Last year, the Brexit, but also the Corona crisis, had clearly left their mark on trade in the two countries. German exports to the United Kingdom fell year-on-year by 15.5 percent to 66.9 billion euros. According to the information, this was the sharpest decline since the financial and economic crisis in 2009 (minus 17.0 percent). According to the information, German exports to the country have steadily decreased since the year of the Brexit referendum in 2016./mar/DP/bgf
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