Trade From EU to UK Fell 20% Due to Brexit, ESRI Data Shows
The U.K.'s exit from the EU has led to a 16% drop in trade from the U.K. to the EU and a 20% decline in trade from the EU to the U.K. "relative to the scenario in which Brexit had…
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not occurred," according to data from Ireland's Economic and Social Research Institute. ESRI looked at product-level data on goods trade flows from 2021 for the report. Ireland saw a large decline in British imports, though its exports to the U.K. have remained relatively untouched, an Oct. 19 ESRI news release said.