Trends in EU-UK

Trends in EU-UK total trade versus trade between the EU and the rest of the world (trade in goods and services, imports and exports)

Trends in EU-UK total trade versus trade between the EU and the rest of the world (trade in goods and services, imports and exports)

Unlike other G7 economies, UK trade has not recovered since the COVID 19 pandemic. This has affected ‘UK trade overall and bilaterally with the EU’, according to a Bruegel study. As Figure 1 shows, EU-world trade in goods grew by 51.8 % between 2016 and 2024, while EU-UK trade in goods increased only by 1.7 % during the same period. The divergence is less pronounced for EU-UK trade in services.


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