EXCLUSIVE: Who does Brexit Britain sell most to in the EU?
This report has been co-published with our affiliated organisation, Brexit Facts4EU.Org. We are most grateful for their original research into the raw data which backs what follows.
Latest trade figures reveal the EU’s biggest buyers of UK’s goods and services
A CIBUK.Org follow-up report on Brexit Britain’s trade with the EU27
Yesterday CIBUK.Org, with our affiliate Facts4EU.Org, published a report which caused quite a stir and generated a large amount of comment. We showed how the UK’s exports of goods and services to the EU had risen by 26.6%, comparing Q1 2022 with Q1 2016 – just before the Referendum.
In today’s follow-up report we show that 10 EU countries account for almost 90% of purchases from the UK’s exporters, and we answer the question:
Just who in the EU is buying from Brexit Britain?
Once again we are using the latest data released by the Office for National Statistics this week. The following table and chart aggregates the 12 months of export figures from Q2 2021 to Q1 2022 and is as up-to-date as you can get.
The EU’s Top 10 buyers of Brexit Britain’s goods and services
12 months from 01 Apr 2021 – 31 Mar 2022 in £’s billions
- Germany : £48.3
- Ireland : £45.1
- Netherlands : £44.2
- France : £33.3
- Belgium : £21.0
- Italy : £14.5
- Spain : £13.7
- Sweden : £9.6
- Luxembourg : £9.2
- Denmark : £6.5
[Source: Latest ONS official data, UK total trade, seasonally adjusted, released Wed 27 July 2022.]
© Brexit Facts4EU.Org 2022 – click to enlarge
Our analysis reveals some surprises
Looking at the Top 5, it is no surprise that Germany – as the EU’s largest economy – buys the most from the UK. However Germany is closely followed by Ireland and the Netherlands, with France and Belgium trailing behind.
The league table overall is no respecter of the size of the respective countries’ economies. For example Austria is beaten by Czechia and Hungary. Here is the list of the EU’s 20 biggest buyers of goods and services from the UK, this time with their ranking by economic size in brackets.
- Germany (1)
- Ireland (10)
- Netherlands (5)
- France (2)
- Belgium (8)
- Italy (3)
- Spain (4)
- Sweden (7)
- Luxembourg (19)
- Denmark (11)
- Poland (6)
- Czechia (14)
- Hungary (17)
- Austria (10)
- Portugal (15)
- Finland (12)
- Greece (16)
- Romania (13)
- Slovakia (18)
- Cyprus (26)
Some more interesting statistics
- Almost 70% of purchases come from just five EU countries
- The Top 10 account for nearly 90%
- The remaining 17 EU countries buy just 10.9% of the EU’s total purchases from the UK
For the original article, click here: https://facts4eu.org/news/2022_jul_uks_biggest_eu_customers