German exports to UK drop again in first seven months of 2019

German exports to UK drop again in first seven months of 2019

SHARE

Germany’s exports to the UK have dropped 4.6% in the first seven months of 2019 compared with a year earlier.

The decline continues a downward trend since the UK voted to leave the European Union in 2016.

Germany’s Federal Statistical Office said the country exported goods worth €47.1bn to the UK between January and July. UK exports to Germany were worth €21.3bn — a 3.7% decline in year-on-year terms.

In the January-July period, the UK was Germany’s seventh biggest trading partner overall. In 2015, the year before the Brexit referendum, it was fifth.

The statistics office said that German exports to the UK climbed steadily from 2010 to 2015 but then dropped. It said exports of cars and auto parts have declined strongly.

Advertisements

NO COMMENTS

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.