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EU beats U.K. as global trade recovery keeps pressure on logistics networks

Brexit 174 China 2894 European Union 772 Global 1366 Logistics 476 Trade Balance 922 Trade Deals 976 United Kingdom 339

The EU’s external merchandise trade activity dipped 3.3% lower year over year in February, marking a 14th straight decline. Waning trade with the U.K. resulting from Brexit is a significant contributor with a 22.0% slide in bilateral trade. The EU’s exporters are still doing “better” than their U.K. counterparts. Exports to the U.K. were down by 14.5% while its imports from the U.K. fell by 34.0% with asymmetric border rules being one reason. An EU Parliament vote on the EU-U.K. Trade & Cooperation Agreement is needed by the end of April to prevent the deal from lapsing. Total EU exports...

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