A blip or a crash?

January trade figures were released today, and they are a little grim.

But how much was due to Brexit, COVID and/or stockpiling.

The question will be when figures for February and March are known, but for now:

EU exports: - 38%
EU imports: - 16%

Non-EU exports: -8%
Non-EU imports: -9%

Total exports: -25%
Total imports: - 20%

Goods trade: -16%

Services trade: -32%

Exports of goods fell £5.6 billion pounds, or a drop of 40.7% according to the ONS.

Stats on certain UK exports to EU Jan 2020 & 2021:

Cereals Jan 2020: 161,000t
Jan 2021: 50,000t

Pork

Jan 2020: 10,000t
Jan 2021: 3,000t

Beer

Jan 2020: 13,000t
Jan 2021: 5,000t

Beef

Jan 2020: 9,300t
Jan 2021: 3,000t

Cheese

Jan 2020: 14,000t
Jan 2021: 6,000t