Trade From EU to UK Fell 20% Due to Brexit, ESRI Data Shows

The U.K.'s exit from the EU has led to a 16% drop in trade from the U.K. to the EU and a 20% decline in trade from the EU to the U.K. "relative to the scenario in which Brexit had not occurred," according to data from Ireland's Economic and Social Research Institute. ESRI looked at product-level data on goods trade flows from 2021 for the report. Ireland saw a large decline in British imports, though its exports to the U.K. have remained relatively untouched, an Oct. 19 ESRI news release said.