Business & FinanceDeals
08 September 2021, 3:32 pm. 1 minute
Reuters revealed that Britain is on course to lose its status as one of Germany’s top ten trading partners this year for the first time since 1950, as Brexit-related trade barriers drive firms in Europe’s largest economy to look for business elsewhere. In the first six months of this year, German imports from Britain sank nearly 11% year-on-year to 16.1 billion euros ($19.0 billion), Federal Statistics Office data reviewed by Reuters showed. While German exports to Britain rose 2.6% to 32.1 billion euros, that could not prevent a decline in bilateral trade, by 2.3% to 48.2 billion euros – pushing Britain down to 11th spot from ninth, and from fifth before it voted to leave the EU in 2016.
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Business & FinanceEconomy & PolicyEquities
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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