The UK is now outside the EU single market and customs union. While there are no tariffs on trade in goods with the EU, subject to certain conditions, other barriers to trade are now higher. Brexit has also led to changes in the way data on trade in goods with the EU is collected.

Nov 29, 2021 · for many months the cer’s cost of Brexit model has found that UK goods trade is between 11 and 16 per cent lower as a result of leaving the single market and customs union. Using the data for September 2021, the model puts the cost at 11.2 per cent.

Mar 12, 2021 · New analysis by the Centre for European Reform finds that leaving the EU’s single market and customs union led total UK goods trade to fall by 22 per cent, relative to a modelled Britain that remained within the single market and customs union.

Mar 10, 2022 · By December 2021, leaving the single market and customs union had reduced UK goods trade by 14.9 per cent. And new analysis shows that UK exports have taken a larger hit than imports.

This chart shows the global market share in medium- and high-technology manufacturing (gross value added) of the EU, China, Japan, the UK and the USA. Source: UN Industrial Development Organization, Competitive Industrial Performance database; …

Feb 8, 2021 · The new deal will help the status quo of trade continue, but how important is trade between the EU and the UK? This visualization, using data from the British House of Commons’ Statistics on UK-EU Trade Briefing Paper, reveals the significance of trade between the UK and EU member states.

This paper quantifies the sectoral trade impact in the United Kingdom and in EU countries of the UK’s exit from the Single Market, using the OECD general-equilibrium METRO model. A comprehensive free-trade agreement could lead to a fall by about 6.1% of UK exports and 7.8% of UK imports in the medium term compared to a situation where the ...

Jul 21, 2021 · Using the ONS’s May 2021 data, the model finds that leaving the single market and customs union has reduced total UK goods trade by £10 billion, or 13.5 per cent (see Chart 1). That is up from the previous month, when the gap was 11 per cent.

Nov 26, 2018 · Assuming the UK leaves the EU Customs Union and Single Market in 2021 under the now approved agreement, by 2030, the country's economy is forecast to be £100bn per year worse off.

Jan 31, 2025 · Below, we look at how the numbers stack up. The latest Treasury estimates show that the cost of Britain’s settlement with the EU stands at approximately £30.2bn in total. This is separate...