UK Trade with EU

(asked on 12th April 2024) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what recent assessment she has made of the impact of the UK's exit from the EU on levels of trade.


Answered by
Greg Hands Portrait
Greg Hands
This question was answered on 22nd April 2024

Since leaving the EU, the Department for Business and Trade has secured free trade deals with 73 countries plus the EU, that accounted for £1.1 trillion of UK trade in 2022. The UK was the world’s 4th largest exporter in 2022.

The UK’s total trade with the world (including goods and services) increased by £43.3bn (inflation adjusted) in 2023 compared to 2018, and our services exports to the world were at a record high in 2023, increasing by £48.9bn (inflation adjusted) compared to 2018.

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