UK exports to the EU increased by £1bn in run up to Brexit

Published by Startups

 

Over the same period, imports from the EU increased by £1.9bn to £20.5bn and by £2.2bn to £19.7bn from non-EU countries.

The value of UK exports to countries in the European Union (EU) increased by £1bn to £12.2bn in June 2016, the month of the EU referendum, according to the latest figures from HM Revenues & Customs. Exports to non-EU countries also increased by £0.7bn (5.6%) to £12.7bn over the same period.

working-in-the-office

Doron Cohen, CEO of Covercy, said of the findings:

“While it may have expected that exports in particular might slow significantly down to the EU due to a potential ‘Brexit’, this was not the case as exporters in the UK appeared to ‘Keep Calm & Carry On’ in the best British tradition.”…