The EU27 made over £½ TRILLION net, trading with the UK in the last 10 years

Latest figures show again that it’s no wonder they call us “Treasure Island”

© Brexit Facts4EU.Org 2020

A stark report from the Brexit Facts4EU.Org team

Brexit Facts4EU.Org has analysed the international trade position for the UK over the last 10 years, using the latest figures for imports and exports of goods and services – with the EU and with the Rest of the World.

Our research shows that the EU27 have made over half a trillion pounds (£539.2 billion) in the last decade, from trading goods and services with the United Kingdom.

Conversely, when it comes to the United Kingdom’s trade with the Rest of the World, the UK’s surplus totalled over a quarter of a trillion pounds (£285.7 billion) in the last decade.

The UK’s deficit with the EU is 18 times worse than it was 10 years ago. The UK’s surplus with the rest of the world has grown by 150 times from where it was 10 years ago.

Brexit Facts4EU.Org Summary

The simple, stark facts of how the EU27 have profited from the UK in the last 10 years

1. Cumulative trade deficit (goods and services) with the EU, 2010-2019

  • UK’s deficit with the EU - (negative) £539.2 BILLION
  • Cumulative deficit with the EU is 18 times worse than it was 10 years ago
  • UK’s surplus with the rest of the world was (positive) £285.7 BILLION
  • Cumulative surplus with the rest of the world is 150 times better than it was 10 years ago

© Brexit Facts4EU.Org - click to enlarge

2. Annual trade deficit with the EU / annual trade surplus with the rest of the world

  • Last year (2019), the UK’s trade deficit with the EU was (negative) £71.6 billion
  • It has more than doubled from where it was in 2010 – 10 years ago
  • Last year the UK’s trade surplus with non-EU countries was (positive) £47.7 billion
  • This has grown dramatically from a small deficit in 2010, 10 years ago

© Brexit Facts4EU.Org - click to enlarge

Statistical note: All data sourced from the latest official ONS figures which came out two weeks ago.

Observations

Sometimes it is sufficient to let some very basic - and very stark – facts speak for themselves.

Thanks largely to our majority pro-Remain media, large swathes of the British electorate are still not aware of fundamental facts such as those we have shown so dramatically above. No-one can predict the future – as the COVID crisis has shown – and we feel it continues to be important to ram home messages like this.

We hope our politician readers will find our bald facts above to be useful in soundbites, as they have many times in the past.

Please help us to continue pumping out essential information like this, by making a donation today. Secure and simple methods are linked to below this report. We need you. Thank you so much.

[ Sources: United Kingdom Office for National Statistics ] Politicians and journalists can contact us for details, as ever.

Brexit Facts4EU.Org, Thur 16 July 2020

Click here to go to our news headlines

And please scroll down to COMMENT on the above article.

Share this article on

Something to say about this? Scroll down for reader comments

Since before the EU Referendum, Brexit Facts4EU.Org
has been the most prolific researcher and publisher of Brexit facts in the world.

Supported by MPs, MEPs, & other groups, our work has impact.

We think facts matter. Please donate today, so that we can continue to ensure a clean Brexit is finally delivered.

Any credit card user

Quick One-off

Donate

From £5 - £1,000

Monthly

Subscribe

From £3 per month

Paypal Users Only - Choose amount first

Quick One-off

Monthly