Brexit Britain’s exports to the non-EU world up by 57% since Referendum

What can the Rejoiner doom-mongerers say about this?

Montage © Facts4EU.Org 2024

And Brexit Britain’s goods and services exports to the EU are up by 39%

Today’s Facts4EU analyses of the latest international trade figures just released by the ONS show large rises in the export of UK goods and services since the Referendum.

This is true for the UK’s exports to the non-EU world as well as to the EU27 countries.

Brexit Facts4EU.Org Summary

UK international exports, goods and services, from the Referendum to end-Sept 2023

Exports to EU, quarter to June 2016 : £62.6 bn
Exports to EU, quarter to Sept 2023 : £87.0 bn
Total in this period : £2,155.6 bn (increase of 39.1%)

[Source : Office for National Statistics, 24 Jan 2024.]

Exports to rest of world, quarter to June 2016 : £79.8 bn
Exports to rest of world, quarter to Sept 2023 : £125.2 bn
Total in this period : £2.952.7 bn (increase of 56.9%)

[Source : Office for National Statistics, 24 Jan 2024.]

The simple facts are these

Despite all the headwinds caused by the COVID lockdowns...
Despite the recession affecting Germany and the Eurozone...
Despite the adverse conditions caused by Putin’s illegal invasion of Ukraine...
Despite the conflict in Israel and Gaza...
Despite the actions of the Yemeni Houthis in the Gulf, and...
Despite the economic problems in China...

.... Brexit Britain continues to grow its exports both to the EU and worldwide.

Since the Referendum in June 2016 the UK has exported goods and services to the value of £5.1 TRILLION pounds.

Observations

Putting this into context

In the months leading up to the UK’s EU Referendum the Government and its Establishment allies repeatedly warned that the UK’s exports would fall dramatically. This has been shown to be a nonsense, as our report today shows very clearly.

The simple fact is that companies and countries trade with each other when it is in their commercial interests to do so. The EU continues to find the UK to be a lucrative market for its goods. Similarly the UK continues to sell into EU27 countries.

As the French say “Plus ca change, plus c’est la meme chose.” (Loosely: “The more things change, the more they stay the same.”)

Quite how Rejoiners continue to maintain their mantras from 2016 is beyond us, when all the facts show they were spectacularly wrong. This applies to trade, to employment, to GDP, and to the UK’s important financial services sector.

We continue to find it astonishing that Rishi Sunak appointed the architect of this Project Fear, a certain David (now Lord) Cameron, to the second-highest position in government.

We must get reports like this out there

Reports like the one above take far longer to research, write and produce than many people realise. If they were easy, readers would see other organisations also producing these daily. However, there’s little point in the Facts4EU.Org team working long hours, seven days-a-week, if we lack the resources to promote them effectively – to the public, to MPs, and to the media. This is where you come in, dear reader.

Facts4EU.Org needs you today

We are a 'not for profit' team (we make a loss) and any payment goes towards the actual work, not plush London offices, lunch or taxi expenses, or other luxuries of some organisations.

We badly need more of our thousands of readers to become members, to support this work. Could this be you, today? It's quick and easy, we give you a choice of two highly secure payment providers, and we do NOT ask you for further support if you pay once. We just hope you keep supporting us. Your membership stays anonymous unless you tell us otherwise.

Please don't assume that other people will keep us going - we don't receive enough to survive and we need your help today. Could you help us? We rely 100% on public contributions from readers like you.

If you believe in a fully-free, independent, and sovereign United Kingdom, please join now by clicking on one of the links below or you can use our Support page here. You will receive a personal, friendly ‘thank you’ from a member of our team within 48 hours. Thank you.

[ Sources: EU Commission ] Politicians and journalists can contact us for details, as ever.

Brexit Facts4EU.Org, Mon 29 Jan 2024

Click here to go to our news headlines

Please scroll down to COMMENT on the above article.
And don't forget to actually post your message after you have previewed it!

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

From £5 - £1,000

Monthly

From £3 per month

Paypal Users Only - Choose amount first

Quick One-off

Monthly

PLEASE NOTE IF YOU WOULD LIKE TO COMMENT : You can write your comment under any existing comments below. After you have clicked to preview your comment, you MUST then click on the CAPTCHA system and send you comment, for it to be published. Thank you!

Reader Comments 10

1. terence patrick hewett , Monday, January 29, 2024, 07:26:

Rejoiniac motivation is entirely political: but they dare not tell the truth because the truth will expose that their loyalties lie with the EU and not with the UK. So they maintain the fiction of their concern for the supposed damage to trade and financials by EU withdrawl. This position is entirely dishonest: like socialism, it is a godless religion which attracts all the usual fanatics.

2. Sparky , Monday, January 29, 2024, 08:00:

impressive data and charts. on the face of this good news.
.
However, is this like the 32 page report produced by Catherine McBride at the IEA last October. This thorough report is based on a more realistic time period of 2019 (the year before the UK left the EU) to 2022, not from 2016 when nothing changed for the first few years whilst our politicians trade to decide what Brexit was. The IEA report "Has Brexit Really Harmed Uk Trade?" uses 31 pages to show how trade has grown since 2019. But it's only on page 13 that inflation is taken into account and shows Uk exports to the EU down 7.2% and Uk exports to Non EU down 9.8%.

3. Ashley Great Britain , Monday, January 29, 2024, 09:57:

2 sparky.
-
Thanks for pointing us to this.
A cursory glance from the IEA shows a positive outlook with these statements.
-
"Contrary to initial concerns, Brexit has not had a major detrimental
effect on UK–EU trade"
-
"Trade data doesn’t support the Office for Budget Responsibility’s claims
that Brexit has caused significant negative impacts on the UK economy"
-
Exports to EU up 13.5%
Imports from EU up 15%
They also heavily criticise the OBR for incorrect data and forecasting.

4. NH , Monday, January 29, 2024, 12:09:

2. Sparky , "32 page report produced by Catherine McBride"
The Catherine McBride report is comparing EU and Non EU trade to show that any factors that effected UK trade effected both of these in a similar manner. Therefore Brexit could not possibly be the reason for any changes in trade levels.
.
2020 was a transition year we formally left the EU in 2021. To account for inflation the ONS has reduced 2021 figures by very little (approx. 1%) but they have reduced 2022 export figures to EU by -19.2% and exports to non EU by -14.7%. Even with these huge reductions exports to the EU increased (2021 to 2022) and exports to non EU were the same.
.
Personally I find the ONS inflation figures very hard to believe and they probably are based on a lot of assumptions. The simple fact is if you can increase prices by 19.2%, to markets that are not growing, and still increase trade you have very strong trade. As the Facts4EU figures clearly show trade growth continued strongly after 2022.

5. NH , Monday, January 29, 2024, 18:12:

Just to clarify the above:
ONS Inflation Rates used for 2022
.
Exports To EU Inflation Rate Use. +22.2%
Exports To Non EU Inflation Rate Used + 17.2%
.
UK Exporters received 20.2% more revenue from goods exports after we left the EU in 2022.

6. jon iivesey , Monday, January 29, 2024, 18:21:

Good piece, but an even more interesting question is why anyone would expect anything else. People who follow headlines often don't get this, but countries don't trade, companies do. Companies place order with companies in other countries, and any manager who placed orders to buy raw materials, subsystems or parts based on his likes and dislikes about Brexit, would be soft in the head. Purchasing managers worry about price, quality ad delivery dates. They don't have tie to worry about clowns like Sparky and his disinformation and bad arguments.
Add to that the fact that the UK exports relatively little in the form of consumer goods, so the number of consumers in this and that country is pretty much irrelevant. When you actually look at the makeup of UK exports they are heavily weighted towards heavy engineering projects, power generation, aero engines, petrochemicals, pharmaceuticals, design and testing, aerospace, medical instruments and so on. What Mrs Schickelgruber thinks about a pot of marmalade with a union jack on it is neither here nor there. She is just not important.
If you wanted to predict the trajectory of UK exports you would be best off saying that we prosper when other markets grow. As long as people worldwideare building aeroplanes we will be exporting wings, engines, control systems, radars. As long as people are building hospitals we will be exporting medical instruments and pharmceuticals. As long as countries have navies they will be buying British warship designs, engines, more radars, missiles and soon nuclear propulsion.
UK exports grow because they help other people complete their projects and that will continue to happen.

7. jon iivesey , Monday, January 29, 2024, 18:24:

. Ashley Great Britain , "Contrary to initial concerns, Brexit has not had a major detrimental effect on UK–EU trade" "Trade data doesn’t support the Office for Budget Responsibility’s claims that Brexit has caused significant negative impacts on the UK economy"
That's a "keeper". That should get re-posted whenever Sparky comes out with his rubbish

8. jon iivesey , Tuesday, January 30, 2024, 02:16:

8. Julian Jessop , |If you remove inflation from this and use actual volume of trade, the boxes shifted, UK trade to the EU is down to 2013 levels, and to the rest of the world to 2016 levels.|
Sorry Sparky. but that can't be true. The population has risen by three million since 2016 and the number of full-time employed people has risen by about two million, yet the unemployment rate is still around 4%.
You can't add a couple of million bodies to the economy, rewind trade volumes to 2016 and keep the same unemployment rate. Employers in export industries do not pay workers to stand around doing nothing. If export volumes were shrinking, it would show up in increased unemployment in export industries. Your claim simply does not add up, and it is notable that you do not provide any source for these claims.

9. jon iivesey , Tuesday, January 30, 2024, 02:34:

8. Julian Jessop , "Our balance of payments has gone from a steady 2.5% of GDP to a peak of 9% as imports rose and exports collapsed."
Not a chance, Sparky. Here is the intro from the most recent ONS bulletin:
+ The underlying UK current account deficit excluding precious metals narrowed by £9.1 billion to £19.1 billion, or 2.8% of gross domestic product (GDP), in Quarter 3 (July to September) 2023.
+ The UK current account deficit, when trade in precious metals is included, fell to £17.2 billion, or 2.5% of GDP in Quarter 3 2023.
+ The total trade deficit excluding precious metals narrowed to £7.1 billion (1.0% of GDP) in Quarter 3 2023, as the goods deficit narrowed to £46.2 billion, and the services surplus expanded to £39.1 billion.
+ The primary income account deficit narrowed to £7.1 billion, or 1.0% of GDP, in Quarter 3 2023 as a result of credits increasing more than debits.
The bottom line here is that you appear to be simply makiong stuff up.,

10. The Brexit Facts4EU.Org team , Tuesday, January 30, 2024, 10:47:

FROM THE FACTS4EU TEAM TO "JULIAN JESSOP"
1. If you masquerade as a senior economist or other well-known person you will be deleted.
2. Your link to exports only included goods. The UK's exports are mostly services so your link was irrelevant.
TO BE CLEAR, we will not allow impersonation of a well-known individual. We have therefore deleted your comments.

Add comment:

Please note: Your email address is never published unless you choose to enter it.