UK & EU

Trades in
Numbers
Ta k i n g a G l a n c e a t U K ’s T r a d e N e t w o r k P o s t -
Brexit
Effendi Tandoko
112862016
 UK & EU
UK_GDP UK_VS UK_HS

UK GDP growth | VS | HS
Global 140.0 25.0
Trade 120.0
20.0
100.0
Eurozone Crisis | Brexit | COVID
80.0 15.0
The EU-UK Trade and Cooperation
60.0 10.0
Agreement
40.0
UK Joins Comprehensive and Progressive 5.0
20.0
Agreement for Trans-Pacific Partnership
0.0 0.0
(CPTPP) 5 7 9 1 3 5 7 9 1 3 5 7 9 1
1 99 1 99 1 99 2 00 2 00 2 00 2 00 2 00 2 01 2 01 2 01 2 01 2 01 2 02

EU 27 EU 28 EU 28_VS EU 28_HS
140.0 20.0
18.0
120.0
16.0
UK 100.0 14.0
£432 £340 80.0 12.0

billion billion 10.0

60.0 8.0
(48%) (42%)
40.0 6.0

EU 20.0
4.0
2.0
0.0 0.0

2022
source:
UK House EU GDP GROWTH | VS | HS
of Commons
 UK & EU GVC PARTICIPATION RATE (%)
UK_GVC EU_GVC
40.0

35.0

30.0

25.0

20.0

15.0

10.0

5.0

0.0
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Imported intermediate countries links sequentially

Vertical with other countries to
parts to create goods it
Specialization later exports produce final goods.

Global Value Chain

outsourcing and offshoring of
Exported goods that are
Horizontal activities highlights the
produced from start to finish
Specialization in just one country
importance of complementary
trade policies
 UK Global
Trade
Network
6th Exporter in the World

Top Export: Vehicles

Top Destination: United States

6th Import Destination in the World

Top Import: Gold

Top Origin: China

Rotterdam
Antwerp
Effect

2021
source:
oec.world
UNCTAD
 UK
Post-Brexit

Border Frictions | Transport Cost

Trade deficit with 24 of the 27 countries

in the EU.

Largest surplus = Ireland (£26 billion)

Largest deficit = Germany (-£26 billion).

UK
Vehicles Petroleum
Medicines Vehicles
Appliances Medicines

EU

22-23
source:
UK ONS
OECD
 UK & EU
Trades in
Numbers
T h a n k Yo u

Effendi Tandoko
112862016