Impact of the coronavirus and EU exit on the collection and compilation of UK trade statistics

Monday, March 8, 2021
The coronavirus (COVID-19) pandemic and uncertainty around the trade deal outcome of EU exit were important factors in the large movements in trade flows during 2019 and 2020. National and international lockdown restrictions, goods disruption at UK borders, and uncertainty around future EU and non-EU trading relationships have been prominent in comments returned by traders in our fortnightly Business Insights and Conditions Survey (BICS). The response to the coronavirus pandemic had an immediate impact on the compilation of trade estimates. The uncertainty linked to the end of the transition period for much of 2020 has given prominence to questions around business stockpiling, trade disruption and global supply chain impacts.
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