Germany: Britain's "Brexit" uncertainty impacts German-British trade

Germany: Britain's "Brexit" uncertainty impacts German-British trade

On October 28th, the data released by the German Federal Foreign Trade and Investment Agency showed that the trade volume between the UK and Germany fell by 9.2% from April to August this year due to the uncertainty of the Brexit in the UK, mainly due to the UK’s imports from Germany. Decreased by 12.3%. The data also shows that in the first eight months of this year, Germany’s exports to the UK have fallen by nearly 10%. German cars account for more than 20% of the UK auto market and are important commodities imported by the UK from Germany. (Source: Xinhua News Agency)