Economics

Brexit Has Started for German Exporters as U.K. Trade Declines

A reach stacker lowers a shipping container onto a cargo truck at Duisport shipping port.
Photographer: Krisztian Bocsi/Bloomberg

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By Piotr Skolimowski

December 10, 2018 at 10:26 AM UTC

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German exporters have started to turn their back on the U.K.

The share of German shipments that go to Britain has shrunk to around 6 percent from close to 8 percent in 2015, and “the negative trend continues,” Carsten Brzeski, chief economist at ING Germany, said on Monday after the latest trade report.