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U.K.’s Trade With Europe Remains Below 2020 Levels, Sixfold Says

  • Brexit and coronavirus have reduced cross-channel shipments
  • Demand to move cargoes from France to U.K. fell last week

Britain’s trade with the rest of Europe remains below levels prevailing a year ago, according to high-frequency data from the consultant Sixfold.

The average weekly volumes of border crossings for both imports and exports were down about a fifth from the same period a year ago, according to the unit of the logistics platform Transporeon. Its Chief Executive Officer Stephan Sieber said it’s too early to tell how much of a structural shift has appeared due to Brexit and that more friction is coming end of March and over the Easter holiday.