UK Q1 trade stats lift lid on Brexit impact
(Posted on 09/06/21)
The UK’s Q1 2021 port freight statistics from the Department for Transport released today provide further insight into what was a tough start to the year for the economy, with a national lockdown enduring for the full quarter and UK and EU businesses getting to grips with Brexit.
When comparing January to March 2021 with January to March 2020 through UK major ports, total freight tonnage decreased by 9% to 103.9 million tonnes; with inward units facing a more severe fall of 17%, compared to an 8% fall in outward units. Alternatively, unitised traffic fell by 13% to 4.2 million units, with inward units being hardest hit with a 17% fall, compared to outward units decreasing by 8%.
Commenting, Phoebe Warneford-Thomson, Policy Manager and Economic Analyst, at the British Ports Association said, “This is the first time the industry as a whole has been able to see the aggregate impact of Brexit on port volumes. Due to the timing of the Brexit deadline falling at the same time as the third national lockdown, it is challenging to truly separate their impact and draw firm conclusions on which had a more harmful impact on trade in the first quarter.
However, when looking back to port freight data from Q2 2020, when the full extent of the UK's first national lockdown was felt, the data painted a far more severe picture than we've seen today - with an 18% decline in freight tonnage and a 44% decline in unitised traffic, compared to the same period. By now, we have a good understanding of the harms to the economy caused by lockdowns, and therefore port freight, so today's data can be at least be partly attributed to the impact of COVID-19.
This said, we know from other data sources such as the ONS Trade Report, that January saw a fall in goods imports and exports that was the largest month-on-month drop since records began, which was ultimately driven by the Brexit deadline at the very end of 2020. Furthermore, today's figures are consistent with other reports from trade statistics that suggest that businesses stockpiled ahead of the Brexit deadline in Q4, which led to a quieter first quarter than usual. This also indicates why inward unitised freight faced the greatest fall than any other category, as there were most concerns about RoRo traffic ahead of the end of the transition period.
Of course, full import controls will not come into force until January 2022, so the full extent of the impact of Brexit on trade - temporary or permanent - has not yet been realised.”
Latest News
Hamburg and Estonia deepen strategic port cooperation
(Posted on 29/05/26)Hamburg’s Senator for Economic Affairs, Dr Melanie Leonhard, has welcomed Estonia’s Minister... Read more
Associated British Ports appoints new Group Head of Property
(Posted on 29/05/26)Associated British Ports (ABP), the UK’s largest port operator and one of the UK’s biggest... Read more
Associated British Ports appoints new Group Head of Property
(Posted on 29/05/26)Associated British Ports (ABP), the UK’s largest port operator and one of the UK’s biggest... Read more
King and Minister open Rotterdam section of Netherlands hydrogen network
(Posted on 25/05/26)King Willem-Alexander of the Netherlands has symbolically activated the first section of the national... Read more
Collaboration to explore alternative export hub on UAE East Coast
(Posted on 22/05/26)Abu Dhabi based AD Ports Group, a leading global enabler of integrated trade, industry and logistics... Read more
Hamilton welcomes new $135-million Sucro Can sugar refinery
(Posted on 14/05/26)Sucro Can Canada and HOPA Ports marked the official opening of Sucro Can’s new sugar refinery,... Read more
New Liebherr MHC enhances Belfast Harbour’s bulk handling capabilities
(Posted on 13/05/26)Belfast Harbour has made its latest investment in the development of the port with the arrival of a... Read more
Riga and AD Ports MoU marks new phase of cooperation
(Posted on 11/05/26)A Memorandum of Understanding has been signed in Riga between Abu Dhabi-based, publicly traded global... Read more
International conference “all about ports” launches in Hamburg
(Posted on 11/05/26)As an international conference accompanied by an exhibition, all about ports will address key future... Read more
ADMA satellite agreement to enhance efficient routing of minerals and agri products
(Posted on 04/05/26)Abu Dhabi Maritime Academy (ADMA), the Middle East region’s leading academic institution for maritime... Read more
