Economics

Brexit Triggers 30% Slump in German Exports to U.K. in January

Container ship at the Port of Hamburg in Germany.Photographer: Krisztian Bocsi/Bloomberg
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German exports to Britain plunged in January, as the downward trend since the country voted to leave the European Union gathered pace.

Already curtailed by the economic impact of the coronavirus, Brexit helped trigger a nearly 30% slump in German exports to the U.K. in the first month of the year, according to a preliminary estimate published Tuesday by the Federal Statistics Office.