By Tom Sommer on Small Business – Advice and Ideas for UK Small Businesses and SMEs
The UK having left the EU with the subsequent transition period, along with the effects of Covid-19, have caused higher levels of volatility in trade statistics when it comes to import and export over the past two years.
The value of imports of goods and services to the UK, excluding precious metals, totalled £39bn for June 2021, up £1 billion (2.6 per cent) from the month prior.
The trends are clear – importing is big business.
However, importing to the UK can be complicated and costly – particularly in a post-Brexit world, where trade with the EU today is a whole different ball game to this time last year.
>See also: How to import from China to UK
Imports from non-EU countries have now outpaced. Still, Germany, the Netherlands and France represent three of the UK’s five biggest exporters, so getting up to speed with the new EU/UK trade agreement will be essential for many broaching the vast world of imports.
Getting started can feel like a challenge – but it could be a great way to grow your business.
Whether importing from the EU or further afield, this guide can help