By the same measure, US-EU trade rose by 12.3%.

Dutch bank ING expects merchandise world trade volumes to have increased by 10.6% in 2021 compared with the previous year, exceeding pre-pandemic levels by 4.3%.ДЄccording to figures from Eurostat, two-way trade between China and the EU reached в‚¬625.6bn ($698.5bn) between January and November 2021, an increase of 17.1% from the same period in 2020. This comes at a time when global trade elsewhere is booming post Covid-19. However, in comparison to pre-pandemic levels, the overall value of UK exports fell by 0.7% from ВЈ27.2bn in February 2020 to ВЈ27bn in November 2021. This trend continued throughout the year, culminating in a record high of $23.2bn in non-EU imports in November 2021. In January 2021, the value of imports from non-EU countries exceeded that of EU countries for the first time. Imports into the UK from non-EU countries are also on the rise. Meanwhile, UK exports to non-EU countries increased by 4.6% during the same period. Textiles, food and the automotive sector in particular suffered.Дata suggested that confusion over new bureaucratic measures and levies impacted trade flows as well as European lockdowns and stockpiling in late 2020. While this growth is positive, it is behind other advanced economies that have already recovered their Covid GDP losses, including China in October 2020, Australia in June 2021 and the US in July 2021.ДЄfter the unveiling of the EU-UK free-trade agreement in December 2020, exports and imports to the EU sank by 45.5% and 32.5%, respectively, in January 2021. In turn, services and construction output has grown by 1.3% above their respective pre-Covid-19 levels while production remains 2.6% below. Output increased across all three sectors between October and November 2021 with services up by 0.7%, production by 1% and construction by 3.5%. This is the first time GDP has risen above the pre-pandemic level, increasing by 0.7% compared with February 2020. According to estimates from the Office of National Statistics (ONS), the UK's GDP grew by 0.9% in November 2021.

Looks to due to brexit limitations