UK trade deficit with China triples in one year thanks to COVID-19 lockdowns – report


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The UK’s trade deficit with China has more than tripled after a year of lockdowns during the COVID-19 pandemic. New data from the Department for International Trade, as reported by The Telegraph , shows that the UK imported £40.5 billion more from China than it exported during the year to June 2021. This amounts to a 243% increase on the UK’s £11.8 billion trade deficit with China during the previous 12 months. In the year to June 2021, the UK’s imports from China increased 38%, while the UK’s exports to China decreased 34%. One reason for the shift is thought...