The UK has experienced a larger fall in trade flows relative to GDP than other G7 economies

Trade openness of the UK and other G7 economies, 2018 Q4 = 100

UK

Other G7 countries

120

23 March 2020

First UK lockdown

100

80

1 Jan 2021

End of Brexit transition period

60

2010

2012

2014

2016

2018

2020

2022

UK

Other G7 countries

120

23 March 2020

First UK lockdown

100

80

1 Jan 2021

End of Brexit transition period

60

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022