UK goods exports have lagged behind the G7 since Brexit

UK

Average of G7 excluding UK

Goods trade-to-GDP ratio, 2019 = 100

110

100

90

80

31 Dec 2020

End of Brexit

transition period

70

60

2015

2017

2019

2021

2023

Services trade-to-GDP ratio, 2019 = 100

110

100

90

80

70

60

2015

2017

2019

2021

2023

UK

Average of G7 excluding UK

Goods trade-to-GDP ratio, 2019 = 100

110

100

90

80

31 Dec 2020

End of Brexit

transition period

70

60

2015

2017

2019

2021

2023

Services trade-to-GDP ratio, 2019 = 100

110

100

90

80

70

60

2015

2017

2019

2021

2023

UK

Average of G7 excluding UK

Goods trade-to-GDP ratio, 2019 = 100

110

100

90

80

31 Dec 2020

End of Brexit

transition period

70

60

2015

2017

2019

2021

2023

Services trade-to-GDP ratio, 2019 = 100

110

100

90

80

70

60

2015

2017

2019

2021

2023

UK

Average of G7 excluding UK

Goods trade-to-GDP ratio, 2019 = 100

Services trade-to-GDP ratio, 2019 = 100

110

110

100

100

90

90

80

80

31 Dec 2020

End of Brexit

transition period

70

70

60

60

2015

2017

2019

2021

2023

2015

2017

2019

2021

2023

UK

Average of G7 excluding UK

Goods trade-to-GDP ratio, 2019 = 100

110

100

90

80

31 Dec 2020

End of Brexit

transition period

70

60

2015

2017

2019

2021

2023

Services trade-to-GDP ratio, 2019 = 100

110

100

90

80

70

60

2015

2017

2019

2021

2023

UK

Average of G7 excluding UK

Goods trade-to-GDP ratio, 2019 = 100

110

100

90

80

31 Dec 2020

End of Brexit

transition period

70

60

2015

2017

2019

2021

2023

Services trade-to-GDP ratio, 2019 = 100

110

100

90

80

70

60

2015

2017

2019

2021

2023

UK

Average of G7 excluding UK

Goods trade-to-GDP ratio, 2019 = 100

110

100

90

80

31 Dec 2020

End of Brexit

transition period

70

60

2015

2017

2019

2021

2023

Services trade-to-GDP ratio, 2019 = 100

110

100

90

80

70

60

2015

2017

2019

2021

2023

UK

Average of G7 excluding UK

Goods trade-to-GDP ratio, 2019 = 100

Services trade-to-GDP ratio, 2019 = 100

110

110

100

100

90

90

80

80

31 Dec 2020

End of Brexit

transition period

70

70

60

60

2015

2017

2019

2021

2023

2015

2017

2019

2021

2023