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RECORD BREAKER: UK’s newest biggest single import market

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China has officially overtaken Germany to become the UK’s biggest single import market, for the first time since records began.

Goods imported from China rose 66 per cent from the start of 2018, to this quarter at $24billion dollars.

Imports from Germany fell by a quarter to in the same period.

This comes as trade with the EU was affected by Brexit and the pandemic saw demand for Chinese goods boosted.

Germany’s motor industry also felt the impact of the pandemic as both vehicle production and global exports were hit.

Imports from china that showed a jump were textiles for face masks and other protective equipment and a strong demand for electrical devices.

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  1. Taylor

    May 27, 2021 at 7:34 am

    The ultimate ‘everything reminds me of him’ photo

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

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Why are airlines after the Biden Administration?

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

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