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The fall in trade with EU countries continued to decelerate in March, but at a slower pace than in February, the Office for National Statistics noted in data released Wednesday. By end-March, EU exports to the UK were down by 7.0% over the end of December, when Britain exited the transition periods with Brussels, compared to -15.0% in February. Imports fell by 22.1% between December and March, a slight improvement on the 24.5% fall recorded at the end of February.
Imports from non-EU countries hit GBP54.7 billion in the first quarter exceeding EU imports of GBP50.7 billion for the first time since records began in 1997.