We recently sent out a survey to our members and customers to further clarify and establish what issues Essex businesses have been experiencing in the 6 months since we left the EU.
Do you Export and/or Import to the EU?
Northern Ireland Export/Import
When asked if firms have trade relations with Northern Ireland, a total of 56.75% shared that they either Exported or Imported.
On the other hand, 43.25% responses showed that there was no business relation with Northern Ireland for exporting and importing.
No to trading with Rest of World
16.21% of members shared that they do not trade with the Rest of the World.
Note: This could change with future trade deals (WTO)
Yes to Exporting to Rest of World
Nearly half (45.94%) of the respondents expressed that they only export goods to the Rest of the World.
Yes to Export and Import to Rest of World
While 35.14% responded to both exporting and importing goods from the Rest of the World.
Yes to Importing with Rest of World
Only 2.71% shared that they import materials/goods from the Rest of the World.
This table reveals the difference between trade in the EU compared to the Rest of the World.
Difference between trade in Northern Ireland and ROW
Responses show that more businesses export and import with the Rest of the World than with Northern Ireland.
What Issues have been experienced Exporting and Importing
The diagram reveals that 6 months after Brexit, custom clearance and documentation are the main concerns and issues from a majority of businesses in all industries.
Preparation and processing documents, increased cost, differences in country requirements are a few of the many issues that has caused complexities to business/trade relations with the UK and EU.
Have things improved or have you lost clients/business due to Brexit
The results revealed that 41% lost EU clients due to the impact of Brexit.
A further 9% indicated that they lost trade relations with the Rest of the World i.e., Jordan, Morocco, Lebanon, Tunisia, and Israel to name a few.
Therefore, a total of 61% lost clients/business due to the effects of Brexit.
However, 14% of the responses showed that 6 months after Brexit, trade and business performance has remained consistent or improved.
Do you use an Agent or Forwarder or make your own Custom Declarations
Analysis by Darlington Kwesi-Osei