<p class="text-align-justify">On January 1, the United Kingdom exited the EU's customs union and single market.<br />
Brexit is most likely to be blamed for the sharp drop in exports and imports. Exports to the EU plummeted by 40.7 %, while imports fell by 28.8 % when contrasted with December, the biggest fall since comparable figures began being gathered in 1997.<br />
Export to the nations which are not under the EU increased by 1.7%, while imports decreased by 17.6% from that very same nation.<br />
Two-third of UK exporters have encountered difficulty while exporting their products, with extra documentation being one of the most frequent problems.</p>
