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Trade between Ireland and Northern Ireland surged after Brexit

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During the first year (2021) of Brexit, UK’s withdrawal from European Union UN, trading between Ireland and Northern Ireland expanded at an unimaginable rate. The import rate increased up to 65%, while exports to the region administered by Britain expanded up to 54%. Although Ireland’s imports from Britain were 32% lower during the start of 2021, the trading rate improved as 2021 progressed. The gross trade rate grew up to 18%, reaching the record rate of €102 billion or $116 billion, inclusive of €1.6 billion boost from Northern Ireland.

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ConsumerGeniuses

Consumer Goods industry will surpass $15T globally by 2025. However the old business model of mass distribution is about to become obsolete. Digital Transformation, Millennials and Gen Z effect, Direct to Consumer and Post-Covid World are going to reshape the winning formula for the new era CG industry. Our weekly newsletter covers global innovations and disruptions in CG industry.

ConsumerGeniuses is managed by IndustryGeniuses (A place where industries meet innovation). We are rolling out content platforms for the world’s hottest industries such as Food & Grocery Retail, Consumer Goods and Healthcare. For each of these key industries, we support Tech Startups and Industry Disruptors as they roll out next generation digital initiatives.

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