Statisticians and trade negotiators have been scratching their heads to explain a phenomenon called 'trade asymmetries', where different countries' estimates of trade with each other do not match. Adrian Chesson writes about ONS's latest work, in collaboration with our bilateral partners such as the US and the Republic of Ireland, to explain some of the differences between the UK's trade data and those of its biggest trading partners. The UK consumes 22% more goods and services on average than the rest of the EU, and the relative cost of goods in the UK and other EU countries vary a lot. Explore our article and interactive to see how price levels compare for things like tobacco, clothing and alcohol across the EU. |
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