A new report has revealed the impact Brexit is having on e-commerce businesses, with a huge decline in exporting to and from Europe due to excess charges.

The data from one of Europe’s leading price comparison sites idealo.co.uk, shows the effects of the trading implications caused by Brexit, as its inventory of retailers dropped by 20% since 2020.

So far, there has been a 28.8% decline in imports from the EU to the UK, and 40.7% from the UK to Europe, making it difficult for shops to fill out stock itineraries and fulfil orders.

As well as product shortages, complex delivery times throughout Brexit and the pandemic are causing prices across consumer goods to skyrocket, reporting surges of 41%.

The table below compares the average prices from January 2020 across popular product categories to 2022. The data shows the huge leaps in cost due to product unavailability, which in turn is causing e-commerce businesses to lose custom – making shoppers more money conscious.

Those looking to get into VR this year will see the biggest price increase of up to 41%, closely followed by sex toys, which have seen a further cost of more than a third (37%) just before Valentine’s Day.

Other products such as speakers and headphones including Apple Airpods 2 (29%), kid’s bikes (28%), video games such as Call Of Duty (13%), TVs (12%) and fridges (10%) all have hefty price tags now compared to January 2020.