Irish Exports Rise by 6% in First Half of the Year as Imports Drop by 8%, Reports CSO..
Dublin: Irish goods exports increased by 6% in the first half of the year, reaching €107bn, while imports declined by 8%, according to the Central Statistics Office (CSO). This growth was primarily driven by a €3.7bn rise in chemical and related products. Meanwhile, the value of imports, particularly chemicals, dropped by €5.6bn.
Exports to the US surged by 23%, with chemicals contributing €5.8bn to this increase, while exports to Britain fell by 13%. The EU remained Ireland’s largest export market (€41.8bn), followed by the US (€33.8bn). In June, Irish exports decreased by €1.8bn year-on-year to €16.6bn, with a trade surplus of €5.3bn.
Ciarán Counihan from the CSO noted that seasonally adjusted exports fell by 2% to €16.9bn, while imports rose by 8% to €11.6bn. Major export markets within the EU included the Netherlands, Belgium, and Germany. Janette Maxwell of Grant Thornton highlighted the significance of the 23% growth in exports to the US, emphasising the importance of this trading relationship, particularly with potential shifts in US leadership in 2025.
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