Both exports and imports decreased in March of this year compared to March 2010, according to the latest data released by the CSO today.
Exports fell by 6% while imports dropped by 14%.
However, the figures for the first two months of this year compared to last year show both exports and imports increasing.
The USA, Great Britain and Belgium were the main export markets, accounting for more than half of the total value of exports in the first two months of this year.
While imports increased by 21% with goods coming in from the United States rising by 50%.