Exports and imports hit fresh lows

Exports have fallen to their lowest levels since Mar 2010, while the country’s import figures have plunged to lows not seen since Nov 2010, according to the CSO.

The seasonally adjusted value of exports fell by €713m (or 9%), and imports fell by €1,034m (or 23%).

The decline in imports was mainly due to a fall of €709m in the imports of “other transport equipment” including aircraft.