Irish goods exports up 17% in July driven by trade with US

The value of goods exports to the US rose 43% in July to over €5.75bn.  

Irish goods exports grew by 17% during July compared to the same period last year due in large part to increasing trade with the US, new data from the Central Statistics Office shows.

Goods exports grew by 17% in July 2024https://t.co/SWm4yHAmsm#CSOIreland #Ireland #Trade #IrishTrade #Exports #Imports #Businessstatistics #IrishBusiness #BusinessNews #Brexit pic.twitter.com/g7CLBykxxX

— Central Statistics Office Ireland (@CSOIreland) September 16, 2024

During July, the total value of Irish goods exports stood at over €18.3bn compared to €15.6bn during the same month last year. The value of exports to the US increased 43% year-on-year to more than €5.75bn, while exports to the rest of the world — which excludes the UK and the EU — increased 32% to €3.7bn.

Export to the EU grew 9% to €7.1bn while exports to Northern Ireland increased by 5% to €409m.

Irish exports to Britain was the only region that recorded a decline — dropping 28% to €1.29bn.

The EU remains Ireland’s biggest market, accounting for 39% of all exports in July.

Goods imports rose by €400m in July, with imports from the US increasing 34% to over €2bn. However, this was offset by a 15% drop in imports from Britain, valued €1.44bn.

The CSO said between January and July, the value of Irish exports have increased by €9.5bn, while the value of imports declined €5bn.