Import and export data shows the clear impact of Brexit on trade

Increased paperwork and stockpiling of goods blamed for 65% fall

traffic at Dublin Port. Covid-19, Brexit and the stockpiling of goods all contributed to the fall in trade between Ireland and Britain in January. Picture Colin Keegan

Brexit had an immediate impact on trade volumes between Ireland and Britain with imports and exports between both countries falling significantly in January when compared to the same month last year.

Figures from the Central Statistics Office (CSO) show that imports from Britain were €497m in January, a fall of €906m or 65% from a year previously. Goods from Britain accounted for just 9% of total imports. Exports in the same month to Britain decreased by 14% to €946m.