Brexit effect still lingering as Irish exports to Britain plummet by 12%

The value of Irish goods exports to Britain across January and February amounted to just over €1.81bn — down by nearly €250m on the same two months last year

Economists think it remains far too early to tell the true impact of Brexit on Ireland's trading relationship with Britain, despite exports taking a massive hit since the turn of the year. Picture: Eddie O'Hare

Brexit is still negatively impacting Ireland’s trading relationship with Britain, with new figures showing a 12% year-on-year slump in the value of exports to Britain in the first two months of the year.

However, economists believe it remains too early to know if current trends merely illustrate early Brexit teething problems or if they represent a wholesale change in trade between the two countries.