Value of Irish exports hit record high in 2024 as threat of tariffs looms 

Ireland's trade surplus with the US exceed €50bn in 2024 potentially putting the country in the crosshairs of US president Donald Trump. Picture: Sam Boal/Rollingnews.ie

The value of Irish exports to the US rose by 34% to more than €72.6bn during 2024 as the threat of tariffs from the Donald Trump administration looms.

New data from the Central Statistics Office (CSO) shows the value of Irish exports hit a record €223.8bn last year largely due to a €22.4bn increase in medical and pharmaceutical product exports. The medical and pharmaceutical sector alone accounted for over 44% of Ireland's total exports, at €99.9bn.