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April 18, 2017

19% surge in Irish exports to UK

Exports from Ireland to the UK grew by 19% over the year to February, with Ireland’s trade surplus falling by 9% over the same period.

The 2016 growth is due primarily to exports of chemical and related product, which increased 58% The latest figures from the Central Statistics Office (CSO) show the value of all exports rose 15% versus February 2016. Exports of medical and pharmaceutical products continued to lead the way, rising by 37%, with exports of electrical machinery, apparatus and appliances up 28%. The Brexit-related crash in sterling wiped nearly half a billion Euros off the value of Irish exports to the UK last year, equivalent to 4%. The value of imports increased by 2% over the year to €5.47 billion. The value of goods imported for the first two months of 2017 was up 3% to €10.6 billion versus the same period last year.

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