New figures from the Central Statistics Office show that exports of goods for the first ten months of the year came to €187 billion, an increase of 13% on the same time last year.
But imports have fallen by €4 billion in the months from January to October compared with the first 10 months of 2023.
The CSO said that exports in October were valued at €21.2 billion, an increase of 21% on October 2023.
Exports of Medical & Pharmaceutical Products made up 53% of this value at €11.1 billion, the CSO noted.
Exports to Great Britain have fallen by 10% over the last ten months of 2024, while exports to the US have grown by 30% in the same period, it added.
The EU accounted for €9.049 billion, or 43% of total goods exports in October, of which €2.899 billion went to the Netherlands, €1.911 billion went to Germany and €1.825 billion went to Belgium.
The US was the main non-EU destination accounting for €6.849 billion or 32% of total exports in October.
Meanwhile, imports in October fell by 2% to €11.3 billion compared with the same month last year.
The CSO said the country has a trade surplus of nearly €9.9 billion in October, up nearly 65% on the same month last year.
In the year so far, the trade surplus stands at more than €77 billion – an increase of 48% year on year.
Article Source – Exports in October rise by 21% on last year – CSO – RTE
