Ireland’s seasonally adjusted trade surplus rose slightly in August 2013, up 1pc to €3.2bn, compared with the previous month.
According to recent preliminary figures from the Central Statistics Office, Irish exports rose 4pc to €7.6bn while imports rose 7pc to €4.4bn in the month to month comparison.
However, on an annual basis, the value of exports in August 2013 actually dropped 17pc to €6.96bn.
The patent cliff could largely blamed for this decline as organic chemicals (down €579m) and pharmaceutical products (down €422m) saw the largest drop in figures.
Meanwhile, the value of imports rose by 1pc to €3.9bn in August on a yearly basis, with imports of petroleum and related products jumping by 32pc.
The main non EU sources of imports were the US, with 11pc of total, and China, accounting for 8pc of imports to Ireland.