Sunday 17 December 2017

Irish goods exports down 3pc in July

Medical and pharmaceutical goods have seen an annual decline of €301m
Medical and pharmaceutical goods have seen an annual decline of €301m
Louise Kelly

Louise Kelly

The value of Irish exports fell by 3pc, or €209m, in July 2013 compared with the previous month.

An annual drop of €301m in medical and pharmaceutical goods has had a significant impact on this decline, according to figures released from the Central Statistics Office (CSO) today. 

Food and live animals exports, meanwhile, have seen a 15pc jump in value to €101m, compared with the same period in 2012.

Since July 2012, the value of goods imports rose 3pc to €3.9bn as demand for food and live animals grew by 12pc (€52m) and imports of chemicals and related products rose by 6pc (€50m).

Month-on-month, seasonally adjusted imports fell by 2pc in July this year while exports rose by 3pc.

Figures from the CSO report also show that Ireland’s trade surplus dropped to €3.7bn at the end of July from €4bn the previous year.

Overall, the EU accounted for 55pc, or €4,146m of total exports in July.  The US - 18pc of total - was the main non-EU destination for exports.

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