Business Irish

Thursday 14 December 2017

Irish goods exports hit record of almost €117bn

Stock Image: PA
Stock Image: PA
Colm Kelpie

Colm Kelpie

Irish goods exports reached a record last year of almost €117bn, according to official figures, but exports to Britain dropped by almost half a billion euro.

Imports from Britain also fell back, dropping by €1.35bn to €15.55bn, preliminary data from the Central Statistics Office shows.

It is the first official figures showing the impact of the Brexit referendum on Irish exports.

The biggest increase in exports overall was seen in exports of electrical machinery, which jumped almost 150pc to €7.3bn.

This was followed by exports of organic chemicals which increased by €2.17bn, or 10pc, to €23.66bn.

Exports to Britain decreased by €496 million, or 4pc,  to €13.31bn last year compared with 2015, while imports decreased by €1.35bn, or 8pc, to €15.5bn in the same period.

Exports to the United States increased by €3.34bn, or 12pc, to €30.2bn in 2016.

Exports to European Union countries fell by €193 million, or 0.3pc, to €59.65bn while exports to the rest of the world increased by €4.7bn, or 9pc, in 2016.

Online Editors

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business