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Exports Decrease By €395m In August 2017

Published on Oct 18 2017 10:43 AM

Exports Decrease By €395m In August 2017

Seasonally adjusted goods exports decreased by €395 million or 4 % to €9 billion in August 2017 compared with July 2017, according to preliminary figures from the Central Statistics Office (CSO).

However, imports reportedly increased by €87 million or 2% to €5.4 billion.

Despite concerns over Brexit and fluctuating sterling, exports to Great Britain increased by €4 million to €1.1 billion in August 2017, compared with the same period last year, reports Irish Independent.

UK Exports Increase

Overall exports to Great Britain for the year-to-date are €916 million or 11% higher than the same period in 2016.

The latest figures indicated that imports from Great Britain increased by €104 million during August to €1.3 billion, compared with August 2016.

Research showed that the largest increase came from mineral fuels, lubricants and related materials which increased by €81 million or 49%.

EU Exports Decrease

The EU accounted for €4.7bn or 52pc of total goods exports in August, a decrease of €593 million compared with August 2016.

Meanwhile the EU accounted for 57pc of the value of goods imports in August 2017.

Total EU imports were €2.9 billion, a decrease of €383 million or 12% compared with the same period last year.

The USA with €1 billion, and China with €390 million worth of imports were the main non-EU sources of imports.

© 2017 - Checkout Magazine by Donna Ahern

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